Stevens Flipped Fla. Condo For $130K Profit On $5K Investment

(The Politico)  The nuggets of evidence in the Ted Stevens case are spilling out from the Department of Justice.

One of the new revelations in documents released Thursday night shows that Stevens invested $5,000 in a Florida condominium, received a $31,000 interest-free loan to help with the down payment, then flipped the condo for a $129,000 profit.

Stevens purchased the condo for $360,000 in February 2001, then sold the property in August the same year for $515,000, according to court documents. The DOJ filing from last night alleges that Stevens never reported his mortgage liability on his Senate.

The watchdog group Taxpayers for Common Sense has done some sleuthing on the Florida property using Google Earth to show the condo, which is on the Gold Coast of Florida.

The Anchorage Daily News today reports that the Florida transactions certainly broaden the case against Stevens, making it a larger corruption probe into his failure to disclose these financial assets in his Senate disclosure forms.