Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:07):
It's seven oh six here at fifty five panacy E
talk station. By the time, I was wishing everyone a
happy Tuesday the extent you can make it happy. In studio,
mister numbers man himself, Todd's endser. He's all over multiple
topics here in the Tri State, and most ugly, it
looks like a Shenanigan's declaration. That's my phrasing. That was
gonna be talking about and breaking down the allegations against
(00:29):
Greg Landsman about his stock purchases which he did not disclose,
apparently pursuing to the Stocked Act. The Stock Acts stopped
trading on Congressional Knowledge Act. Todd's good to have you
in studio, man, it's good to see you again. Thank you.
Speaker 2 (00:42):
Brian, It's good to be back.
Speaker 1 (00:43):
And I will call this a Shenanigan's declaration. You're a
little perturbed that Greg Landsman apparently trading uh in stocks
notwithstanding what he's campaigning on. I know you're going to
get to get to that, but I know it was
reported in I guess the Washington Free Beacon or elsewhere
that he's invested in some of the most profitable companies
of all time while he campaigns against the very corporations
(01:06):
that he has invested in, again without disclosing these transactions
under the Stock Act. Let's talk about this first off,
the Stock Act. What are the obligations under the Stock
Act to disclose these financial transactions?
Speaker 2 (01:18):
Well, Brian, I was actually when I was working in DC,
I had to follow the Stock Act because the Stock
Act applies not only to Congress but members of the
certain members of the executive Branch.
Speaker 1 (01:29):
A topic about which you have familiarity, of course.
Speaker 2 (01:33):
In fact, for the executive Branch, you had to report
anytime somebody talked to you about a job like in
the private sector. Oh really, yeah, you had to disclose
that also, and you have to do it timely. The
idea is to get this information to the public in
a timely way. So for members of Congress, when they
buy or sell shares of stock, they have thirty days.
(01:56):
If they do it personally, they have thirty days to
report it publicly on a form prescribed by the Ethics Committee.
Speaker 1 (02:02):
And you say, if they do that personally, meaning they
personally ordered the trade, as opposed to having an independent investor.
Speaker 2 (02:09):
Right they called Charles Schwab, And they do with themselves.
If somebody else does it. They have forty five days
to report it, and no matter what, it should be
reported in forty five days. Now, mister Landsman had transactions
and he didn't disclose them for twenty months, not forty.
Speaker 1 (02:31):
Five days, and in much much of that period of
time included the campaign time.
Speaker 2 (02:37):
Absolutely he disclosed finally disclosed in August, this past August,
transactions that he had made dating back to his first
couple of weeks in Congress, oh in twenty twenty three.
And what happens is his violations are reviewed by the
(03:01):
Ethics Committee for those specific infractions. And the Ethics Committee
is an interesting body in and of itself. And there's
a two hundred dollars penalty for failing to disclose timely.
And if you take the transactions that mister Landsman failed
(03:22):
to report timely, which were at least eighty seven, you
multiply that by two hundred and you get almost eighteen
thousand dollars. Now, the Ethics Committee has a habit or
a practice of kind of forgiving a lot of this stuff.
But the issue with mister Landsman is that there are
(03:45):
circumstances that make it look like he willfully failed to
comply with the app.
Speaker 1 (03:50):
Yeah, this is the more intriguing element of it, and
it's because of his campaign platform, his promises, and his
his positions seemed to fly in the face of the
very stock transactions that he's engaged in.
Speaker 2 (04:03):
Right, he invested in companies like Apple, Google, Adobe, Navidia,
you know, some big, big time corporation. And the other
thing he campaigns against is billionaires, and he claims that
he's with us, not billionaires. Meanwhile, these companies he's investing
(04:28):
in were founded by some of the wealthiest billionaires in
the nation. So I just I just don't think that
the voters should go to the polls without understanding what
mister Landsman has done here. And I think that if
the only opportunity you have to hold members of Congress
(04:51):
accountable for their actions is during an election.
