Former FDA Chief To Plead Guilty For Failure to Disclose Conflicts
Former FDA Chief Lester M. Crawford will plead guilty to charges that he failed to properly disclose stocks that he owned which conflicted with his duties at the FDA. In plain terms, as Chief of the FDA he could make decisions that would effect the stock price of stock he owned. Federal law prohibits this type of ownership when the company is considered to be "significantly regulated" by the FDA.
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