The Office of Congressional Ethics has already submitted its report against Congressman Alan Grayson. The report concluded that Grayson improperly uses his position in congress for his own personal benefit.
According to The Washington Free Beacon, Grayson faces allegations of using his staff members in his congressional office in activities related to his hedge fund which is based on the Cayman Island. He is also suspected of asking his staff to conduct interviews which are related to his Senatorial campaign and partnering with energy firms that had contracts with the federal government. Another allegation is that he failed to make a financial disclosure report about his income.
Grayson, on the other hand, angrily responded to the allegations, accusing the quasi-independent agency of conspiring with his opponents for the Senate seat which is a Democrat. Grayson said in a phone interview that he didn't do anything wrong, as per The New York Times.
Grayson reiterated that he has never solicited new members for his hedge fund while he is still in Congress. He is firm in believing that he did not violate any rules in congress. According to the Orlando Sentinel, Grayson is accused of letting his name be used in order to gain profit for his own hedge fund but his attorney, Brett Kappel, said all of these allegations are just for "fishing expedition," denying that his client received any management fee.
The House Ethics Committee is considered the only body that has the power to sanction a House lawmaker. It is made up of professional investigators who are overseen by a six-member board. The committee is now creating a formal investigative panel that would go into the allegations of the possible misconduct of Grayson. The accused congressman, on the other hand, believes that the allegations are just minor missteps and mere speculations of the Office of Congressional Ethics.
