Ethics Law Forces Controller to Sell Sands Stock
City Controller Robert Pfenning tells City Council he will sell 100 shares in the casino company to correct violation of state ethics law.
Bethlehem City Controller Robert Pfenning told City Council Tuesday that he will sell off his 100 shares of stock in the Las Vegas Sands Corp. by next week to comply with state ethics laws. As a public official holding an elected office, Pfenning is prohibited from owning any stock in the company that owns the Sands Casino Resort Bethlehem or any other casino operator that has a facility in Pennsylvania. Before he was appointed by Northampton County Court to be the controller in March, Pfenning would often mention his status as a minor shareholder in the casino company when he spoke at council meetings. But that stock ownership escaped the notice of county court judges who selected Pfenning after City Council could not agree on a …
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John
10:00 pm on Saturday, June 9, 2012
100 shares isn't going to place him as a billionaire. I applaud Mr. Pfenning, recognizing he made an error, making appropriate actions, and moving forward!   more ›