State subpoenas 30 business elite on allegations insiders 'dumped' $71 million in stock
Well, well, well...Mitch Daniels resigns from his position as the Bush misadministration's budget director the day before the story breaks that he and other members of "Indiana's financial elite" are being investigated for - you got it - insider trading.
'State regulators are issuing subpeonas to a "who's who" of the Indianapolis business community over the sale of shares in IPALCO Enterprises about the time the utility company was sold in 2001. The Indiana Securities Division on Friday sent the requests for information to about 30 former IPALCO officers and directors, The Indianapolis Star has learned.
'They include former IPALCO director Mitch Daniels, who is now pResident Bush's budget director. Daniels, who sold about $1.45 million in IPALCO stock in January 2001, on Tuesday announced he is resigning the federal post, leading to speculation he will run for governor.'
May 7, 2003
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