Originally posted by Boomer1941
This Youtube link pretty much sums it up.
What Congress Doesn't Want You To Know
"IU legal expert: Insider trading by Congress is illegal, contrary to '60 Minutes' report"
Oh my, perhaps they are breaking the law....
newsinfo.iu.edu...
Rule 10b-5 of the Securities Exchange Act of 1934, a broad anti-fraud prohibition in U.S. securities law. If a member of Congress were to purchase stock in a company based on nonpublic congressional knowledge -- for example, the award of a highly lucrative, but not yet publicly announced, defense contract -- the SEC could prosecute that official under Rule 10b-5 for fraud "in connection with the purchase or sale" of a security.
They made a law that say's congressmen cannot go to jail. They can be kicked out, but cannot go to jail. SO thus they can do corrupt things with hearts desire, until they get caught. Then they go to their cottage home to spend out the rest of their life in luxury on your tax dollars. I THOUGHT, YOU PEOPLE ALL KNOW ALL THIS, APPARENTLY NOT. Congressmen cannot go to jail, it is in the law. They just get impeached,or told to resign, THATS ALL. Name one congressman that went to jail. JUST ONE. YOU CAIN'T , because there is none, not one that went to jail. All the scandal and NOT ONE will go behind bars, NOT ONE. COME ON, i dare you, name just one congressman that went to jail behind bars.
Randall Harold Cunningham (born December 8, 1941), usually known as Randy or Duke, is United States Navy veteran, convicted felon, and former Republican member of the United States House of Representatives from California's 50th Congressional District from 1991 to 2005.
Cunningham resigned from the House on November 28, 2005, after pleading guilty to accepting at least $2.4 million in bribes and under-reporting his income for 2004. He pleaded guilty to federal charges of conspiracy to commit bribery, mail fraud, wire fraud and tax evasion. On March 3, 2006, he received a sentence of eight years and four months in prison and an order to pay $1.8 million in restitution.[1]
Cunningham is currently incarcerated in the minimum security satellite camp at the U.S. Penitentiary at Tucson, Arizona.[56] He was assigned federal inmate number 94405-198 and his scheduled release date is June 4, 2013.[57] He spends his time at the prison teaching fellow inmates to obtain their GED,[58] as well as claiming to now be a prison reform advocate.[59]
William Jennings "Bill" Jefferson (born March 14, 1947) is a former American politician, and a published author[1] from the U.S. state of Louisiana. He served as a member of the U.S. House of Representatives for nine terms from 1991 to 2009 as a member of the Democratic Party. He represented Louisiana's 2nd congressional district, which includes much of the greater New Orleans area. He was Louisiana's first black congressman since the end of Reconstruction.[2]Jefferson is still free on bail.
On November 13, 2009, Jefferson was sentenced to 13 years for bribery after a corruption investigation, the longest sentence ever handed down to a congressman for bribery or any other crime.[3]
n 2002, Traficant was indicted on federal corruption charges for taking campaign funds for personal use. Again, he opted to represent himself, insisting that the trial was part of a vendetta against him dating to his 1983 trial. On April 15, he was convicted of 10 felony counts including bribery, racketeering, and tax evasion. As per House rules, he lost his right to vote on legislation pending an investigation by the House Ethics Committee.
