Former US Attorney for NY, Preet Bharara was investigating Trump cabinet member before he was sacked
Fed prosecutor Bharara was investigating allegations that Tom Price, the health and human services secretary improperly traded health care stocks while he was in Congress
In congress Secretary Price was former chair of the powerful House Budget Committee
He also sat on the Ways and Means Committee’s health panel
He’s the Trump administration’s point man on efforts to repeal and replace the Affordable Health Care Act ‘ObamaCare’
Reports allege Price traded more than $300,000 worth of shares in health companies over a recent four-year period, while taking actions that could have affected those companies
Bharara’s was also investigating allegations relating to Fox News
He’d been urged by watchdog groups to look into payments Donald Trump received from foreign governments through his Manhattan-based business
Trump’s head of the Department of Health and Human Services allegedly, traded stocks of health-related companies while working on legislation affecting the same firms. Insiders says Bharara was overseeing an investigation.
Price maintains that he broke no laws when he traded health care stocks even as he was involved in legislation relevant to the health care sector. He traded over $300,000 worth of shares of relevant companies during a four-year period in the House.
The issue played a significant role in Price’s confirmation process, and he was asked about it numerous times during his Senate hearing.
The revelation that Bharara was investigating Price comes as many were surprised the US attorney from the Southern District of New York a carryover from the previous Democratic administration was not retained by the in-coming Trump administration.