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Company associated with chair of white-collar crime panel subject of fraud investigation

Man alive! You can't make up ironies like this one:The chair of the White Collar Crime Subcommittee of the Texas House Criminal Jurisprudence Committee is affiliated with a company that's been accused of securities fraud by state and federal white-collar crime investigators, Texas Monthly's Nate Blakeslee reports. Nate poses the question thusly: "How does a man like Allen Fletcher, a retired police sergeant who spent years heading a white-collar-crimes unit at the Houston Police Department, find himself in business with a group of alleged con artists?" Ouch!It's too early to speculate whether placing Fletcher in charge of white collar crime policy amounted to putting a fox in charge of the henhouse: But I'll bet if Chairman Gallego had known this backstory when he made the appointment he would have chosen someone else...continue to full post

Full post as published by Grits for Breakfast on May 04, 2009 (boomark / email).