Clarke Amends Financial Disclosure, Loses Millionaire Status

Posted September 11, 2009 at 10:43am

Rep. Yvette Clarke (D-N.Y.) is not a millionaire.

The New York lawmaker filed an amended financial disclosure Wednesday erasing the jackpot she revealed in her initial report filed earlier this year.

In her original report, Clarke, who had never before reported assets, claimed two mutual fund accounts worth at least $5 million each.

According to her amended reported, Clarke’s assets are worth a minimum of $33,000, and her minimum net worth is $8,000 after subtracting at least $25,000 in auto and personal loan debt.

“I am pleased to have submitted my amended 2008 financial disclosure statement to the Office of the Clerk reflecting an accurate accounting of my personal assets and net worth,— Clarke said in statement. “Obviously there were errors in the original filing that have been duly corrected by this amendment.—

Clarke added that she is also reviewing her prior financial disclosures and may submit additional amendments.

“I am currently working with my accountant to ensure that amendments to previous submissions are expedited for an accurate accounting of my holdings during those submission periods,— her statement said.