George Allen: the Insider

It's all about disclosure. Something Gerge Allen fails to understand.

After George Allen stepped down as Governor of Virginia, he became a director of Xybernaut. Allen was later elected to the United States Senate and asked the Army to settle a matter for Xybernaut. Allen owned stock in the company at the time.

The senator said he saw no conflict in going to work for companies shortly after assisting them as governor. "I actually got no money out of Xybernaut. I got paid in stock options, which were worthless."

Xybernaut's portfolio does suck. Allen doesn't seem to understand that he is suppose to notify Senate Ethics Committee of potential conflicts of interests. Twice he failed to notify Securities and Exchange Commission of insider trading while director of Xybernaut and Commonwealth. That isn't a record that gives confidence to Allen's ethics.