Political Quotes

On the recordFebruary 2, 2012
No, the local official has not committed a Federal offense in the hypothetical you describe. Criminal liability under Federal law only exists if the official knowingly fails to disclose the interest and further intentionally acts to benefit that financial interest and does so with the fraudulent intent required of the mail and wire fraud statute. In the hypothetical you describe, there is no fraud and therefore no criminal activity.
Said by
Patrick Leahy
Democratic · Vermont
Source
govinfo.gov
Feb 2, 2012

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