Democratic presidential contender Sen. Kirsten Gillibrand's husband has for more than a decade held a financial stake in an obscure medical device company, even as the New York lawmaker voted in favor of legislation that expedited the approval process for such devices.
The investment, though legal, raises questions about whether Gillibrand will profit from an industry she has played a role in regulating as a senator, and which she could influence as president. The senator's campaign declined to comment on the record for this story. An aide told CNBC that the investment was made by Jonathan Gillibrand in 2005, that the couple has not made a profit on it, and that Jonathan has only ever had a"small minority share in the company."
Whittaker provides"design, business, medical & equine info," according to its Delaware corporate charter, as well as"strategic analysis consulting services to businesses and individuals." In order to do so, the two companies formed a partnership called Navis Medical, and are currently in the process of seeking out a company to manufacture the product, Sheil said.
Three days after the FDA cleared the Navis Torquer, President Barack Obama signed into law a sweeping bill that, among other things, expedited the approval process for medical devices and pharmaceuticals, and called on the FDA to prepare a report on the barriers that small businesses face in the medical device approval process.
JFC you want to talk ethics questions while our president literally takes bribes in the form of stays at his tacky hotel properties?! GTFOH
She has fallen so far
Hahah and trump has NO ethics issues? Get this garbage outta here
Who wrote this, Whiny Joe?
Stop please!!!! This company has no Revenue and no production
Puleeeze
Seriously? Trump is funneling $ into his pocket every second and this is an issue? Next
Ethics. Are you for real. Nobody on Wall St or DC has Ethics...Joke of the Day, good job...
American politics is a vehicle to great wealth for the few at the expense of everyone else. Capitalism