Ethics complaint filed against Frist

[texpatriot2004]

http://releases.usnewswire.com/GetRelease.asp?id=54044

WASHINGTON, Sept. 26 /U.S. Newswire/ -- Today, Citizens for Responsibility and Ethics in Washington (CREW) filed a complaint with the Senate Select Committee on Ethics against Senate Majority Leader William Frist (R-Tenn.). The complaint alleges that the Senator violated Senate ethics rules by engaging in apparent insider trading and then attempting to cover it up.

This past June, Sen. Frist sold all of his, his wife's and his children's stock in Hospital Corporation of America, (HCA) Inc. shortly before the value of the stock fell sharply. Notably, Sen. Frist's brother sits on HCA's board of directors and other members of the board also sold HCA stock before its value fell. Although Sen. Frist has owned HCA stock since first elected to the Senate in 2000, he now claims that he sold the stock because of a conflict of interest.

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Sloan stated, "not only has Sen. Frist likely engaged in illegal activity, he has also been attempting to cover up his actions by suddenly finding a conflict of interest that he never before recognized. Sen. Frist would be wise to consider Martha Stewart's case as he continues down this path."

For more information and a copy of the complaint, please visit http://www.citizensforethics.org.

[sinkingfeeling]

1. Good, because there are no opposition senators to file the complaint.