Ex-FDA (Crawford) head held shares in regulated firms-paper (He LIED)

[UpInArms]

http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2005-10-26T115440Z_01_N26304595_RTRIDST_0_HEALTH-FDA-CRAWFORD.XML

WASHINGTON, Oct 26 (Reuters) - Former U.S. Food and Drug Commissioner Lester Crawford or his wife owned stock in companies regulated by the agency as late as 2004, the Wall Street Journal reported on Wednesday.

Crawford, who abruptly resigned his post in September, filed a financial disclosure form in June 2005 stating that he held shares in four companies until 2004 that ethics officers believed he had sold in early 2002, the report said.

The stocks in question are $15,001 and $50,000 holdings in Teleflex Inc. (TFX.N: Quote, Profile, Research) , Sysco Corp. (SYY.N: Quote, Profile, Research) Kimberly-Clark Corp. (KMB.N: Quote, Profile, Research) and Embrex Inc. (EMBX.O: Quote, Profile, Research) and a $50,001 and $100,000 holding in PepsiCo Inc. (PEP.N: Quote, Profile, Research)

The paper obtained the disclosure forms under the Freedom of Information Act.

<snip>

Unlike prior disclosures, the June form lacks an ethics official's signature. A signature would indicated that the information complied with laws and regulations, the paper reported.

...more...

[ajacobson]

1. I just read the WSJ article on this

snip..

In late September, Dr. Crawford announced he was leaving the FDA, following Senate confirmation in July after contentious debate. People with knowledge of the matter said his departure was tied to a stock holding he may have failed to fully disclose. The inspector general at the HHS is investigating the circumstances surrounding his departure.

snip..

More brush fires for BushCo, Inc.

[TomInTib]

2. Brother Lester claimed he was "too old" for the job. nt

[DeepModem Mom]

3. NYT: Ex-Head of F.D.A. or Wife Sold Stock in Regulated Area

Ex-Head of F.D.A. or Wife Sold Stock in Regulated Area
By GARDINER HARRIS
Published: October 27, 2005


Dr. Lester M. Crawford, the former commissioner of the Food and Drug Administration, or his wife sold shares in companies regulated by the agency in 2004, according to financial disclosure forms.

The sales may have played a role in Dr. Crawford's sudden resignation from the agency last month after only two months as its leader.

The latest disclosure form, signed by Dr. Crawford on June 28, shows that he or his wife sold shares in 2004 in companies including the Sysco Corporation, a large food supplier; Kimberly-Clark and Teleflex Inc., which have medical-products divisions; PepsiCo Inc. and Wendy's International, which sell food products; Wal-Mart Stores Inc., which includes pharmacies; and Embrex, an agriculture biotechnology company where Dr. Crawford was once a board member.

The value of the sales varied from $1,001 to $100,000, according to the form....

***

The Senate Health Education Labor and Pensions Committee asked the inspector general of the Department of Health and Human Services to examine the circumstances surrounding Dr. Crawford's resignation. It specifically asked that his financial reporting be examined....


http://www.nytimes.com/2005/10/27/politics/27fda.html

[Straight Shooter]

4. Fine. He can share a cell with Frist. n/t