James A. Traficant, Jr. had the Federal Bureau of Prisons ID # 31213-060.[12] Traficant served his first 17 months in prison at FCI Allenwood and shortly after, he was shackled and put in solitary confinement for causing a riot after telling a guard, "People can't hear you. Speak up."[13] For nine months, beginning in March 2004, he served with 20 inmates in one locked room at the Federal Correctional Institution Raybrook with a public commode, and with four in a room at Federal Medical Center, Rochester for three years. He was admonished by prison officials in Raybrook he was only a "few points away" from a penitentiary. In the seven years of incarceration, he refused any visitors because he didn't want anyone to see him. He wore his hair in a pony tail without his trademark hairpiece. Traficant took up artwork while in prison; according to his wife, he did not have access to a computer there.[14] "I understood the dynamics of prison life." Regarding the overcrowded prison system he said, "And now what you have is, they want to keep the prisons open, keep the jobs going. They're putting 20, 30 years on some of these young people, and it's out of hand." He was released on September 2, 2009, at age 68, and is subject to three years of probation.[15]
While in prison, Traficant received support from David Duke, who urged visitors to his personal website to donate to Traficant's canteen fund. Duke also posted a letter written by Traficant stating that he was targeted by the U.S. Department of Justice for, among other things, defending John Demjanjuk. Traficant also claimed, in the letter, that he knew facts about "Waco, Ruby Ridge, Pan Am Flight 103, Jimmy Hoffa and the assassination of President John F. Kennedy", which he may divulge in the future. Author Michael Collins Piper, who initially helped circulate Traficant's letter, said that "There's stuff I've written about Traficant that's showing up in places I don't even know. It's like (six) degrees of separation with the Internet now," and denied that Traficant had any direct connections to Duke.[14]
James Anthony Traficant, Jr. (born May 8, 1941) is a former Democratic Representative in the United States Congress from Ohio (from 1985 to 2002). He represented the 17th Congressional District, which centered on his hometown of Youngstown and included parts of three counties in northeast Ohio's Mahoning Valley. He was expelled after being convicted of taking bribes, filing false tax returns, racketeering, and forcing his aides to perform chores at his farm in Ohio and on his houseboat in Washington, D.C.,[1] and was released from prison on September 2, 2009, after serving a seven-year sentence.James Anthony Traficant, Jr.
Money laundering convictionsTom DeLay
On October 3, 2005, a Travis County, Texas, Grand Jury indicted Tom DeLay on a felony conspiracy charge to move $190,000 in corporate donations to Republican candidates in the Texas State Legislature in 2002.[23] On October 20, 2005, Tom DeLay turned himself in to the Harris County Sheriff Office, the day after an arrest warrant was issued.[23] He was released after posting a $10,000 bond.[24] On November 24, 2010, DeLay was found guilty by a jury in Austin (Travis County), Texas, of money laundering and conspiracy to commit money laundering.[25][25] He was subsequently sentenced to three years in prison and 10 years probation on January 10, 2011.[26][27] DeLay's lead attorney has said that he will appeal the convictions.[28] As a convicted felon Delay would never again be eligible to run for public office in Texas nor would he be able to vote in Texas until he completes any sentence, including probation and parole.[29]
As of January 11, 2011, Delay is out on bail pending his appeal.[30]
Congressman Hansen went to Tehran in 1979 in the middle of the Iran hostage crisis to try to negotiate with hostage takers through the fence of the U.S. Embassy. In 1980 Hansen published a book titled 'To harass our people: The IRS and government abuse of power.George V. Hansen
In 1984 Hansen was reprimanded by the House for failing to include transactions on federal disclosure forms. He was defeated for reelection by less than 200 votes that year by Democrat Richard H. Stallings.[1] Hansen tried unsuccessfully to challenge the election result. He was convicted of failing to file full disclosure forms and spent 15 months in prison. His imprisonment allegedly included torture through medical neglect and subjection to "diesel therapy," a form of punishment in which prisoners are painfully shackled and then transported for days or weeks without respite.[2] The conviction was overturned in 1995 as a result of the U.S. Supreme Court decision Hubbard v. United States.[3]
The buying and selling of stock by corporate insiders who have access to non-public information that could affect the stock price can be a criminal offense, just ask hedge fund manager Raj Rajaratnam who recently got 11 years in prison for doing it. But, congressional lawmakers have no corporate responsibilities and have long been considered exempt from insider trading laws, even though they have daily access to non-public information and plenty of opportunities to trade on it.
Originally posted by Eurisko2012
Originally posted by Boomer1941
This Youtube link pretty much sums it up.
What Congress Doesn't Want You To Know
Princess Nancy got caught flatfooted.
What your point?
Your net worth has skyrocketed because you have been investing in the stock market
with - inside information -!
