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Money, Power, And Radical Honesty: A Look At Members Of Congress’ Use Of Information For Financial Gain, Spencer K. Schneider
Money, Power, And Radical Honesty: A Look At Members Of Congress’ Use Of Information For Financial Gain, Spencer K. Schneider
The Journal of Business, Entrepreneurship & the Law
There are many instances of members of Congress profiting after receiving classified information. While the American public remained uninformed as to the true crisis looming as COVID-19 spread, members of Congress received private briefings and quietly sold securities such as travel and hotel related interests, and purchased other securities, such as remote-work software and medical equipment related interests. Many members of Congress also profit from federal money earmarked to increase the value of their personal land deals, from access to IPOs, and from corporate board seats. While corporate executives, members of the executive branch, and ordinary citizens are subject to …