Wall Street Journal Questions Investments by Sen. Bob Corker

Washington DC (WDEF) – Sen. Bob Corker has failed to report some profitable investments until recently, according to a Wall Street Journal report.

The report says Senator Corker only recently revealed a dozen stock purchases in CBL & Associates Properties, based in Chattanooga.

One of the unreported deals, involved a $1-5 million purchase of CBL shares in late 2011.

He sold them five months later for a 42% gain.

And the report claims he likely made another million from CBL stock purchases made in 2009 in the name of his daughters.

He only revealed them recently after the Wall Street Journal questioned him about apparent discrepancies in his Senate financial disclosure reports.

Ethics rules for Congress require lawmakers to disclose their investments each year.

Senator Corker blamed the mistake in filing errors by an accounting firm and is now trying to set the record straight.

There are no penalties for correcting the filings.

Categories: Government & Politics, Local News

Leave a Reply

Your email address will not be published. Required fields are marked *