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Sunday, November 13, 2011

Congress Members Took Part in Insider Trading: Abramoff - US Business News - CNBC

Congress Members Took Part in Insider Trading: Abramoff - US Business News - CNBC: "As many as a dozen members of Congress and their aides took part in insider trading based on foreknowledge of market moving information on Capitol Hill, disgraced Washington lobbyist Jack Abramoff told CNBC in an interview.

Abramoff, who was once one of the wealthiest and most powerful lobbyists in Washington before a corruption scandal sent him to federal prison for more than three years, said that many of those members of Congress bragged to him about their stock trading prowess while dining at the exclusive restaurant he owned on Pennsylvania Avenue."

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