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CLINTON ADVISER TO PAY $23,000 TO SETTLE SUIT ASSOCIATED PRESS.


President Clinton's national security adviser, Sandy Berger This article is about the American national security advisor. For the Canadian football owner, see Sam Berger.

Samuel Richard "Sandy" Berger (born October 28, 1945) served as the 19th United States National Security Advisor under President Bill Clinton
, agreed Monday Monday: see week.  to pay $23,043 to settle civil conflict of interest allegations based on his failure to sell oil stock as ordered.

The $23,043 represents the increase in value of Amoco Corp. stock held by Berger's family and the dividends on that stock between the time he was advised to sell it in March 1994 and June June: see month.  1995, when he finally did sell it, the Justice Department said.

Berger said he forgot about the instructions and therefore did not knowingly participate in any decisions in which he had a financial interest. The Justice Department said that, without any evidence of Berger's intent to violate the conflict of interest law, it would not charge him with a criminal violation, but that civil penalties are available for nonwillful violations.

The agreement and the civil lawsuit lawsuit: see procedure; tort.  it settled were filed simultaneously in U.S. District Court here.

``I should have sold the stock in 1994 when I was first told to do so,'' Berger said in a statement.

He said he was paying the government all the earnings from the stock ``to avoid even the appearance of having profited in any way from this oversight
For Oversight in Wikipedia, see Wikipedia:Oversight.


Oversight may refer to:
  • Government regulation — The role of an official authority in regulating a separate authority.
.''
COPYRIGHT 1997 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Daily News (Los Angeles, CA)
Date:Nov 11, 1997
Words:201
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