Speaker 1 (04:56):
Well, yes, and this is I think the way you
would characterize it when we were off. He's not walking
the walk. He's talking to talk being anti pharmaceutical and
anti oil. But then again, those are some of the
investments that you specifically point out on the complaint that
he has investments in. That's correct and did not disclose.
Speaker 2 (05:14):
That's correct. And then you also have to add the
element of the purpose of the Stock Act. The purpose
of the Stock Act was a response to allegations of
insider trading by various members of Congress, and the Stock
Act was enacted in twenty twelve and it's been amended
(05:39):
a couple of times since then. But the whole idea
was to put in place a safeguard to discourage or
to protect against members of Congress using confidential information that
they pick up during their Congressional hearings or whatever the
case may be, or briefings, to guard against them using
that information to profit.
Speaker 1 (06:01):
Which is how many of them go to Washington poor
or at least not multimillionaires, but then leave DC after
any number of terms coming back multimillionaires. It happens all
the time.
Speaker 2 (06:12):
Yeah, it's an unbelievable phenomen it is.
Speaker 1 (06:15):
It's just frightening. The corruption is just on full display
right then and there. I mean, it's Republicans as Democrats,
it's anybody in Congress has access to all this information.
Speaker 2 (06:25):
So you can't accuse mister Lambsman of insider trading, but
he definitely defeated the safeguard that Congress has put in
place to guard against insider trading and what.
Speaker 1 (06:38):
We call in the law the appearance of impropriety. They're
supposed to hold themselves up to high standards, so it
does not besmirch the name of Congress in the eyes
of the people. And this is a factor that one
would consider and whether he's doing that or not.
Speaker 2 (06:51):
That's correct. Now, if it had been one or two
or three reports that he didn't file timely, that'd be
a different story.
Speaker 1 (06:59):
But just sheer number.
Speaker 2 (07:00):
He's got eleven or twelve pages of transactions that he
failed to disclose for practically his whole term.
Speaker 1 (07:10):
What's his explanation for this?
Speaker 2 (07:12):
The only well, he had two explanations. One came from
a spokesperson. It wasn't really an explanation. It said, as
soon as he learned of these transactions, he filed. Well,
I'm not so sure about that.
Speaker 1 (07:24):
Now. Is it your assertion that he personally directed these
trades or is this something that was done on his
behalf by an investment company or a financial plan or advisor.
Speaker 2 (07:34):
Yeah, I don't believe he personally made them. It's possible
that his wife made them or his investment advisor. But
the way the law is written, it doesn't really matter
who made them see when he became a member of Congress,
within sixty days, he was required to undergo or go
through an ethics briefing. Right, the ethics briefing is going
(07:56):
to cover all these topics, including the Stock Act. Well,
during that sixty days, he's trading stocks left and right.
He's got twenty five transactions during his first two during
his first two months, and so we're supposed to believe
that he sits through training. Here's about the Stock Act
and his obligations, and it never occurs to him that, hey,
(08:18):
maybe I should look into this and set up a
protocol for my investors to tell me what's going on
so I can comply with the Act. Mmm.
Speaker 1 (08:29):
Shenanigans will pause, We'll bring Todds and the back talking
about some more of the details on these ops well
questionable trades. After I mentioned Prestesi Interiors, Presties Interior has
been improving the way families come together in the kitchen
for more than thirty years. Kitchen that's where you come
together for all of life's events big and small, like
canning over the weekend. Again, another weekend of canning in
(08:49):
the Thomas Kitchen, which was remodeled by pressed egon tiers.
Of course, John Ryan helped us out many years ago.
Just love what he did with our kitchen. It's the
heart of the home and you want it done right.
