Was Bharara getting too close?
Pro Publica tells us about some more possible (or likely) corruption in the Trump gang.
Former U.S. Attorney Preet Bharara, who was removed from his post by the Trump administration last week, was overseeing an investigation into stock trades made by the president’s health secretary, according to a person familiar with the office.
Tom Price, head of the Department of Health and Human Services, came under scrutiny during his confirmation hearings for investments he made while serving in Congress. The Georgia lawmaker traded hundreds of thousands of dollars worth of shares in health-related companies, even as he voted on and sponsored legislation affecting the industry.
Oh did he. Surely that’s a big no-no for legislators. I hope? Isn’t it? Are they just openly feathering their own nests now?
Price testified at the time that his trades were lawful and transparent. Democrats accused him of potentially using his office to enrich himself. One lawmaker called for an investigation by the Securities and Exchange Commission, citing concerns Price could have violated the STOCK Act, a 2012 law signed by President Obama that clarified that members of Congress cannot use nonpublic information for profit and requires them to promptly disclose their trades.
The investigation of Price’s trades by the U.S. Attorney’s Office for the Southern District of New York, which hasn’t been previously disclosed, was underway at the time of Bharara’s dismissal, said the person.
I suppose soon Congress will be passing laws requiring us all to spend a certain minimum amount of money on our choice of
- weekends at a Trump resort
- outfits or jewelry from Ivanka’s collection
- a condo in a Trump-brand building in any country, with a special recommendation for Baku
Bharara seems to think the firing was because he was getting too close.
When the Trump administration instead asked for Bharara’s resignation, the prosecutor refused, and he said he was then fired. Trump has not explained the reversal, but Bharara fanned suspicions that his dismissal was politically motivated via his personal Twitter account.
“I did not resign,” he wrote in one tweet over the weekend. “Moments ago I was fired.”
“By the way,” Bharara said in a second tweet, “now I know what the Moreland Commission must have felt like.”
Bharara was referring to a commission that was launched by New York Gov. Andrew Cuomo in 2013 to investigate state government corruption, only to be disbanded by the governor the next year as its work grew close to his office. In that case, Bharara vowed to continue the commission’s work, and eventually charged Cuomo associates and won convictions of several prominent lawmakers.
But the Trump people won’t let anything like that happen. They’re not wimps.
Pro Publica goes through some of the cases.
In a third case, reported by Time magazine, Price invested thousands of dollars in six pharmaceutical companies before leading a legislative and public relations effort that eventually killed proposed regulations that would have harmed those companies.
Louise Slaughter, a Democratic Congress member from New York who sponsored the STOCK Act, wrote in January to the SEC asking that the agency investigate Price’s stock trades. “The fact that these trades were made and in many cases timed to achieve significant earnings or avoid losses would lead a reasonable person to question whether the transactions were triggered by insider knowledge,” she wrote.
Wouldn’t it be nice if legislators just saw that kind of thing as unacceptable, and stayed well away from it?
Sure, but that would negate their role as little barons or big kings. And that’s what they paid for, campaigning.