Rick Perry Faced Federal Scrutiny For Insider Trading, Criticism For Land Deals

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WASHINGTON -- Since announcing his run for the presidency, Texas Governor Rick Perry (R) has had to fend off allegations of crony capitalism. Such critiques have revealed the governor's easy relationships with lobbyists, and his awarding campaign donors government contracts and influential positions on state boards. But Perry has also personally profited from these same relationships. His own deal making has helped him become a millionaire, and it has not gone unnoticed.

In the late '90s, federal law enforcement authorities investigated allegations that Perry had engaged in insider trading, sources involved in the inquiry tell The Huffington Post.

On Jan. 24, 1996, Perry purchased 2,800 shares of stock in a company, Kinetic Concepts, Inc., owned by a San Antonio businessman soon to be one of Perry's top donors, James Leininger. It was great timing. Later that day, a group of investors bought up 2.2 million shares in the company, sending the price soaring and netting Perry a nice gain.

http://www.huffingtonpost.com/2011/09/30/rick-perry-insider-trading-land-deals_n_988207.html

[Jane Austin]

1. Don't know if you have Promised Land dairy products where you live,

but they are also owned by the same San Antonio businessman and top Perry donor James Leininger.

Promised Land milks and creams are attractively packaged in old-timey looking milk bottles, which makes them look like they are from the same era as Leininger's social views.