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Newspaper: Corker Failed to Disclose Chattanooga Earnings

2015-11-04 23:11:47| Real Estate - Topix.net

Republican U.S. Sen. Bob Corker of Tennessee made profitable short-term trades in a Chattanooga real estate firm, but didn't properly disclose the deals until challenged by the Wall Street Journal. The newspaper reports Corker, a former Chattanooga mayor who is now chairman of the Senate Foreign Relations Committee, bought between $1 million and $5 million in shares of CBL & Associates Properties Inc. 2011, and sold them again five months later at a 42 percent gain.

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