DCPolitics

Bob Corker Scandal Expands

TENNESSEE SENATOR UNDER INVESTIGATION FOR ALLEGED INSIDER TRADING We have zero use for liberal “Republicans” like Bob Corker.  For those of you who don’t remember, Corker is the guy who single-handedly transformed U.S. president Barack Obama‘s Iranian nuclear deal from a “never gonna pass” proposition into a “can’t be stopped” proposition….

TENNESSEE SENATOR UNDER INVESTIGATION FOR ALLEGED INSIDER TRADING

We have zero use for liberal “Republicans” like Bob Corker.  For those of you who don’t remember, Corker is the guy who single-handedly transformed U.S. president Barack Obama‘s Iranian nuclear deal from a “never gonna pass” proposition into a “can’t be stopped” proposition.

(Oh … and then he claimed to have “tried so hard” to stop it).

ICYMI, Corker – a native of Orangeburg, S.C. – was recently busted failing to disclose millions of dollars in income from real estate, hedge funds and other investments since becoming a member of Congress in 2007.

Now comes word that CBL & Associates Properties Inc. – firm with close ties to Corker – is being investigated by the Federal Bureau of Investigation (FBI) and the Securities and Exchange Commission (SEC) for alleged accounting and financial irregularities.

It gets better, though (or worse, if you’re Corker).  That probe is also reportedly focusing on insider trading allegations involving Corker and the millions of dollars he failed to disclose.

According to The Wall Street Journal, investigators with the FBI and SEC have “asked questions about the relationship between the company and Corker, who is close with senior executives at the firm and has made millions of dollars in profits trading the company’s stock in recent years.”

Last November, the Washington, D.C. watchdog group Campaign for Accountability called for an investigation into Corker.

The group’s executive director, Anne Weisman, said this week she is “gratified to see the FBI and SEC are investigating Senator Corker.”

“Senator Corker’s pattern of buying CBL stock low, selling high, and reaping a huge profit are highly suspicious,” she said in a statement.

According to the Campaign for Accountability, Corker and his family members made at least 70 trades of stock in CBL between 2008 and 2015 – more than triple the number of transactions he made of any other stock.

“Some of the trades closely preceded company announcements that led to changes in the stock’s price and seemingly resulted in the senator making millions of dollars,” the group noted.

Sketchy …

Our hope is that Corker – who began his second term in 2013 – will be defeated when he faces reelection in 2018.  Of course if he winds up getting indicted prior to that election, that would be just fine with us too.

He’s exactly the sort of two-faced, self-dealing politician America needs to be rid of … however that happens.

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3 comments

Bo deedle May 25, 2016 at 9:31 pm

hi

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Anonymous May 25, 2016 at 9:40 pm

I DEFINITELY DO NOT LIKE THIS NEW FORMAT..!!

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oooooohhhhhh mmmyyyyy!!! May 25, 2016 at 10:58 pm

Something weird going on.I went back to old FitsNews articles and where people had deleted their names (Boz,Tango etc…) there names on posts are back on their posts.I am in heaven! :)An example are old articles on MB Chambergate and Josh Kimbrell.

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