So that's what you get with John at Prestigianteririors. He
works with you from the beginning to the end. He
is a perfectionist to what he does, and of course
the amazing job he's done in my kitchen, I can
confidently recommend working with John. He's a real easy guy
(09:11):
to work with. He's got wonderful ideas with his more
than thirty years experience in kitchens. So big projects or
small projects, you're in the best possible hand, So visit
them online. That's Prestige one two three dot com. Prestige
one two three dot com. Tellm Brian Saidhi, when you
give him a call five one three two four seven
zero two two nine five one three two four seven
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five KRC the talk station.
Speaker 1 (10:31):
To Shire seven nineteen to fifty five kr CD talk station.
Brian Thomas with Todd's intern Studio talking about Craig Landsman
and the Stock Act, which obligates members of Congress to
if they trade themselves, to notify well the general public
by filing a former than thirty days, or if they
don't trade themselves, they got to let us know within
forty five days. Well, how come it took Greg Landsman,
(10:52):
what was it twenty months to unt twenty months to
file these And it's significant number you said, eighty seven transactions.
It's not just the number, it's that who he has
invested in or with flies in the face of his
campaign language about openness and being anti oil and greening
(11:13):
new deal and all that crap, but also his ongoing
class warfare attacks against those evil billionaires. Well, he's obviously
has confidence in those evil billionaires as a mechanism to
make money since he's invested in the evil billionaires companies. Yes,
not a dumb thing. You want to make some money,
that's where the money's to be made. So I'm happy
that there are billionaires, that billionaires out there providing jobs
(11:34):
as well as all I don't know, opportunities for us
to expand our portfolio and make money ourselves off of
their labor. Yeah.
Speaker 2 (11:41):
I don't think he's treating and voting public very very
well with that type of a campaign, given his experience
with the Stock Act.
Speaker 1 (11:50):
Well, yeah, and do you know you'd mentioned that the
Stock Act, of course, has been around for quite some time,
but that has been amended several times, presumably through congress action. Yes,
was he ever a vote, a vote in favor of
or against any modification to the Stock Act while he
was an elected capacity.
Speaker 2 (12:08):
No, But the way it works is at the beginning
of every term, the House votes, all members of the
House votes on the rules that the Congress is going
to that the House is going to follow for that term,
and that includes authorization or approval of the Office of
Congressional Ethics, which is charged with receiving complaints about all
(12:32):
of this material. So he has voted in favor of
putting in place the Office of Congressional Ethics, but he
hasn't had to vote on any provisions of the Ethics
and Government Act or the Stock Act.
Speaker 1 (12:48):
Well, can he claim ignorance to the Stock Act? I
know ignorance of the law has no excuse by going,
you know, stab somebody, and I claim not to know
that it's illegal to stab someone. That's not going to
get me out of being charged with crime. And now
it's not a criminal violation to violate the Stock Act.
It's a civil penalty of two hundred dollars. Yes, it is.
Speaker 2 (13:08):
But Brian, the Ethics and Government Act, which sets up
all the financial disclosure the Stock Act, is part of
the Ethics and Government Act, and that does have some
pretty serious penalties if you fail to file a wilfully.
So I think that that is kind of the issue
here is whether or not mister Landsman wilfully failed to
(13:31):
file these reports in a timely way.
Speaker 1 (13:34):
Well, again, going with his campaign strategy and his attacks,
it would behoove him to keep these types of trades
on the down low, in other words, not report them,
because it would obviously provide fodder for Orlando Sanza and
for the voters to hold them accountable.
Speaker 2 (13:50):
And here we are, the first day of early voting
and we're just starting to talk about this.
Speaker 1 (13:56):
Well, if he'd filed earlier than late August, I suppose
we might have been talking about it at the time, huh,
and more information would have gotten out. So todd, where
are we in terms of I guess the idea of
intentionally withholding the pivotal Men's ray a component is intent
knowingly not providing this information pursued to the Stock Act.
(14:18):
That's going to require some form of evidentiary hearing or
due process on it. For Greg Landsman, he's going to
have an opportunity to defend himself, I trust.
