John F. Kerry (who served in Viet Nam): Prescience or Insider Trading?
SMARTEST GUY IN THE ROOM
Failed Democratic presidential nominee Sen. John Kerry’s (D., Mass.) long history of ethically dubious investments could invite controversy as he takes on a new role as a “top surrogate” for President Obama’s reelection campaign.
Kerry’s net worth as listed on his 2011 financial disclosure form is at least $193 millionand likely much higher, making him the wealthiest member of the Senate. He is also a prolific investor, maintaining an array of stocks and other holdings through a mix of family trusts, marital trusts, and commingled fund accounts with his wife, Big Ketchup baroness Teresa Heinz.
The five-term Senator has a well-documented history of investing in companies that would benefit from policies he supports, as well as making conveniently timed and highly profitable trades coinciding with the passage of major legislation and, in some cases, the dissemination of privileged information.
For years, Kerry has invested millions in a number of green energy companies that have benefitted from the president’s efforts to aggressively subsidize the industry with taxpayer dollars.
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