Panel: No Conflicts for Gov.'s Investments
Panel: Scott's investments and blind trust have no prohibited conflicts of interest
Friday, May 13, 2011 | Updated 12:33 PM EDT
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The Florida Ethics Commission says Gov. Rick Scott's investments and blind trust present no prohibited conflicts of interest.
The Florida Ethics Commission says Gov. Rick Scott's investments and blind trust present no prohibited conflicts of interest.
The panel Friday issued an advisory opinion sought by the multi-millionaire Republican governor who was elected in November.
Scott made his fortune in the hospital and health care business.
The opinion does not cover his family's ownership interest in Solantic, a chain of urgent care clinics including some in Florida. Scott gave the company to his wife after being elected. She is
in the process of selling it.
The commission found no conflict in connection with investments in five companies with Florida-based or regulated entities because he is a passive investor with no control over them.
Scott also lacks knowledge of or control over future investments by his blind trust.
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