Political unknown Matt Bevin denies any role in that big time investment scandal:
Matt Bevin, who may challenge Senate Republican Leader Mitch McConnell (R-Ky.), is distancing himself from improper activities that took place at an investment company where he worked a decade ago.
Bevin, a New Hampshire native, was virtually unknown in Kentucky political circles until a few weeks ago when he began reaching out to Tea Party leaders to explore a race against McConnell in the 2014 Republican primary.
Some of the initial reviews of Bevin among conservative activists have been positive, but as they begin to dig into his record Bevin will have to address his role at a company that was penalized hundreds of millions of dollars for its role in a market-timing scheme from 2001 to 2003.
Since he’s a potential primary challenger of Mitch McConnell, that story and his role at Invesco are significant. Though, probably not for the reason you’re thinking.
It’ll be a big deal because Invesco is one of the firms Kentucky Retirement Systems invests in.
Anyone who thinks McConnell’s crew won’t try to weave a story out of that is delusional.