Bob Corker - Controversies - Blind Trust

Blind Trust

Shortly after taking office as mayor, Corker voluntarily placed his Hamilton County real estate holdings and businesses into a blind trust to avoid "even the perception of any conflict". Corker stated that the visibility of his properties and public knowledge of his ownership in them served as another check on his actions as mayor.

On October 11, 2006, The Commercial Appeal reported that the blind trust that Corker set up to run his businesses to avoid conflicts of interest while he was mayor "may not have been all that blind". According to e-mails discovered by the Appeal (some of which had previously presumed to be lost):

"Corker met often with employees from his private companies while mayor from 2001 to 2005, and he shared business tips with others. Corker also got help organizing his 2001 mayoral campaign from City Hall, where a government secretary passed on voting lists and set up meetings for the millionaire commercial real estate developer."

The e-mails show that Corker often met with officials from his private company, the Corker Group, which was part of the blind trust, while he was mayor. When asked about these e-mails by the Appeal, Corker said that he thought the blind trust had "worked very well" and that he had sold most of his business holdings so that he could avoid the appearance of conflicts of interest in the Senate.

Read more about this topic:  Bob Corker, Controversies

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Bob Corker - Controversies - Blind Trust
... County real estate holdings and businesses into a blind trust to avoid "even the perception of any conflict" ... On October 11, 2006, The Commercial Appeal reported that the blind trust that Corker set up to run his businesses to avoid conflicts of interest while he was ... the Corker Group, which was part of the blind trust, while he was mayor ...

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