Why is the Xybernaut story getting so little play? Is it a legal violation?

By: GeorgeAllenVa
Published On: 10/16/2006 11:45:57 AM

Allen owns options on 110,000 shares of Xybernaut, which he doesn't disclosure. Meanwhile, he writes the Pentagon asking them to expedite a decision on a contract for Xybernaut.
  If that's not illegal, what is? Forget that Allen took Xybernaut execs on a trade mission when he was governor or was on the board of directors between being governor and senator. Forget even that his law firm collected hundreds of thousands of dollars in billings.

Comments



Um....how? (phriendlyjaime - 10/16/2006 2:41:03 PM)
there's nothing here.


Where is the George Allen Xybernaut story? (GeorgeAllenVa - 10/26/2006 10:58:47 PM)
  I think Allen may have broken the law. Not because he took Xybernaut officials on a trade mission abroad while he was governor. Not because he accepted a seat on the firm's board of directors and his law firm got hundreds of thousands of dollars annually in billings from Xybernaut during his two years in private life. Not because he was paid hundreds of thousands by the law firm. Not because Xybernaut gave him options on 110,000 shares of stock, which he failed to disclose on his Senate finance reports for years. Not even because the company went bankrupt leaving shareholders filing class action suits alleging that Xybernaut officials, who contributed generously to Allen's campaigns, were engaged in self-dealing and lying about the company's status.
  The possibly illegal act, I believe, is that he wrote a letter to the Pentagon asking officials to act on Xybernaut's request for a contract while he held the options. I'd love to hear what Lanny Davis and some of the other Democratic election lawyers have to say about it. The letter was reported by the Washington Post about three weeks ago, but buried at the bottom of a story on B5. It didn't ask that the contract be approved, but it did ask that the contract requested be acted upon.
  Where are the lawyers?