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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Mystery Of Wilbur Ross' Missing Billions
snip
When one legislator at the confirmation hearing asked Wilbur Ross how he would ensure that his official actions did not create conflicts of interest, given his vast personal holdings, Ross left little room for criticism. I intend to be quite scrupulous about recusal and any topic where there is the slightest scintilla of doubt, he said.
What he left unsaid, however, was that between the November election and January inauguration, he had quietly moved a chunk of assets into trusts for his family members, leaving more than $2 billion off of his financial disclosure reportand therefore out of the public eye. Ross revealed the existence of those assets, and the timing of the transfer, when Forbes asked why his financial disclosure form listed fewer assets than he had previously told the magazine he owned.
https://www.forbes.com/sites/danalexander/2017/10/16/the-mystery-of-wilbur-ross-missing-billions/#6b9107fd1c90
Ilsa
(61,695 posts)that they couldn't be bought by lobbyists. They don't see that these people have already been bought, and they want to continue selling the benefits powers. Their assets and trusts for themselves and future family members are dependent on keeping the money flowing towards the corporations in which they hold investments. The greed keeps them in the market for the highest bidder.
PatSeg
(47,447 posts)don't realize is that for people like Trump and his cronies, no amount of money is ever enough. It is an addiction that often afflicts the very wealthy much like a compulsive eater or an alcoholic.
Achilleaze
(15,543 posts)Lapping up luxuries at taxpayer-expense? Wilbur sounds like he'd pal around with the chisling, quisling republican Draft-Dodger-in-Chief.
dixiegrrrrl
(60,010 posts)I don't recall which of several bankrupts this was, had to do with the Atlantic City casinos, Wilbur stepped in and arranged for Trump to have an income while the lengthy bankrupt process was in process.
And loans, of course. It worked out to roughly 400,000 a MONTH.
This was in Tim O'Brien's book on Trump.
Achilleaze
(15,543 posts)The repubes need to abandon their degenerate "republican family values" and take up American values like honesty, caring, respect, integrity and loyalty not to the frikken evil-empire kremlin, but to the USA.
Snarkoleptic
(5,997 posts)So it's no surprise that he's got some oddball issues with funds appearing/disappearing.
Zoonart
(11,866 posts)The transaction raises questions about Rosss tenure at the Cypriot bank and his ties to politically connected Russian oligarchs. It comes amid confirmation by the FBI that it is investigating possible collusion between the Trump campaign and Moscow to influence the outcome of the presidential election.
In 2015, while he served as vice-chairman of the Bank of Cyprus, the banks Russia-based businesses were sold to a Russian banker and consultant, Artem Avetisyan, who had ties to both the Russian president and Russias largest bank, Sberbank. At the time, Sberbank was under US and EU sanctions following Russias annexation of Crimea. Avetisyan had earlier been selected by Putin to head a new business branch of the Russian presidents strategic initiative agency, which was tasked with improving business and government ties.
Read more:
https://www.theguardian.com/us-news/2017/mar/23/wilbur-ross-russian-deal-bank-of-cyprus-donald-trump-commerce-secretary
Maeve
(42,282 posts)He's in it up to his elbows...and beyond.
Enoki33
(1,587 posts)Manaforts banking entities in Cyprus. Maybe he already has been.
Nitram
(22,801 posts)Who knew it was all optional?
gopiscrap
(23,761 posts)no lock ALL of them up!
mountain grammy
(26,621 posts)and we've been moving in this direction since 1972.
Pachamama
(16,887 posts)I suggest that Mueller look there...
There was a reason Wilbur Ross was "Chosen"...and I believe all roads leading back to Bank of Cyprus has some answers along with Russia...