Inside trading probe is looking into the affairs of the Representative from Alabama
The name Spencer Bachus has become synonymous with often outrageous anti-online gambling statements, but just lately the Republican Party representative for Alabama and House financial services committee chair perhaps has other things on his mind.
Our readers will remember the furore last year when it was alleged that some politicians were personally benefitting from inside knowledge on legislative matters in Congress, and Bachus was among those mentioned in a television investigative expose.
The Washington Post has since reported that the Office of Congressional Ethics launched a probe into the allegations, and that the enquiry includes "numerous suspicious trades on Bachus's annual financial disclosure forms."
Bachus has consistently denied any wrongdoing, and has reportedly said that he welcomes the opportunity to furnish the OCE with the information it has requested in order to set the record straight.