Congress getting rich off trading stocks on insider information: Jailed lobbyist Jack Abramoff

[elehhhhna]

Congress getting rich off trading stocks on insider information: Jailed lobbyist Jack Abramoff dishes dirt on book tour
By Michael Zennie

Last updated at 8:08 PM on 12th November 2011

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Members of Congress and their aides use insider information to make up to hundreds of thousands of dollars trading in the stock market, disgraced lobbyist Jack Abramoff said.

Mr Abramoff, who was one of the most powerful men in Washington before he was convicted of fraud and sent to prison for three years, said lawmakers who had no background in finance bragged to him about their trading at least a dozen times.

(It s NOT illegal for COngress to trade on inside information. They exempted themselves from the law on this subject. Elehhhhna)


Read more: http://www.dailymail.co.uk/news/article-2060738/Congress-getting-rich-trading-stocks-insider-information-Jailed-lobbyist-Jack-Abramoff-dishes-dirt-book-tour.html#ixzz1dbNQcZWq