Jasmine Crockett Faces Ethics Complaint Over Undisclosed Stocks
Representative Jasmine Crockett (D., Texas) is under scrutiny for allegedly hiding stock ownership in at least 25 companies from her congressional financial disclosures, according to a complaint revealed by the Washington Free Beacon.
Background on Stock Holdings
While serving as a Texas state lawmaker in 2021, Crockett reported owning shares in 28 firms spanning pharmaceuticals, fossil fuels, technology, automobiles, and marijuana industries. However, when filing her congressional disclosures for the same year, she excluded 25 of these holdings.
Potential Conflict of Interest
The omitted stocks include shares in companies that could financially benefit from legislation she introduced in Congress.
Complaint by Watchdog Group
The Foundation for Accountability and Civic Trust (FACT), a nonpartisan organization, filed the ethics complaint with the Office of Congressional Conduct. FACT suggests Crockett’s incomplete disclosures might violate the Ethics in Government Act, which imposes penalties for knowingly false financial reporting.
“When Members of Congress fail to accurately and fully disclose their financial interests, it undermines the integrity of our government and erodes the public’s trust,” said FACT Executive Director Kendra Arnold.
Legal Implications
If found guilty under the Ethics in Government Act, politicians can face imprisonment for intentionally submitting false financial disclosures.
Summary: Jasmine Crockett’s omission of significant stock holdings on congressional disclosures has triggered an ethics complaint alleging a breach of federal transparency laws.
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