Joe Jordan | Nebraska Watchdog
A two year old Wall Street controversy, which damaged Attorney General Jon Bruning’s ill-fated Senate campaign, is apparently over.
Bruning’s good friend and former fund raiser David Sokol has been “completely cleared” of any wrongdoing, according to Sokol’s lawyer.
Reuters is reporting that the U.S. Securities and Exchange Commission has dropped its insider trading investigation of Sokol. The SEC will not confirm the report.
Early on the case found Bruning, the state’s top law enforcement official, being heavily criticized for coming to Sokol’s defense.
In an exclusive interview with Nebraska Watchdog, Bruning said Sokol had not done anything “even close to a criminal matter” regarding Sokol’s legally and ethically questionable stock deal with Lubrizol.
The interview was followed by an editorial in the Omaha World-Herald arguing that for Bruning “to so quickly leap to a conclusion that no criminal act had occurred when he would have no way of knowing whether that was true is inexcusable for the attorney general…Rookie police officers are trained not to make quick conclusions about guilt or innocence before all of the facts are known.”
Sokol’s ties to Bruning go back several elections. As Nebraska Watchdog has reported, Sokol raised an estimated $100,000 for Bruning’s 2012 Senate campaign, and was a major fundraiser for at least two of Bruning’s previous campaigns.
After the Lubrizol dust-up Sokol no longer had an official position with Bruning’s Senate campaign.
The Lubrizol deal derailed Sokol’s chances of one day taking over Warren Buffett’s Berkshire Hathaway corporation.
Contact Joe Jordan at firstname.lastname@example.org