Chris Miller, the top energy aide for Senate Majority Leader Harry Reid, doubled his $3,500 investment in stock of a renewable energy company in just two years. Skilled investing you might say. But there’s a catch, The Wall Street Journal reports. Reid helped pass a law that benefited the firm, Energy Conversion Devices Inc.
Reid spokesman Jim Manley defended Miller’s action at first. He said the aide played no role in creating tax incentives for renewable-energy firms and that the stock rose for other reasons.
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3 comments:
Putting money in Green companies was a good and yet obvious investment as Obama entered office for anyone that followed the democratic agenda.
Whether he invested in a particular company with inside knowledge of contracts is a different story. We are only talking about a 3,000 dollar gain in two years. This isn't a whole lot of money.
10:24 do you really think common sense is a virtue on this board?
You or I go straight to jail and forfeit all gains for "insider trading"...further, ever hear of "conflict of interest"....oh yeah, I'm sorry, my bad...that doesn't apply to our PUBLIC MASTERS. And $3000? That's what's been revealed. Dig a little deeper. Bet someone strikes gold.
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