Kash Patel accused of 'violating the law' with undisclosed stock purchase

FBI Director Kash Patel failed to timely disclose a significant stock purchase.

According to federal records reviewed by NOTUS, Patel bought stocks ranging between $100,001 and $250,000 in MicroStrategy on November 21 but did not report the trade to federal regulators until May 26 — six months later.

The Stop Trading on Congressional Knowledge Act requires senior officials to report stock trades exceeding $1,000 within 45 days.

Patel claimed he "inadvertently omitted" the trade from a previous filing, but A government watchdog stated the delay violated federal law.

"I continue to believe that Director Patel is in compliance with applicable laws and regulations governing conflicts of interest," Deputy Assistant Attorney General William Taylor wrote in a May 28 letter addressed to the Office of Government Ethics.

MicroStrategy conducts millions of dollars in business with the Justice Department, Patel's parent agency. Additionally, Patel purchased Krispy Kreme stock while the FBI investigated a ransomware breach of the company.

Before assuming his role as FBI director, Patel held significant holdings in Elite Depot, the parent company of Chinese fast-fashion retailer Shein, Fortune reported.

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