Iowa News

Regent Rastetter files amended disclosure forms

DES MOINES, Iowa (AP) -- Iowa Board of Regents member Bruce Rastetter has filed an amended financial disclosure statement with a state ethics board just days before the board considers whether he violated state ethics rules.

The Iowa Ethics and Campaign Disclosure Board meets Thursday to review a complaint filed by Iowa Citizens for Community Improvement, a government watchdog group.

The complaint alleges Rastetter misrepresented himself on financial disclosure forms as a farmer when in fact he owns numerous investments and gets significant income from executive positions at corporations he oversees.

The new disclosure filed Monday adds his position as CEO at two companies in addition to multiple investments and real estate holdings.

Rastetter's lawyer says the new disclosures are intended to resolve ethics questions.

Iowa CCI declared victory saying it's an admission of guilt.

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