Senator Allen's sinking ship...
As if the "macaca" incident and claims of past racial slurs weren't enough, apparently Sen. Allen is taking part is some shady, unfair business practices and allegedly breaking Senate rules by doing so. From cnn.com...
An Associated Press review of Allen's financial dealings from that era found that the senator:
• Did not have to look far to find corporate suitors, joining three Virginia high-tech companies he assisted as governor. Allen served on boards of directors for Xybernaut and Commonwealth Biotechnologies and advised a third company called Com-Net Ericsson, all government contractors.
• Twice failed to promptly alert the Securities and Exchange Commission of insider stock transactions as a Xybernaut and Commonwealth director. The SEC requires timely notification and can fine those who file late.
• Kept stock options provided to him for serving as a director of Xybernaut and Commonwealth, but steered other compensation from his board service to his law firm.
Read for yourself... http://www.cnn.com/2006/POLITICS/10/09/allen.stocks.ap/index.html
Any more of these damaging reports coming out against Sen. Allen and the fat lady will be entering stage left.
An Associated Press review of Allen's financial dealings from that era found that the senator:
• Did not have to look far to find corporate suitors, joining three Virginia high-tech companies he assisted as governor. Allen served on boards of directors for Xybernaut and Commonwealth Biotechnologies and advised a third company called Com-Net Ericsson, all government contractors.
• Twice failed to promptly alert the Securities and Exchange Commission of insider stock transactions as a Xybernaut and Commonwealth director. The SEC requires timely notification and can fine those who file late.
• Kept stock options provided to him for serving as a director of Xybernaut and Commonwealth, but steered other compensation from his board service to his law firm.
Read for yourself... http://www.cnn.com/2006/POLITICS/10/09/allen.stocks.ap/index.html
Any more of these damaging reports coming out against Sen. Allen and the fat lady will be entering stage left.
<< Home