October 13, 2005 /

Frist Gets A Subpoena!

Looks like trouble could be compounding for Bill Frist according to this article which appears today in the Washington Post: Senate Majority Leader Bill Frist (R-Tenn.) has been subpoenaed to turn over personal records and documents as federal authorities step up a probe of his July sales of HCA Inc. stock, according to sources familiar […]

Looks like trouble could be compounding for Bill Frist according to this
article which appears today in the

Washington Post
:

Senate Majority Leader Bill Frist (R-Tenn.) has been subpoenaed to turn
over personal records and documents as federal authorities step up a probe
of his July sales of HCA Inc. stock, according to sources familiar with the
investigation.

The Securities and Exchange Commission issued the subpoena within the
past two weeks, after initial reports that Frist, the Senate’s top
Republican official, was under scrutiny by the agency and the Justice
Department for possible violations of insider trading laws.

Frist aides previously said he had been contacted by regulators but did
not mention that the lawmaker had received a formal request for documents.
The sources, who spoke on condition of anonymity because of the
investigation, said Frist is expected to testify under oath about what he
knew about the company’s health in the weeks before he sold stock. Frist has
told reporters that he did nothing wrong and that he directed the sale to
eliminate potential conflicts as he considered a 2008 presidential bid.

View rest of the article

here
(free registration required).

As this investigation broadens, it will raise the question of how the right
can put blame onto the left. Ken Mehlman talking points should be really
interesting when it comes to this story.

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