Chelsea Clinton's contemptuous husband Marc Mezvinsky has ‘nothing to say’ to his investors

[Old Union Guy]

This discussion thread was locked as off-topic by LostOne4Ever (a host of the Latest Breaking News forum).

Source: The Daily Mail (UK)

EXCLUSIVE: No apology, no rebate! Chelsea Clinton's contemptuous husband Marc Mezvinsky has ‘nothing to say’ to his investors (some Hillary contributors) despite losing 90 percent of their millions

Mezvinsky has refused to apologize to investors yesterday - despite losing nearly $25 million of their money in a gamble on the Greek economy

Those investors include wealthy Clinton family supporters, some of whom have contributed campaign money to either Bill or Hillary

Mezvinsky persuaded clients to pour cash into the struggling European country in the hope it would bounce back and deliver massive profits

When Daily Mail Online asked Mezvinsky - outside his $10 million Manhattan apartment - he refused to discuss the Greek tragedy

Marc's father Edward Mezvinsky, pleaded guilty to 31 charges of felony fraud in 2001 and spent five years in federal prison

He admitted scamming his friends and family out of $10 million in a Ponzi scheme.

Read more: http://www.dailymail.co.uk/news/article-3587429/Chelsea-Clinton-s-contemptuous-husband-Marc-Mezvinsky-say-investors-despite-losing-90-percent-millions-calamitous-gamble-Greek-economy.html

[DonCoquixote]

1. He learned well from Bill

and when Chelsea gets old enough to become the Third Clinton in the Oval Office, he will fit in perfectly.

[Old Union Guy]

2. Unless he ends up in prison. This is Bernie Madoff territory. n/t

[Baobab]

13. It all comes down to whether the investors were honestly apprased of the risks and whether

he protected their interests responsibly. I know that Hillary's brother has been involved in some impropriety in Haiti.

His father did run a Ponzi scheme and served five years in Federal prison for it,

Did he do everything that could be done to protect the investments as if they were his own?

I would have hoped he could have withdrawn their money much sooner. It seems inconceivable to me that somebody could lose 90% of an investors money in such a short time.

[radical noodle]

14. Yes

and most people who would invest money in high risk stuff like that probably have money to burn. From another article I read, it was very wealthy "connected" people who invested. They also could have gotten out when they saw it going bad... cashed in and walked away. But they didn't.

[IthinkThereforeIAM]

8. Nodding my head...

...eom.

[LittleGirl]

20. chelsea will never run for office

she could barely do news reporting for NBC and her "live" segments were awful.

[Kall]

22. Got paid well enough for it, though.

$600,000. About 2.7 speeches.

[LittleGirl]

23. so I've heard

we people, in the bottom of the ladder, really get the shaft, don't we?

[reddread]

25. pin money

the rest is offshored somewhere safe.
what colorful in laws.

[SusanCalvin]

3. Well, that's what that kind of person does.

Can't say as I think much of her taste in husbands.

Nevertheless, I certainly don't think this reflects on Hillary directly. Although it may say something about the kind of people the family hangs out with.

[DebbieCDC]

4. The apple doesn't fall far from the tree

[pacalo]

5. Makng Uncle Henry & Uncle Duh-Duh proud.

[zalinda]

9. Who said they knew exactly what they were investing in?

A great many people in these circles invest because of recommendations from their friends, which is why ponzi schemes work. Bill and Hillary's tacit agreement with their son-in-laws business was probably enough to sway some people, certainly their 'friends'.

Z

[iandhr]

10. Anyone who is a casual follower of the news knows betting on Greece is risky.

[radical noodle]

15. This is not a ponzi scheme

[TexasBushwhacker]

16. That's pretty much the nature of hedge funds isn't it?

Big risk for possible big reward right?

[TexasBushwhacker]

21. That's not to say that Chelsea's husband didn't give them

bad advice. I guess he figured that the rest of the Eurozone would keep bailing them out.

[msongs]

11. not LBN it is an opinion piece or rather a hit piece nt

[beastie boy]

12. In related news: Chelsea Clinton's contemptuous husband Marc Mezvinsky's dog peed on a hydrant.

Bad Hillary!

[MisterP]

17. ssssssShkrelied!

[DrBulldog]

18. No surprise here. Families of crooks often intermarry.

[BadGimp]

24. It's a Casino folks!

eom

[pkdu]

26. Ahhh the good Daily Mail....well done , how very Foxy Newsy. Nt

[JonLeibowitz]

27. Not a big deal -- clearly there was demand in the market for a Greece fund

He didn't swindle any money -- it was just a poor investment.

Allocation of capital results in situations like these. They also result in enormous profit at times.

[bjo59]

28. You know, I'm sure he's an entitled little fraud; however, I never feel sorry for the types of

people that lose their money in enterprises like his. They all deserve to lose whatever they lose - they're high stakes gamblers who don't give a crap about the suffering their global investment games cause. They know what they're getting into (just as the super wealthy among Bernie Madoff's "investors" knew ... they knew that their massive returns could not be in the least legitimate but they were happy to take them while the going was good). Besides, 25 million bucks split between a number of investors is chump change to those guys. I watched Bernie talking with a packed theater full of Pine Ridge residents online today. What those people have suffered and continue to suffer makes my stomach knot up and tears prick the back of my eyes. I couldn't care less about Wall Street investors. Who cares when crooks get crooked (unless our totally venal government decides to pay them back with the taxes we pay instead of paying for the decent health care it promised the people who live on the Pine Ridge Reservation and completely stiffed them on... as usual).

[pansypoo53219]

29. um. WALL STREET IS A CASINO. they gambled & LOST.

[LostOne4Ever]

30. LOCKING THREAD AS ANALYSIS/OPION

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