Trump Commerce Secretary Wilbur Ross made at least $53 million from private companies while serving

[ShazamIam]

Last edited Sun Jun 20, 2021, 05:27 PM - Edit history (1)

https://www.msn.com/en-us/money/markets/trump-commerce-secretary-wilbur-ross-made-at-least-dollar53-million-from-private-companies-while-serving-in-government-report/ar-AALf3fY?li=BBnb7Kz

The investigative organization: CREW, https://www.citizensforethics.org/

...While leading the Department of Commerce, Ross reported making a minimum of $53 million to $127 million in outside earnings.

However, according to the Citizens for Responsibility and Ethics in Washington (CREW), Ross may have "earned significantly more as he was not required to specify certain income totals over $1 million."


...According to the CREW report, Ross made at least $42 million in 2017, which included "more than $6 million he was paid for giving up unvested restricted Invesco shares and more than $5 million from selling Invesco stock."

The development comes after The Washington Post reported last month that a security unit within the Department of Commerce had morphed into a counterintelligence-like operation "that collected information on hundreds of people inside and outside the department."


...The Investigations and Threat Management Service (ITMS) searched workers' offices in the evenings and looked through emails in search of possible foreign influence, according to the Post.

Per the Post report, the Biden administration paused all ITMS investigations in March and suspended its activities last month.

According to Forbes, Ross started a special purpose acquisition company in the Cayman Islands in January while still in his government role.

*Edit: Add he to The, remove some extra ellipses (...).

[abqtommy]

1. Gotta love CREW for all the good things they do.

[ShazamIam]

2. I have been suspicious of Ross from the beginning and have long wondered why there

were no reports of his excesses, such as revealed about some other Cabinet members who had to resign or be let go because of their controversies. ,
Now we read the staff was under watch all the time.

Of course the big one is Munchin, the turnip's Secretary of Treasury.