General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsEuropean Parliament Report Accuses Wilbur Ross of Insider Trading
Senate Democrats recently called for an investigation into Commerce Secretary Wilbur Ross finances, following reports that he vastly overvalued his wealth and failed to disclose his holdings in a Russian shipping company partly owned by Vladimir Putins son-in-law. Now the embattled mogul, whose long relationship with Donald Trump has been tested by the disclosures, is facing scrutiny by European lawmakers over allegations that he engaged in insider trading related to his 2014 sale of shares in the Bank of Ireland.
Earlier this year, Luke Ming Flanagan, an Irish politician and member of the European Parliament, the European Unions governing body, commissioned a report on the 2008 eurozone banking crisis. The final version of this report, written by two Irish financial analysts, was presented in Brussels last week to a group of 52 European Parliament members affiliated with left-leaning parties. And it included a section covering Ross investment in the Bank of Ireland, in which he was a major shareholder and a member of the board of directors. The report alleges that when Ross sold off his holdings in the bank for a massive profit in 2014, he possessed inside information that the bank was relying on deceptive accounting practices to mask its losses and embellish its financial position.
http://www.motherjones.com/politics/2017/12/european-parliament-report-accuses-wilbur-ross-of-insider-trading/
And he was the vice president of the Bank of Cyprus, which was and still does launder money from the Russian Mafia
potone
(1,701 posts)Who can keep track?
turbinetree
(24,703 posts)potone
(1,701 posts)But numbers no longer seem to matter. Witness the results of our last election, as well as the two victories of Bush.
Kirk Lover
(3,608 posts)riversedge
(70,239 posts)turbinetree
(24,703 posts)malaise
(269,022 posts)Good effin' grief.