Tags: NSA/Surveillance | NSA | security | Apple | stocks

Ex-NSA Chief Under Scrutiny for Stock Buys

By    |   Tuesday, 04 November 2014 07:48 AM

Financial investments made by Keith Alexander, the four-star general who directed the National Security Agency from August 2005 until March 2014, are being scrutinized to see whether he used information obtained as part of his government work to influence his stock picks, The Daily Beast reported.

The general invested in a range of companies, from those providing cloud solutions, data gathering, and enhancing captured images, to others offering radio frequency, air traffic control, and surveillance services, Vice News reported.

Journalist Jason Leopold about/went to court in order to force the government to release this information.

According to Alexander's financial disclosure forms, starting in 2008 he bought and sold stocks in Synchronoss Technologies. The company provided tools that "locked" Apple iPhones onto AT&T's network.

He bought more stock — after company shares dropped — when AT&T lost the exclusive Apple phone contract and consumers could purchase plans with other providers, the Daily Beast reported.

Alexander also bought and sold stock in Chinalco, a Chinese aluminum company which was believed to be hacking into the American aluminum company Alcoa. The two ultimately entered into a strategic partnership to buy a third company. He purportedly sold stock in Chinalco while his agency was monitoring it as a source of Chinese cyber espionage, according to the Daily Beast.

Now in the private consultancy business, Alexander reportedly charges clients between $600,000 and $1 million per month.

Rep. Alan Grayson, D-Florida, has asked one company doing business with Alexander what services he could be providing for so much money if he is not disclosing or misusing classified material, the Daily Beast reported.

Alexander's supervisors James Clapper, director of National Intelligence, and Michael Vickers, undersecretary of defense for intelligence, approved his financial disclosure paperwork and affirmed that his investments were "unrelated to his prospective duties and no conflicts appear to exist," Vice News reported.

The former director also tried to set up a business with the agency's current chief technology officer, Patrick Dowd, but the deal fell through when the Senate Intelligence Committee began making inquiries, according to the Daily Beast.

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Financial investments made by Keith Alexander, the four-star general who directed the National Security Agency from August 2005 until March 2014, are being scrutinized to see whether he used insider information to influence his stock picks, The Daily Beast reported.
NSA, security, Apple, stocks
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2014-48-04
Tuesday, 04 November 2014 07:48 AM
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