Former U. S. Attorney finds Renkes’ KFx dealings violated code.

It is rare indeed when people engaged in politics and governmental systems speak out publicly against procedures put in place to allegedly address issues of popular concern. Such is the case in Alaska where former U.S. Attorney Wev Shea not only raised questions about the honesty, trustworthiness and fitness of Attorney General Gregg D. Renkes activities in promoting KFx Inc. (AMEX: KFX, $13.21) stock but more importantly told Mr. Renkes’ supporter (and co-worker in the KFx stock promotion) Governor Frank Murkowski that “regardless of your special investigation” it is very publicly known that Renkes violated at least seven attorney rules.

Often leaders are more concerned with appearances than facts. We do not know Mr. Shea but can understand his wanting to point out that Mr. Renkes’ violations “are very public.” This does not mean that Mr. Shea would not object to Mr. Renkes conduct if Asensio & Company, Inc. had not caught him and KFx red-handed and provided excruciating details of his KFx dealings to the public. This, we believe, means that the Governor’s game of appointing a straw man to bless Mr. Renkes’ KFx dealings simply will not work.

Below is a link to yet another fabulously complete follow-up story by Paula Dobbyn of the Anchorage News. Ms. Dobbyn and her paper continue to diligently investigate and report on Renkes and KFx, quite to the Governor’s displeasure we are sure.

Wev Shea weighs in on Renkes
By Paula Dobbyn
Anchorage Daily News
January 11, 2005

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