Oh Alan, what have you been up to?

Congressman Alan Grayson (D) the self-styled “Congressman with Guts,” is being thoroughly investigated by the Office of Congressional Ethics for attaching his name onto hedge funds.

A big no-no for members of Congress.

 “The Chairman and Ranking Member of the Committee on Ethics have jointly decided to extend the matter regarding Representative Alan Grayson, which was transmitted to the Committee by the Office of Congressional Ethics on January 6, 2016,” representatives Charles W. Dent, R-Penn., and Linda T. Sanchez, R-Calif., wrote in a letter Monday.

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“The Committee notes that the mere fact of a referral or an extension, and the mandatory disclosure of such an extension and the name of the subject of the matter, does not itself indicate that any violation has occurred, or reflect any judgment on behalf of the Committee,” the statement said. “The Committee will announce its course of action in this matter on or before Tuesday, April 5, 2016.”

Grayson likes to play hardball and out-muscle w his opponents, but his 2016 U.S. Senate primary opponent, Rep. Patrick Murphy (D) was the one who landed what could be the deciding knockout blow to Grayson’s senatorial campaign.

It was Murphy who filed one of the two complaints against Grayson.

Politico:

House ethics rules prohibit a sitting member of Congress from using his name on financial vehicles to prevent members from using their elected offices for financial gain. Grayson has said this rule does not apply to him because he had no “fiduciary responsibility” over the funds. Experts, however, dispute his claim.

Grayson, who started the funds in 2011 before he was re-elected to Congress in 2012, struck his name from the funds after he was hit with the ethics complaints.

Monday’s statement only means the Office of Congressional Ethics thought there should be a full investigation of Grayson. The office has up to 90 days to open that investigation or say no and release a report into the matter. But the case only goes to the ethics committee if OCE votes to approve a penalty recommendation.

Translation:

Grayson is up the creek.