Wednesday, July 26, 2006
Senator Frist Refuses to Confirm or Deny Being Interviewed by Federal Investigators
Senate Republican Leader Bill Frist is still under investigation by the SEC and the Justice Department for selling stock in a company controlled by his family just before a bad earnings report caused it to fall. (He apparently did what Martha Stewart went to jail for.)
Frist's brother is now working with investment firms to buy up all the company stock and make it a private company.
In a CBS News story, Senator Frist refused to confirm or deny that he has been interviewed by the investigators. Here's a snip from the news story:
Fortunately for America, Frist is not running for re-election to the Senate. Let's hope his presidential aspirations fizzle as well.
America deserves better.
Frist's brother is now working with investment firms to buy up all the company stock and make it a private company.
In a CBS News story, Senator Frist refused to confirm or deny that he has been interviewed by the investigators. Here's a snip from the news story:
The senator has been under investigation by the Securities and Exchange Commission and federal prosecutors for nearly a year. Investigators are looking into sales of HCA stock belonging to Frist and his immediate family last year, near the stock's 52-week peak and at a time when insiders were selling off.
Frist denies wrongdoing and says he got rid of the stock to avoid any appearance of a conflict of interest as he eyes a presidential run.
When asked whether he had been interviewed by investigators, Frist neither confirmed nor denied that, saying only, "I participated fully with the inquiry, and things have progressed well."
Fortunately for America, Frist is not running for re-election to the Senate. Let's hope his presidential aspirations fizzle as well.
America deserves better.
