Senate Reacts Following Spencer Bachus Insider Trading Allegations

Submitted by Gilbert Horowitz on

Written by :

Gilbert Horowitz

Published on :

Following a segment that aired on “60 Minutes” claiming Congressman Spencer Bachus (R-Ala.) engaged in insider trading during the height of the financial crisis, Senate Homeland Security and Governmental Affairs Chairman Joe Lieberman (I-Conn.) and panel ranking member Susan Collins (R-Maine) announced Wednesday they will hold a hearing on the issue, which has been stuck in Congress for more than five years.

From TheHill.com:

On Thursday, House Financial Services Committee Chairman Spencer Bachus (R-Ala.) announced that his panel would consider legislation introduced by Reps. Louise Slaughter (D-N.Y.) and Tim Walz (D-Minn.) at a Dec. 6 hearing. That bill would prohibit members and White House employees from investing based on private information or from passing that information along to others for investment purposes.

Bachus is an ardent supporter of online gambling prohibition. 

- Gilbert Horowitz, Gambling911.com

Scandal
Gambling News
Poker
Politics

betonline Ace Per Head BetMania 

Betus sportsbetting betphenix skybook 

Related Content

Betfair Gambler Suicide Case Could Prove Precedent Setting for Industry

Betfair Gambler Suicide Case in UK Could Prove Precedent Setting for Industry

Widow of gambler who committed suicide in 2021 is blaming Betfair for failing to prevent her husband from amassing gambling debts.
Graham Platner Sexting, KIK Controversy as Maine Democatic Candidate Remains Heavy Favorite

Graham Platner Sexting, KIK Controversy as Maine Democatic Candidate Remains Heavy Favorite

Over the weekend, the Wall Street Journal reported that Platner exchanged sexually explicit messages with multiple women early in his marriage.
Kylian Mbappe and actress Ester Exposito

Real Madrid Fans Want Kylian Mbappe Out After Photos With Actress Ester Exposito Surface: Latest Transfer Odds

Payout odds still US$500 for every US$100 for Mbappe to exit Real Madrid
Youth wrestling

North Dakota Youth Wrestling Club Becomes a Multi-Million Dollar Gambling Operation as Other Nonprofits Cash in Too

In August, an employee of another nonprofit, the West Fargo Hockey Association, pleaded guilty to embezzling nearly $70,000 from the gaming proceeds of that organization.