GOP candidate has financial ties to US-sanctioned Russian companies

[Zorro]

Source: The Guardian

A Republican congressional candidate has financial ties to a number of Russian companies that have been sanctioned by the US, the Guardian has learned.

Greg Gianforte, who is the GOP standard bearer in the upcoming special election in Montana, owns just under $250,000 in shares in two index funds that are invested in the Russian economy to match its overall performance.

According to a financial disclosure filed with the clerk of the House of Representatives, the Montana tech mogul owns almost $150,000 worth of shares in VanEck Vectors Russia ETF and $92,400 in the IShares MSCF Russia ETF fund. Both are indexed to the Russian equities market and have significant holdings in companies such as Gazprom and Rosneft that came under US sanctions in the aftermath of the Russian invasion of the Crimea.

The holdings, while substantial, make up only a small portion of Gianforte’s wealth. The congressional candidate, who made a fortune starting a software company which was later sold to Oracle, has assets estimated to be worth between $65m and $315m, according to his financial disclosure.

Read more: https://www.theguardian.com/us-news/2017/apr/28/greg-gianforte-republican-candidate-congress-russia-companies

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It figures.

[ProudLib72]

1. He's ahead in the polls

15 points according to one article. Aside from the Guardian article you posted, there isn't a whisper about his Russian holdings. Leave it to the British MSM to do our dirty work for us.

[2naSalit]

2. Thanks for the post!

I live in Montana and I'm TELLIN"!! I'm gonna tell Rob Quist Campaign about it right now....

[MBS]

7. Thank you! n/t

[2naSalit]

9. And I did too...

I'll wait until Monday to see if they got my email.

[Sunlei]

3. lots of wealthy people have investments. what I always find surprising is why would anyone with 315

with 315 million in the bank, want to work for the federal government.

[2naSalit]

4. Exactly....nt

[BumRushDaShow]

5. They don't care about the salary, they want to impose their ideology.

Or as they say - "change the system from 'within'" (to benefit themselves).

[NewRedDawn]

6. Bingo!

Give that person a Cigar.

[WhoWoodaKnew]

8. Okay, I invest a lot. I invest in whatever I think can make me money.

Many times I lose my ass. I've probably made money 51% of the time over the years (which, if you know anything about investing, isn't unusual). People think it's easy but its really hard. The old saying is "If it was easy, everyone would do it".

Now, these were funds. He didn't have to invest in Russian funds but I want to see his entire portfolio and transactions (over the years) to see what's up. I could be linked to China right this second for my BABA holdings.

[Scarsdale]

10. Donald tRump Jr.

Is gong to give a speech, recommending this gop candidate. Since Uday is no smarter than his old orange father, this will be good. He knows as much about politics as his father does. Why not send first lady Ivanka, since she is so smart (?) and experienced.