WPRO Newsroom
Providence City Council President Michael Solomon will have pay up after he settled with the Ethics Commission for failing to disclose a business partnership for five years.
Solomon must now pay a fine of $2,000 after the Ethics Commission said the formal mayoral candidate failed to disclose his position as a partner in New City Conrad LLC between 2008 and 2013.
Solomon was a part of a group of investors who took out a loan from the city of Providence to develop the Conrad building into condominiums in 1987.
Commission chair Ross Cheit said that while Solomon did not report his earnings, the commission does not believe he did so intentionally.
“He was cooperative with the Commission and there’s no implication here that he was trying to hide anything, but he acknowledges that there are things that on those forms that weren’t,” said Cheit.
Cheit said the Commission takes any violation seriously, but said there are more serious cases than leaving something off of the financial disclosure forms.
The case was settled by all the parties involved.
After the decision, Solomon he was “glad it’s resolved.”
