Doug Heller Thu Jul 28, 5:31 PM ET
Huffington Post
When Rep. Chris Cox testified before the Senate Banking Committee about his nomination to head the SEC on Tuesday, he seems to have scooted over the honesty line.
The Foundation for Taxpayer and Consumer Rights called on the Committee to go after a recently revealed series of documents about Cox's involvement in a massive investment scheme and to recall Cox for further questioning to determine whether or not he lied about his involvement to the Committee.
...
"I did preliminary work on a small SEC-registered public offering...
I had the entirety of the complaint dismissed against me, and there was no settlement of the matter either. I prevailed on the claim in the court."
This statement was made under oath and was false in two respects and misleading in its entirety. First, his work with the firm was far more extensive than a mere preliminary draft, according to a recently revealed court filing (download from this page). The filing, which reveals what lawyers uncovered about Cox during discovery, indicates that Cox was deeply involved with the web of companies and executives perpetrating the fraud. Second, it has been reported that Cox was only dropped from the law suit when his law firm - which did settle with scam victims - agreed to accept liability for Cox's actions.
...
http://news.yahoo.com/s/huffpost/004832
The Senate Banking Committee passed Cox's confirmation on the the full Senate today. Will any Senator stand up and request a debate on his nomination tomorrow? If not, he will probably take office this week.
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