George Allen's “Worthless” Stock Options Actually Worth Up To $1.1 Million....

Bloomberg Michael Forsythe and Miles Weiss October 10, 2006 02:19 PM

Stock options that Senator George Allen described as worthless were worth as much as $1.1 million at one point, according to a review of Senate disclosure forms and U.S. Securities and Exchange Commission filings.

The records appear to contradict remarks he made to the Associated Press. ``I got paid in stock options which were worthless,'' AP quoted him as saying.

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