RANCHO MIRAGE, Calif. (KESQ)-- Rancho Mirage councilmember Steve Downs is speaking out about an ongoing state ethics investigation involving allegations related to his economic interest disclosures and potential conflicts of interest. The investigation by the California Fair Political Practices Commission comes after an anonymous complaint alleged Downs failed to report continuing work with a real estate company now run by his son. Downs says he is cooperating with the FPPC in their investigation; which so far, has not made any determination of wrongdoing. Downs says he sold his real estate company to his son who paid for the assets over time, which is why they're listed as generating income in those years. He owns the business, it's his business, not me, he manages the real estate team, not me, and I haven't since the end of 2022."