Speaker 2 (14:26):
Well, because of the circumstances, I thought it was serious
enough to file a complaint with the Office of Congressional
Ethics and that that's an interesting organization by itself, But
their process is very complicated. They have Democrats and Republicans
represented on the In the Office of Congressional Ethics, it's
(14:49):
kind of an intake for complaints against members and somebody
from each party has to approve or agree to look
into a complaint. So right now they should be reviewing
the complaint to see whether or not they want to
take it further. And you know, politics gets involved in
things like that.
Speaker 1 (15:08):
Oh yeah, Now, is there precedent for members of Congress
that have delayed in along these lines twenty months or
so in not providing the Stock Act require not meeting
the Stock Act requirements and what the Ethics Committee has
done in the past.
Speaker 2 (15:24):
Well, there are there are a lot of members over
the years that have failed to file timely. This past
year or this filing season, there were only eight, so
mister Lansman was one of eight. But I haven't really
going back through and looking at some of the members
who have been penalized for this, I haven't found anyone
(15:47):
that had filed or failed to file eighty seven reports.
Speaker 1 (15:51):
Oh so it's the number. It's significant in number.
Speaker 2 (15:54):
It is significant. Well, let me give you an example
when we Landsman, and this is another area where his
excuse or his explanation doesn't hold water. In his campaign
against Steve Shabbit, they criticized Steve Shabbit for failing to
file one disclosure report. And in that case, it was
(16:17):
a matter where a company that Shabbit invested in was
acquired by another company, and so that required a transaction
of mister Shabbit's shares from one corporation to another, and
he didn't know about it, but they made a lot
(16:38):
of hay about that during his campaign against Steve Shabbitt.
So that was just one and there was a lot
of even national media about that matter. Back in the
case with Steve Shabbitt, there were only three that failed
to disclose.
Speaker 1 (16:52):
Well, Todden, I note in your filing and you're notice
to the Ethics Committee also brought up his history of
circumventing public discs closure laws, going back to his time
with the Gang of Five where he obviously violated the
open meetings requirements.
Speaker 2 (17:06):
That's right, and in the business, prior occasions or prior
circumstances like that definitely need to be taken into consideration
when you're evaluating the current complaint. It's like having a
record exactly.
Speaker 1 (17:21):
Yeah.
Speaker 2 (17:22):
So I thought it was important to point that out
because you had a judge tell the Gang of Five
that they should resign, and he.
Speaker 1 (17:35):
Ever whole public office again. Yeah, and so look what
it got, Craig Landsman, I thought it was important to
let the committee know about that well. And I appreciate
your willingness to come into the morning show and let
my listeners know all about this. I didn't. I wasn't
aware of the details myself until you brought it to
my attention. So you're doing the public of service. We
need to evaluate our candidates, and you know, I can't
(17:58):
let this go without putting in a word for Orlando Sonza.
What I mean, a man of character and integrity, a
man who should be just I mean, he wiped the
I mean he'd kicked Greg Lansman's butt in that debate.
He came across so much more clear on the issues
and I think he even brought this particular matter up
when he was debating on Channel five. Yes, he did well,
(18:19):
taking to consideration Folk Orlandosanza dot com is the place
to be and I know Orlando could really use some
financial help as well. The Democrats are backing Landsman big.
He has got a lot of campaign dollars, doesn't he not?
Speaker 2 (18:30):
Yes, he does.
