And in the Watchdog's column in the Fort Worth Star-Telegram, Fort Worth retirees double dipping is described as "common". Well, these folks learn from the best.
UPDATE: In January 2012, federal prosecutors announced that Spencer Barasch, formerly chief enforcement officer in the Fort Worth, Texas office of the Securities and Exchange Commission, had agreed to pay $50,000 to settle charges that he violated federal conflict-of-interest standards by providing representation for financier R. Allen Stanford, the Associated Press reported.
Barasch is now a partner with the Dallas law firm, Andres Kurth LLP.
Malcolm Bales, the U.S. Attorney for the Eastern District of Texas, said the fine, the maximum amount allowed under law, shows that the government is serious about cracking down on former federal officials who attempt to us their influence in the private sector, the AP reported.
Bales said, “There should be zero tolerance for people who serve the public and then go into the private sector and use [that service] for personal benefit,” he said, according to the AP.
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