Watchdog: Two on Senate panel probing Apple own its stock

By Kelly Cohen

Published May 24, 2013 4:00am ET

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Watchdog: Two on Senate panel probing Apple own its stock — Sen. Heidi Heitkamp, D-ND, is a member of the Senate Banking, Housing and Urban Affairs Committee, which is probing Apple's overseas investments. Heitkamp, who was elected in 2012, disclosed owning Apple stocks on her Senate financial disclosure statement, as did Sen. Tom Carper, D-DE, who is also on the committee. (AP Photo)

At least two of the senators on a committee investigating Apple Inc. over the company’s off shore tax accounts have hundreds of thousands of dollars invested in the company, according to a journalism watchdog group.

Apple, which was the sixth most widely owned corporate stock among members of the U.S. Senate in 2011 according to OpenSecrets.org, was criticized this week for allegedly putting billions of dollars in offshore accounts to avoid paying billions of dollars in U.S. taxes.

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