Speaker 1 (18:31):
So you're going to see a lot of Greg Landsman
because of he's got a lot of funding. But will
he be talking about the Stock Act? Will he be
talking about his failure to file and let you know
about all of the evil companies that he's invested in,
including those evil pharmaceutical and oil companies that he has
a piece of that he's out criticizing. Uh huh. Luctions
have consequences, folks, And there are people of character and
then there are well Greg Lansman. Todd Zenzer, thank you
(18:53):
so much for helping us out this morning and bringing
this to everybody's attention by filing the ethics complaint. I'm
glad you are on the job. Thank you, Brian my
pleasure man. You're always welcome here in the Morning Show
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It's seven oh six here at fifty five panacy E
talk station. By the time, I was wishing everyone a
happy Tuesday the extent you can make it happy. In studio,
mister numbers man himself, Todd's endser. He's all over multiple
topics here in the Tri State, and most ugly, it
looks like a Shenanigan's declaration. That's my phrasing. That was
gonna be talking about and breaking down the allegations against
(00:29):
Greg Landsman about his stock purchases which he did not disclose,
apparently pursuing to the Stocked Act. The Stock Acts stopped
trading on Congressional Knowledge Act. Todd's good to have you
in studio, man, it's good to see you again. Thank you.
Speaker 2 (00:42):
Brian, It's good to be back.
Speaker 1 (00:43):
And I will call this a Shenanigan's declaration. You're a
little perturbed that Greg Landsman apparently trading uh in stocks
notwithstanding what he's campaigning on. I know you're going to
get to get to that, but I know it was
reported in I guess the Washington Free Beacon or elsewhere
that he's invested in some of the most profitable companies
of all time while he campaigns against the very corporations
(01:06):
that he has invested in, again without disclosing these transactions
under the Stock Act. Let's talk about this first off,
the Stock Act. What are the obligations under the Stock
Act to disclose these financial transactions?
Speaker 2 (01:18):
Well, Brian, I was actually when I was working in DC,
I had to follow the Stock Act because the Stock
Act applies not only to Congress but members of the
certain members of the executive Branch.
Speaker 1 (01:29):
A topic about which you have familiarity, of course.
Speaker 2 (01:33):
In fact, for the executive Branch, you had to report
anytime somebody talked to you about a job like in
the private sector. Oh really, yeah, you had to disclose
that also, and you have to do it timely. The
idea is to get this information to the public in
a timely way. So for members of Congress, when they
buy or sell shares of stock, they have thirty days.
(01:56):
If they do it personally, they have thirty days to
report it publicly on a form prescribed by the Ethics Committee.
Speaker 1 (02:02):
And you say, if they do that personally, meaning they
personally ordered the trade, as opposed to having an independent investor.
Speaker 2 (02:09):
Right they called Charles Schwab, And they do with themselves.
If somebody else does it. They have forty five days
to report it, and no matter what, it should be
reported in forty five days. Now, mister Landsman had transactions
and he didn't disclose them for twenty months, not forty.
Speaker 1 (02:31):
Five days, and in much much of that period of
time included the campaign time.
Speaker 2 (02:37):
Absolutely he disclosed finally disclosed in August, this past August,
transactions that he had made dating back to his first
couple of weeks in Congress, oh in twenty twenty three.
And what happens is his violations are reviewed by the
(03:01):
Ethics Committee for those specific infractions. And the Ethics Committee
is an interesting body in and of itself. And there's
a two hundred dollars penalty for failing to disclose timely.
And if you take the transactions that mister Landsman failed
(03:22):
to report timely, which were at least eighty seven, you
multiply that by two hundred and you get almost eighteen
thousand dollars. Now, the Ethics Committee has a habit or
a practice of kind of forgiving a lot of this stuff.
But the issue with mister Landsman is that there are
(03:45):
circumstances that make it look like he willfully failed to
comply with the app.
Speaker 1 (03:50):
Yeah, this is the more intriguing element of it, and
it's because of his campaign platform, his promises, and his
his positions seemed to fly in the face of the
very stock transactions that he's engaged in.
Speaker 2 (04:03):
Right, he invested in companies like Apple, Google, Adobe, Navidia,
you know, some big, big time corporation. And the other
thing he campaigns against is billionaires, and he claims that
he's with us, not billionaires. Meanwhile, these companies he's investing
(04:28):
in were founded by some of the wealthiest billionaires in
the nation. So I just I just don't think that
the voters should go to the polls without understanding what
mister Landsman has done here. And I think that if
the only opportunity you have to hold members of Congress
(04:51):
accountable for their actions is during an election.
