EXCLUSIVE: RepFranklin's decision to sell thousands of dollars worth in Apple stock as the DOJ accelerated its antitrust investigation into the tech giant has been slammed by watchdogs. Franklin sold up to $50,000 in shares of Apple.
On Feb. 15, Rep. Scott Franklin sold up to $50,000 in shares of Apple, a company that regulators have scrutinized amid monopoly concerns, according to a financial disclosure. That same day, it was reported by the Wall Street Journal that the DOJ was escalating its long-running antitrust investigation into Apple by assigning more litigators to review company documents."Rep.
Sources familiar with the matter told the Wall Street Journal on Feb. 15 that the DOJ has looked at looping Jonathan Kanter, assistant U.S. attorney general for the department's Antitrust Division, into the Apple inquiry. Kanter was cleared by the DOJ to oversee antitrust cases involving Alphabet, Google's parent company, the outlet reported in mid-January.
Read claimed that the sales were in no way in connection to the DOJ's antitrust investigation into Apple. Still, one right-leaning watchdog group said that types of transactions like that of Franklin's cause people"to question the motivation of our elected officials."
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