BOY'S $20,000 STOCK GIFT DRAWS INTEREST OF GOP INVESTIGATORS.Byline: Don Van Natta Jr. The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times It began with billionaires from Asia and Chinese restaurateurs from Arkansas and moved to Buddhist nuns from California and American Indians American Indians: see Americas, antiquity and prehistory of the; Natives, Middle American; Natives, North American; Natives, South American. from Oklahoma. Now, the dispute over campaign financing has shifted to a most unlikely person: a 13-year-old boy from Sidwell Friends School Sidwell Friends School is a K-12 Quaker private school located in Washington, D.C. and Bethesda, Maryland in the United States. here, and the story of his $20,000 windfall windfall An unexpected profit or gain. An investor holding a stock that increases greatly in price because of an unexpected takeover offer receives a windfall. . The Republicans want to know why Zachary Knight, the son of lobbyist Peter Knight Peter Knight can refer to:
Republican investigators say they believe the gift was a form of payment to Knight, who had worked as a $7,000-a-month lobbyist for Molten Metal before becoming campaign chairman. Before voluntarily giving up his job as a lobbyist, Knight had helped the company win $32 million in federal grants while urging its executives to contribute and raise $132,000 for the Democrats and President Clinton's re-election effort. In an interview Monday, Knight said the 644 shares of stock were being held in trust for his son. ``Speaking as a father,'' Knight said, ``I am deeply disappointed that my 13-year-old son has been unnecessarily brought into the political fray fray 1 n. 1. A scuffle; a brawl. See Synonyms at brawl. 2. A heated dispute or contest. tr.v. frayed, fray·ing, frays Archaic 1. To alarm; frighten. 2. surrounding these matters.'' Republicans on the House Commerce Committee contend that the firm's campaign contributions to the Democrats and Knight's connections helped it win lucrative contracts for its hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. cleanup technology from the Clinton administration's Energy Department. The committee will explore the case at a two-day hearing Wednesday and Friday. The Republicans plan to ask Knight whether he improperly used his 20-year friendship with Vice President Al Gore Noun 1. Al Gore - Vice President of the United States under Bill Clinton (born in 1948) Albert Gore Jr., Gore to help Molten Metal win government contracts and organize Gore's enthusiastic visit to the firm's plant in Fall River, Mass., in April 1995. Knight was Gore's chief of staff when Gore was a senator from Tennessee. Most of all, the Republicans will question Knight about the spectacular success that he enjoyed as a lobbyist for Molten Metal from 1993 to 1996 at the same time that he was soliciting campaign contributions from the firm and its executives on behalf of the Democrats. ``I have never talked to Vice President Gore about any federal contract for any client,'' Knight said Monday. Although Republicans investigating the matter insist there is evidence that Molten Metal was rewarded by the federal government for its generosity to Knight and the Clinton-Gore campaign, they privately acknowledged that demonstrating that in a public forum poses a significant challenge. |
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