Speaker 1 (04:56):
Well, yes, and this is I think the way you
would characterize it when we were off. He's not walking
the walk. He's talking to talk being anti pharmaceutical and
anti oil. But then again, those are some of the
investments that you specifically point out on the complaint that
he has investments in. That's correct and did not disclose.
Speaker 2 (05:14):
That's correct. And then you also have to add the
element of the purpose of the Stock Act. The purpose
of the Stock Act was a response to allegations of
insider trading by various members of Congress, and the Stock
Act was enacted in twenty twelve and it's been amended
(05:39):
a couple of times since then. But the whole idea
was to put in place a safeguard to discourage or
to protect against members of Congress using confidential information that
they pick up during their Congressional hearings or whatever the
case may be, or briefings, to guard against them using
that information to profit.
Speaker 1 (06:01):
Which is how many of them go to Washington poor
or at least not multimillionaires, but then leave DC after
any number of terms coming back multimillionaires. It happens all
the time.
Speaker 2 (06:12):
Yeah, it's an unbelievable phenomen it is.
Speaker 1 (06:15):
It's just frightening. The corruption is just on full display
right then and there. I mean, it's Republicans as Democrats,
it's anybody in Congress has access to all this information.
Speaker 2 (06:25):
So you can't accuse mister Lambsman of insider trading, but
he definitely defeated the safeguard that Congress has put in
place to guard against insider trading and what.
Speaker 1 (06:38):
We call in the law the appearance of impropriety. They're
supposed to hold themselves up to high standards, so it
does not besmirch the name of Congress in the eyes
of the people. And this is a factor that one
would consider and whether he's doing that or not.
Speaker 2 (06:51):
That's correct. Now, if it had been one or two
or three reports that he didn't file timely, that'd be
a different story.
Speaker 1 (06:59):
But just sheer number.
Speaker 2 (07:00):
He's got eleven or twelve pages of transactions that he
failed to disclose for practically his whole term.
Speaker 1 (07:10):
What's his explanation for this?
Speaker 2 (07:12):
The only well, he had two explanations. One came from
a spokesperson. It wasn't really an explanation. It said, as
soon as he learned of these transactions, he filed. Well,
I'm not so sure about that.
Speaker 1 (07:24):
Now. Is it your assertion that he personally directed these
trades or is this something that was done on his
behalf by an investment company or a financial plan or advisor.
Speaker 2 (07:34):
Yeah, I don't believe he personally made them. It's possible
that his wife made them or his investment advisor. But
the way the law is written, it doesn't really matter
who made them see when he became a member of Congress,
within sixty days, he was required to undergo or go
through an ethics briefing. Right, the ethics briefing is going
(07:56):
to cover all these topics, including the Stock Act. Well,
during that sixty days, he's trading stocks left and right.
He's got twenty five transactions during his first two during
his first two months, and so we're supposed to believe
that he sits through training. Here's about the Stock Act
and his obligations, and it never occurs to him that, hey,
(08:18):
maybe I should look into this and set up a
protocol for my investors to tell me what's going on
so I can comply with the Act. Mmm.
Speaker 1 (08:29):
Shenanigans will pause, We'll bring Todds and the back talking
about some more of the details on these ops well
questionable trades. After I mentioned Prestesi Interiors, Presties Interior has
been improving the way families come together in the kitchen
for more than thirty years. Kitchen that's where you come
together for all of life's events big and small, like
canning over the weekend. Again, another weekend of canning in
(08:49):
the Thomas Kitchen, which was remodeled by pressed egon tiers.
Of course, John Ryan helped us out many years ago.
Just love what he did with our kitchen. It's the
heart of the home and you want it done right.
