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Politics

Orman Acknowledges Business Tie To A Man Convicted For Insider Trading

Independent Kansas Senate candidate Greg Orman acknowledges having a modest business tie to a former Goldman Sachs board member convicted of insider trading in 2012.

Orman said Wednesday during a news conference that Rajat Gupta is a friend and that he won't abandon a friend who's made a mistake.

Orman is promoting his business experience as he tries to unseat three-term Republican incumbent Pat Roberts.

The race is competitive, making Kansas an unexpected battleground in the fight for control of the Senate.

Orman said he has an investment of less than $50,000 in a company involving Gupta.

Online business records show he and Gupta each own more than 5 percent of Exemplar Wealth Management of Olathe.