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NEWS ABOUT: conflict of interest

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Sandusky Gets New Judge

And this time, it's not one connected to his charity

(Newser) - District Judge Leslie Dutchot is off the Jerry Sandusky case, after a public outcry over her ties to Sandusky’s charity for troubled kids, the New York Daily News reports. She’ll be replaced by an out-of-county judge who "has no known connections with the Pennsylvania State University, the... More »

Cantor Has Up to $15K Bet on Government Default

It's just a teeny tiny conflict of interest, Jonathan Easley argues

(Newser) - As Eric Cantor last week negotiated an increase in the federal debt ceiling, he had between $1,000 and $15,000 invested in a fund that aggressively shorts US bonds, according to his latest financial disclosure statement. If Congress fails to raise the debt ceiling and the US defaults, the... More »

Board: Ex-Buffett Lieutenant Broke Law, Duped Boss

Berkshire board issues scathing report on Sokol dealings

(Newser) - Warren Buffett's former heir apparent David Sokol misled his boss and violated insider-trading rules when he bought shares in Lubrizol and then recommended Berkshire Hathaway buy it , Berkshire's board has concluded. A scathing report from the board portrays Buffett as a victim of Sokol's deception and says... More »

In Buffett Heir Apparent's Past: More Shadiness

Critics come out of the woodwork for ousted Berkshire exec

(Newser) - David Sokol’s sudden resignation —and the scandal that accompanied it—shocked the business world last week, but this isn’t the first time Warren Buffett’s ex-heir apparent's ethics have been questioned. Just last year, a judge rebuked Sokol for accounting irregularities at MidAmerican Energy, the company he... More »

On NBC News, Not a Peep About GE Tax Story

But reps say that has nothing to do with the fact that GE is parent company

(Newser) - The GE tax avoidance story was kind of a big one—so why wasn't it covered on NBC News when it broke on Friday ... or on Saturday or Sunday or Monday? Critics were quick to point out that GE is NBC's parent company, but representatives insist that had nothing to... More »

Fox Suspends 2012 Hopefuls Newt, Santorum

Palin and Huckabee are fine for now

(Newser) - Fox News has suspended contributors Newt Gingrich and Rick Santorum for 60 days, because they’ve “signaled possible runs for the presidency,” anchor Bret Baier announced today. The two will have until May 1 to declare whether they’re running. If they don’t announce either way by... More »

SEC Lawyer Linked to $1.5M in Dirty Madoff Money

Maybe that's why SEC was 'asleep at the swtich,' says critic

(Newser) - The mother of the chief lawyer for the Securities and Exchange Commission reaped $1.5 million in dirty money from Bernie Madoff, court documents are revealing. Attorney David Becker has been named in a clawback lawsuit seeking funds to repay investors ripped off in Madoff's $65 billion Ponzi scheme. The... More »

Judge Who Nixed Health Care Owns Stake in GOP Firm

Attorney general paid consulting firm $9K this year

(Newser) - Surprise! Henry Hudson, the federal judge who ruled health care reform unconstitutional today owns as much as $50,000 worth of stock in a GOP political consulting firm that opposes health care reform. According to financial disclosure forms spotted first by the Huffington Post and then Gawker , Hudson has made... More »

Palin Policy Adviser Works for Foreign Governments

Orion Strategies a registered agent for Taiwan, Georgia

(Newser) - The company Sarah Palin is paying for foreign policy advice is also being paid to lobby lawmakers on behalf of Taiwan, Georgia, and Montenegro. Palin's political action committee isn't breaking any laws by hiring Orion Strategies, Reuters notes, but the firm's work on behalf of foreign governments raises questions about... More »

Partisan Bloggers Often Get Paid for Posts

It's becoming common for parties to pay for coverage

(Newser) - The Daily Caller smells a rat in the political blogosphere: The site says many supposedly independent bloggers are taking money on the side from political campaigns to push a particular candidate or agenda. It's a "form of partisan payola that erases the line between journalism and paid endorsement,"... More »

Maxine Waters Faces Three Ethics Charges

California Democrat has pledge to mount aggressive defense

(AP) - The House ethics committee announced three counts of alleged ethics violations against another of its members today, further damaging the Democrats' prospects and emboldening Republicans heading into congressional elections in November. The charges against Democrat Maxine Waters include an allegation that she requested federal help for a bank in which... More »

Waters Vows to Fight Ethics Charges

Congresswoman says she'll prove innocence at trial

(Newser) - Maxine Waters isn’t rolling over for the House Ethics Committee. “The case against me has no merit,” the Los Angeles Democrat declared in a statement, promising to prove as much at trial. “I don’t think she’s going to be very diplomatic about this,”... More »

Maxine Waters Broke House Rules: Ethics Panel

California congresswoman likely to face 'trial'

(Newser) - Maxine Waters broke conflict of interest rules when she intervened on behalf of a bank in which her husband was an investor, the House ethics committee will argue in the California Democrat's forthcoming "trial," reports Politico . She could have copped a plea but vehemently refused to acknowledge any... More »

Judge Who Blocked Drill Ban Has Gulf Oil Investments

Environmentalists protest 'flagrant conflict of interest'

(AP) - The Louisiana judge who struck down the Obama administration's six-month ban on deepwater oil drilling in the Gulf of Mexico has extensive investments in the oil and gas industry. US District Judge Martin Feldman, a 1983 Reagan appointee, in 2008 reported owning less than $15,000 in stock in Transocean,... More »

Ex-Generals Cash in as Gov't 'Mentors'

They collect millions... while also working for defense contractors

(Newser) - If you’re a general unhappy with your measly six-figure salary, just retire; the Pentagon will pay you millions to come back and consult, even if you’re also drawing a paycheck from a defense contractor. At least 158 retired admirals and generals are now on the Pentagon payroll as... More »

American Adviser to Kurds Outed as Oil Shareholder

Galbraith's policy push won him $100M

(Newser) - An influential American advocate for Iraqi Kurds, who helped successfully secure Kurdish control over new oil finds in northern Iraq in the country's constitution, stands to reap more than $100 million from the policy he shaped. Peter Galbraith, it turns out, received rights to an enormous oil stake in Kurdistan... More »

Ben Stein Bitches About Getting Fired by the Times

(Newser) - Ben Stein is miffed about his summary expulsion from the New York Times’ Sunday business section, and he explains why in a lengthy piece for the American Spectator. Booted over a TV commercial he did for an online credit reporting service—not his first commercial, and not a subject he... More »

Paulson Still Dogged by Ethics Queries

Ex-Goldman exec coddled firm as Treasury sec, critics say

(Newser) - As a former Goldman Sachs exec, Henry Paulson vowed to avoid any potential conflicts of interest when he was appointed President Bush’s Treasury secretary. But seven months after he left office, the nagging questions surrounding Paulson’s tumultuous term in office suggest he may not have succeeded, Gretchen Morgenson... More »

White House Invites CEOs for Lunch—Then Bills Them

(Newser) - Four top CEOs who sat down to lunch with President Obama at the White House have an unusual memento: the bill for their meals. White House staffers collected the credit card numbers of the executives from Coke, Xerox, AT&T, and Honeywell so they could pay up afterward, Politico reports.... More »

Bayh's Wife in Deep With Health Industry

Senator says his vote unaffected by Susan's myriad board positions

(Newser) - As both sides of the health care debate court Sen. Evan Bayh's elusive vote, his wife's earnings from the industry are raising more than a few eyebrows. The Indianapolis Star  takes a look at Susan Bayh, who pulled down some $2.1 million between 2006 and 2008 for serving on... More »

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