So that's what you get with John at Prestigianteririors. He
works with you from the beginning to the end. He
is a perfectionist to what he does, and of course
the amazing job he's done in my kitchen, I can
confidently recommend working with John. He's a real easy guy
(09:11):
to work with. He's got wonderful ideas with his more
than thirty years experience in kitchens. So big projects or
small projects, you're in the best possible hand, So visit
them online. That's Prestige one two three dot com. Prestige
one two three dot com. Tellm Brian Saidhi, when you
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Speaker 1 (10:31):
To Shire seven nineteen to fifty five kr CD talk station.
Brian Thomas with Todd's intern Studio talking about Craig Landsman
and the Stock Act, which obligates members of Congress to
if they trade themselves, to notify well the general public
by filing a former than thirty days, or if they
don't trade themselves, they got to let us know within
forty five days. Well, how come it took Greg Landsman,
(10:52):
what was it twenty months to unt twenty months to
file these And it's significant number you said, eighty seven transactions.
It's not just the number, it's that who he has
invested in or with flies in the face of his
campaign language about openness and being anti oil and greening
(11:13):
new deal and all that crap, but also his ongoing
class warfare attacks against those evil billionaires. Well, he's obviously
has confidence in those evil billionaires as a mechanism to
make money since he's invested in the evil billionaires companies. Yes,
not a dumb thing. You want to make some money,
that's where the money's to be made. So I'm happy
that there are billionaires, that billionaires out there providing jobs
(11:34):
as well as all I don't know, opportunities for us
to expand our portfolio and make money ourselves off of
their labor. Yeah.
Speaker 2 (11:41):
I don't think he's treating and voting public very very
well with that type of a campaign, given his experience
with the Stock Act.
Speaker 1 (11:50):
Well, yeah, and do you know you'd mentioned that the
Stock Act, of course, has been around for quite some time,
but that has been amended several times, presumably through congress action. Yes,
was he ever a vote, a vote in favor of
or against any modification to the Stock Act while he
was an elected capacity.
Speaker 2 (12:08):
No, But the way it works is at the beginning
of every term, the House votes, all members of the
House votes on the rules that the Congress is going
to that the House is going to follow for that term,
and that includes authorization or approval of the Office of
Congressional Ethics, which is charged with receiving complaints about all
(12:32):
of this material. So he has voted in favor of
putting in place the Office of Congressional Ethics, but he
hasn't had to vote on any provisions of the Ethics
and Government Act or the Stock Act.
Speaker 1 (12:48):
Well, can he claim ignorance to the Stock Act? I
know ignorance of the law has no excuse by going,
you know, stab somebody, and I claim not to know
that it's illegal to stab someone. That's not going to
get me out of being charged with crime. And now
it's not a criminal violation to violate the Stock Act.
It's a civil penalty of two hundred dollars. Yes, it is.
Speaker 2 (13:08):
But Brian, the Ethics and Government Act, which sets up
all the financial disclosure the Stock Act, is part of
the Ethics and Government Act, and that does have some
pretty serious penalties if you fail to file a wilfully.
So I think that that is kind of the issue
here is whether or not mister Landsman wilfully failed to
(13:31):
file these reports in a timely way.
Speaker 1 (13:34):
Well, again, going with his campaign strategy and his attacks,
it would behoove him to keep these types of trades
on the down low, in other words, not report them,
because it would obviously provide fodder for Orlando Sanza and
for the voters to hold them accountable.
Speaker 2 (13:50):
And here we are, the first day of early voting
and we're just starting to talk about this.
Speaker 1 (13:56):
Well, if he'd filed earlier than late August, I suppose
we might have been talking about it at the time, huh,
and more information would have gotten out. So todd, where
are we in terms of I guess the idea of
intentionally withholding the pivotal Men's ray a component is intent
knowingly not providing this information pursued to the Stock Act.
(14:18):
That's going to require some form of evidentiary hearing or
due process on it. For Greg Landsman, he's going to
have an opportunity to defend himself, I trust.
