KFx haunts Renkes.

Today the Anchorage Daily News reported that Alaskan legislator Senator Hollis French has asked for the removal of Alaska’s Attorney General Gregg Renkes from a panel negotiating taxes and terms with companies building a gas pipeline. The removal request was based on Mr. Renkes KFx Inc. (AMEX: KFX, $8.15) dealings.

Renkes reportedly promoted KFx to Alaskan and Taiwanese government officials and publicly touted KFx without disclosing a series of material conflicts of interest. Renkes owned KFx stock, had been retained and paid directly by KFx and KFx’s partner and has served on a KFx advisory board. Renkes has ties to former managers of Jefferies & Company who are KFx shareholders. Renkes purchased KFx shares one trading day before a Jefferies analyst promoted KFx on a CNBC television show. Renkes also has ties to John Venners, KFx’s co-founder and illegal KFx stock trader, through a discredited penny-stock sham.

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Renkes’ panel spot contested
HOLLIS FRENCH: State senator sees Alaska attorney general as potential liability.
Anchorage Daily News
October 20, 2004