Uncategorized

Lazio Implicated in Shady Stock Deal

New York Republican Senate candidate Rick Lazio accused Hilary Rodham Clinton of using her political influence to initiate and expose a Securities and Exchange Commission probe of a 1997 securities deal from which he profited. Executives from Quick and Reilly, the brokerage firm involved, were some of Lazio’s congressional campaign contributors. Lazio, says the Washington Post, purchased stock options in Quick and Reilly and then sold them at a great profit on the same day the firm was bought out by a larger company. Lazio has denied any misconduct in the incident.

Sources:

The Washington Post - 24 June 2000