Speaker 2 (14:26):
Well, because of the circumstances, I thought it was serious
enough to file a complaint with the Office of Congressional
Ethics and that that's an interesting organization by itself, But
their process is very complicated. They have Democrats and Republicans
represented on the In the Office of Congressional Ethics, it's
(14:49):
kind of an intake for complaints against members and somebody
from each party has to approve or agree to look
into a complaint. So right now they should be reviewing
the complaint to see whether or not they want to
take it further. And you know, politics gets involved in
things like that.
Speaker 1 (15:08):
Oh yeah, Now, is there precedent for members of Congress
that have delayed in along these lines twenty months or
so in not providing the Stock Act require not meeting
the Stock Act requirements and what the Ethics Committee has
done in the past.
Speaker 2 (15:24):
Well, there are there are a lot of members over
the years that have failed to file timely. This past
year or this filing season, there were only eight, so
mister Lansman was one of eight. But I haven't really
going back through and looking at some of the members
who have been penalized for this, I haven't found anyone
(15:47):
that had filed or failed to file eighty seven reports.
Speaker 1 (15:51):
Oh so it's the number. It's significant in number.
Speaker 2 (15:54):
It is significant. Well, let me give you an example
when we Landsman, and this is another area where his
excuse or his explanation doesn't hold water. In his campaign
against Steve Shabbit, they criticized Steve Shabbit for failing to
file one disclosure report. And in that case, it was
(16:17):
a matter where a company that Shabbit invested in was
acquired by another company, and so that required a transaction
of mister Shabbit's shares from one corporation to another, and
he didn't know about it, but they made a lot
(16:38):
of hay about that during his campaign against Steve Shabbitt.
So that was just one and there was a lot
of even national media about that matter. Back in the
case with Steve Shabbitt, there were only three that failed
to disclose.
Speaker 1 (16:52):
Well, Todden, I note in your filing and you're notice
to the Ethics Committee also brought up his history of
circumventing public discs closure laws, going back to his time
with the Gang of Five where he obviously violated the
open meetings requirements.
Speaker 2 (17:06):
That's right, and in the business, prior occasions or prior
circumstances like that definitely need to be taken into consideration
when you're evaluating the current complaint. It's like having a
record exactly.
Speaker 1 (17:21):
Yeah.
Speaker 2 (17:22):
So I thought it was important to point that out
because you had a judge tell the Gang of Five
that they should resign, and he.
Speaker 1 (17:35):
Ever whole public office again. Yeah, and so look what
it got, Craig Landsman, I thought it was important to
let the committee know about that well. And I appreciate
your willingness to come into the morning show and let
my listeners know all about this. I didn't. I wasn't
aware of the details myself until you brought it to
my attention. So you're doing the public of service. We
need to evaluate our candidates, and you know, I can't
(17:58):
let this go without putting in a word for Orlando Sonza.
What I mean, a man of character and integrity, a
man who should be just I mean, he wiped the
I mean he'd kicked Greg Lansman's butt in that debate.
He came across so much more clear on the issues
and I think he even brought this particular matter up
when he was debating on Channel five. Yes, he did well,
(18:19):
taking to consideration Folk Orlandosanza dot com is the place
to be and I know Orlando could really use some
financial help as well. The Democrats are backing Landsman big.
He has got a lot of campaign dollars, doesn't he not?
Speaker 2 (18:30):
Yes, he does.
Speaker 1 (18:31):
So you're going to see a lot of Greg Landsman
because of he's got a lot of funding. But will
he be talking about the Stock Act? Will he be
talking about his failure to file and let you know
about all of the evil companies that he's invested in,
including those evil pharmaceutical and oil companies that he has
a piece of that he's out criticizing. Uh huh. Luctions
have consequences, folks, And there are people of character and
then there are well Greg Lansman. Todd Zenzer, thank you
(18:53):
so much for helping us out this morning and bringing
this to everybody's attention by filing the ethics complaint. I'm
glad you are on the job. Thank you, Brian my
pleasure man. You're always welcome here in the Morning Show
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