A day after details became public on an ongoing congressional investigation into U.S. Rep. Alan Grayson, his rival for the Democratic U.S. Senate nomination called on Grayson to shut down his controversial hedge fund and declared Grayson unfit for public office.
"I believe that, quite frankly, he's disqualified himself from being a public servant. You've got a member of Congress who's more concerned about making money for himself than solving ... very, very real problems in our country," U.S. Rep. Patrick Murphy, D-Jupiter, said in a telephone press conference. "I believe he needs to disclose what he's invested in, who his investors are, and he needs to close his unethical and illegal hedge fund."
Murphy also denied allegations from Grayson that anyone in Murphy's office had spoken with or colluded with the Office of Congressional Ethics, which recommended the House Ethics Committee continue investigating Grayson for what it said appeared to be multiple violations of federal law and House rules.
"There is no conspiracy here against Alan Grayson," Murphy said. "This is a very clear example of being caught red-handed. And oftentimes the truth hurts."
The independent, bipartisan Office of Congressional Ethics found that Grayson appeared to have improperly run a hedge fund while serving in Congress, kept financial ties to a law firm and other businesses either involved in ongoing litigation against the federal government or doing business with the federal government, and that Grayson improperly used his congressional office to do work on his Senate campaign and hedge fund.
Grayson denies any wrongdoing and on Tuesday declared a victory of sorts in the matter, because the House Ethics Committee opted not to start a investigative subcommittee. It would be unprecedented for the committee to punish a House member without starting such a committee, Grayson said.
That's not true, however. In 2011, the Ethics Committee ruled, without an investigative subcommittee, that former Ohio Rep. Jean Schmidt improperly accepted hundreds of thousands of dollars in legal help and ordered her to repay $500,000. In other cases, the ethics committee has started further investigation the way it has with Grayson and later decided to convene an investigative subcommittee.