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Senator George Allen, whose "I'm not that racist" campaign really didn't need this new information right now, failed to tell Congress about the tech stock options that he earned from three companies from 1998 to 2001.

Allen and his lawyer claim they didn't know of the need to report options from Xybernaut, Commonwealth Biotechnologies, and Com-Net Ericsson — since they were all earned during the tech bubble, the stocks quickly dropped far below the options price. Says Allen: "I actually got no money out of Xybernaut. I got paid in stock options which were worthless."

This really shouldn't hurt Allen's campaign — "George Allen: Racist, Confederate Flag wearer, dot-com dupe" doesn't have a sting to it.

AP: Allen failed to report stock options [Associated Press]