The Securities and Exchange Commission has subpoenaed Senate Majority Leader Bill Frist (R-TN) in their investigation of his stock sale.Sen Frist sold all of his HCA Inc stock just two weeks before a dramatic drop in share prices. His family had founded the company. The Senator is expected to testify under oath as the investigation proceeds. (WashPost)
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The good doctor now may have the opportunity to use his medical skills in the federal prison clinic. At the very least, Frist should have the decency to step down as leader of his party although he does fit the ethical standards of corporate Republicanism very well. Under the circumstances, Frist can hardly represent the interests of his Tennessee constituents and it would be appropriate for him to surrender the U.S. Senate seat along with a public apology. In addition, to Frist's long-standing deception as his relationship with HCA, it should be noted that this "family" business has engaged in a pattern of fraudulent conduct. For documentation about HCA's history which includes Medicare and Medicaid fraud, check out this link http://tinyurl.com/bdbk7 and read about the unethical and criminal conduct of the Frist "family" business.
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