A former deputy secretary of education under President Bush has agreed to pay $50,000 for breaking conflict-of-interest rules by failing to sell off hundreds of shares of Bank of America stock during his tenure, according to a settlement announced today by the U.S. attorney for the District of Columbia.
The former official, Eugene W. Hickok, served as under secretary and then deputy secretary in the Education Department from 2001 to 2005. After emphasizing standards as Pennsylvania’s secretary of education, he was a central figure during Mr. Bush’s first term in pushing colleges to be more accountable for their graduation rates.
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