Sen. George Allen sold his support and votes to companies that rewarded him with stock options and then failed to report those stock holdings as required by law.
Allen’s illegal actions place him in direct violation of Securities and Exchange Commission regulations and the rules of the U.S. Senate as well as federal laws that prohibit elected officials from accepting bribes.
An investigation into Allen by The Associated Press shows Allen cashed in on contacts he made as governor of Virginia, receiving appointments to boards and receiving stock options as rewards. He then rewarded those companies with support and votes after becoming a U.S. Senator.
Allen, whose campaign has stumbled this year because of his history of racist comments, now may face criminal charges for more serious misdeeds.