WASHINGTON (AP) — The former director of the government's pension agency invoked the Fifth Amendment on Wednesday when senators probed allegations that he had improper contacts with Wall Street firms while running the operation, which insures the pensions of one in seven Americans.
Charles E.F. Millard has previously denied that he was party to inappropriate phone calls and e-mails with firms that recently won multimillion-dollar contracts to advise the agency on a new strategy to invest its assets more heavily in stocks, real estate and private equity rather than more conservative securities. Six senior members of the Senate, however, have asked the Justice Department for an independent review.Read on.
1 comment:
Smart move and others will do the same. It's a guilty man's way out.
Now GW will think taking the 5th means alcohol but then he's a drunk and doesn't know better.
Post a Comment