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Loss for Rep. Buchanan, financial records could go public | News

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Loss for Rep. Buchanan, financial records could go public
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Sarasota, Florida -- Sarasota Congressman Vern Buchanan, who has survived allegations of ethics and election violations, has lost a round in court. 

Buchanan has been in litigation with his former Partner Sam Karzan since 2008. During the suit witness have sworn the Congressman has illegally funneled money for campaign contributions through his business and has been guilty of tax evasion and tax Fraud.

Stok says the ruling will open up the Congressman's financial records deeper than ever before.

See also: Department of justice clears Congressman Vern Buchanan

While Buchanan has vigorously denied these allegations, he has refused to turn over records his ex-partner has requested through the court. 

A Sarasota judge has now said his ex-partner can claim punitive damages. 

According to Robert Stock, the attorney for Buchanan's ex-partner, that means he will be able to look at all of Buchanan's financial records, including off shore accounts.

Meantime Buchanan's attorney, Mark Ornstein, says the Court ruling was not unexpected due to the low threshold required for a party to make such a claim. He also said Buchanan files monthly public disclosures now, which all citizens are entitled to review.

The two sides in this five year dispute have very different views on what the ruling means, but it could leave the Sarasota's Congressman's finances open to much more scrutiny than ever before.

Related Stories:

Rep. Buchanan could face contempt charge for "no-show" at deposition

Buchanan takes heat for avoiding testifying under oath

Ethic's committee: No action against Rep. Buchanan

Correction on Vern Buchanan tax payment

Congressman Vern Buchanan under fire for questionable business practices

Follow 10 News Reporter Mike Deeson on twitter @MikeDeeson

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