FTCR Releases Documents Indicating Cox Involvement in Investor Scam
Santa Monica, CA — The nonpartisan Foundation for Taxpayer and Consumer Rights (FTCR) called on the Senate Banking, Housing and Urban Affairs Committee to recall Representative Chris Cox for further questioning after uncovering evidence which suggests omissions and potential perjury in Cox’s testimony yesterday as President Bush‘s nominee to chair the Securities and Exchange Commission (SEC). During his testimony, Cox omitted important facts about the extent of his involvement with a web of companies that perpetrated a $130 million fraud on small investors, and he falsely stated that there was no settlement of the case related to the fraud in which he was a named defendant, according to a letter sent by FTCR today.
In its letter to Senators, FTCR writes:
“There are documents that exist that contradict Cox’s testimony before your committee. The attorneys who presented these documents were under the strictest obligations to provide truthful information. There was an eventual settlement of the case against Representative Cox and we have no reason to believe that the documents referenced [in the letter] above do not exist.
“It is your obligation to find and review these documents and recall Representative Cox to your Committee in order to fully understand the depth of his involvement in this scandal and the possibility that he perjured himself before your committee in yesterday’s testimony.”