Allen Failed To Report Stock Options

[The River]

He is Soooooooo BUSTED!

RICHMOND, Va. - For the past five years, Sen. George Allen has failed to tell Congress about stock options he got for his work as a director of a high-tech company. The Virginia Republican also asked the Army to help another business that gave him similar options.

Congressional rules require senators to disclose to the Senate all deferred compensation, such as stock options. The rules also urge senators to avoid taking any official action that could benefit them financially or appear to do so.

more at link:
http://news.yahoo.com/s/ap/20061008/ap_on_el_se/allen_in_business;_ylt=AmPPkBJxkuhpSMF1JnrYw86s0NUE;_ylu=X3oDMTA3OTB1amhuBHNlYwNtdHM-

[Catchawave]

1. How stupid is this?

I mean, you're a brazillionaire, a U.S. Senator, and you still need to "cheat" on your taxes?

:banghead:

[unblock]

5. not taxes, just congressional disclosure rules

at least, i haven't seen anything that suggests he didn't tell the irs everything he was supposed to.

[Catchawave]

2. Hey, 3 more votes and we can get Virginia

on the DU Greatest Page :toast: Would that be a first?

[LetsThink]

3. What Else Can be Expected from Someone so Arrogant......?

.......Why bother following rules or even laws ?

[PDittie]

4. My God. He is so finished.

I don't think I've ever seen such a complete and total meltdown.

[samsingh]

6. more gop corruption

[LetsThink]

7. What was the value of those options? Somewhr I read $1.1 million.....

as one possible value. It seems that Bloomberg finance or some other organization offered an opinion that the options could be worth a lot more than 'nothing' as Senator A argued to the press, when 'caught'.