Feds Reportedly Looking Into GOP Sen. Corker’s Personal Finances

FILE - In this Feb. 15, 2014 file photo, U.S. Sen. Bob Corker speaks to reporters in Chattanooga, Tenn. about the defeat of the United Auto Workers in a three-day election at the Volkswagen plant in the city. Friday,... FILE - In this Feb. 15, 2014 file photo, U.S. Sen. Bob Corker speaks to reporters in Chattanooga, Tenn. about the defeat of the United Auto Workers in a three-day election at the Volkswagen plant in the city. Friday, Feb. 28, 2014, marks the end of the two-week period within which U.S. Sen. Bob Corker promised Volkswagen would announce another line at its factory in Tennessee if workers there rejected representation by the United Auto Workers union. So far there's little sign of any pending announcement. (AP Photo/Erik Schelzig, File) MORE LESS
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Both the FBI and the Securities and Exchange Commission are looking into Sen. Bob Corker’s (R-TN) personal finances, the Wall Street Journal reported Tuesday.

The scrutiny reportedly stems from Corker’s stock transactions with CBL & Associates Properties Inc., a leading developer of shopping centers and malls, from which he earned millions of dollars. Anonymous officials familiar with the investigation told the newspaper the probe is focused on alleged accounting fraud at CBL; they said they they’ve found no evidence Corker committed any wrongdoing.

As the newspaper reported last fall, Corker failed to report millions in assets and income on his annual financial disclosure forms since coming to the Senate in 2007. He revised several years’ worth of disclosure reports after the WSJ inquired about the inconsistencies in his finances.

The senator’s spokeswoman, Micah Johnson, blamed a complaint filed with the SEC by advocacy group Campaign for Accountability for the feds looking into Corker’s finances.

“A politically motivated special interest group that refuses to disclose its donors continues to make baseless charges against Senator Corker, and we know that any effort to examine his actions will result in their smear campaign being discredited,” Johnson said in a statement provided to Politico.

Politico reported that Corker worked for a CBL contractor after college and has accepted campaign donations from senior executives at the company, to whom he has close ties.

Corker serves as the chairman of the Senate Foreign Relations Committee and a senior member of the Senate Banking Committee. He is rumored to be the short list for Donald Trump’s vice presidential pick, and met with the presumptive GOP nominee for an extended conversation on Monday.

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Notable Replies

  1. Avatar for korvu korvu says:

    Just to be clear. A spokesman for a Republican is whining about a special interest group that doesn’t disclose its donors.

  2. Avatar for dnl dnl says:

    Newest addition to the donnie’s VP list…

  3. Avatar for lew lew says:

    “Irony can be pretty ironic sometimes”

    WIlliam Shatner, Airplane II

  4. Oh Boy! Possible illegal insider trading. He’ll be perfect as a VP for Donald “the draft dodging coward” Trump.

  5. So, it appears to be OK for a Senator to profit on insider knowledge of a stock, unless the stock is being manipulated by other forces as well. Got it.

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