Tuesday, August 01, 2006

FRIST DISCLOSURES PROBED --
Frist and his wife are the sole trustees in charge of a family foundation bearing the senator's name, according to Internal Revenue Service forms. However, he has not been listing that position on his Senate disclosure forms, which are made public every year.

Annual forms detailing lawmakers' personal finances are supposed to list all positions members of Congress hold outside government. Those include unpaid posts such as serving as a director or trustee of a nonprofit.
Sen. Frist has also been the subject of a federal probe looking into his sale of HCA stock at a time when insiders were selling at a 52-week high.