[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

If Even One of the 7000 Cross Our Border – Trump Must be Removed from Office – Enough!

Question: Wherein "libertarianism" is there any reference to "irresponsibility?"

This chart shows how everything has changed since Trump became president

City official charged with murder after state rejects 'stand your ground' shooting of alleged shoplifter

Please Remember Not to Vote!

Evil Mutant Death Walrus

White House chopper mechanic busted with crystal meth after calling the cops on himself

FBI Admits It Used Multiple Spies To Infiltrate Trump Campaign

Judge Orders Mueller To Prove Russian Company Meddled In Election

"The Factory of the World"

Trump Announces He’s a Few Weeks From Banning Bump Stocks

Hillary Clinton, Donald Trump, and Why Civility Can't Return To Politics

Self-Censorship: Where The Real Damage Is Being Done

Decorated Silver Star Veteran, POW Sentenced to 7 Years for a Gun He Bought 40 Years Ago

Facebook Deletes Disabled Vet’s Pages — After Taking $300,000 in Advertising

Rockin’ the Right

State Department provided ‘clearly false’ statements to derail requests for Clinton docs, ‘shocked’ federal judge says

Police Charge a 12-Year-Old Rapper With Felony After Mall Confrontation Over Selling His Own CDs

Stossel: Libertarian Larry Sharpe Brings New Ideas to New York

9/11 was a bank heist

Dear God, Hillary Clinton. Please, Just Go.

Mexico dispatches two Boeing 727s full of federal police officers to intercept migrant caravan from Honduras heading to the US....

stop this onslaught - and if unable to do so I will call up the U.S. Military and CLOSE OUR SOUTHERN BORDER!

High School Girls Admitted to Making False Sexual Assault Accusations Against a Male Student Because They ‘Just Don’t Like Him’

Newly Released Video Challenges Cop's Story in Shooting of Autistic Teen

‘To Kill a Mockingbird’ performance canceled again at Shorewood HS; boy in custody

‘Golfcart Gail’ calls cops on black dad at his kid’s soccer game

You Want to Make America Great Again? Start by Making America Free Again

YouTube users question sanity, reality as service goes dark worldwide (YouTube DOWN, gone)

Trump voter begs for forgiveness: 'Sorry I voted for him -- I've enabled this monster'

Ben Shapiro Explains Socialism in 2 Minutes

Creepy Porn Lawyer slam dunked by Trump in Federal court

Feds raise rate 6 times under Trump but once/twice under Obama

‘I Stand for the Flag, I Kneel at the Cross’: PA Dem Forced to Resign After Facebook Posts Deemed Offensive

Warren’s DNA test mocked, as GOP cites study showing average Native-American link could be stronger

Warren Releases DNA Results, Challenges Trump Over Native American Ancestry

Did Saudis, CIA Fear Khashoggi 9/11 Bombshell?

Portland citizens jeer cowardly anarchists, cheer police! (short version)

With the Saudis, Trump Shows Timidity

Four Democrats Caught in Voter Fraud Ring Targeting Seniors in Fort Worth

'YOU'RE FREE, MAN!' Somalian whose deportation from UK was stopped by outraged Heathrow passengers revealed as gang-rapist who attacked teen girl

Police seeking person who put googly eyes on historic Georgia statue

Antifa mob that should be shot and killed on site

Ford Just Came To Trump' Defense & Destroyed Fake News Media & Their Lies: Tariffs & Their Layoffs

Trident Juncture 2018 Is About to Kick Off: NATO’s Big War Games Near Russia’s Borders Never End

Who Runs Bartertown? (Perpetual Taxes on Property)

'The president of a country should not publicly ridicule a woman who courageously comes forward': Anal Clooney skips royal wedding to take a hit at Trump at Pennsylvania women's conference

Christine Blasey Ford's bogus 'bravery' award nomination

War on Choice: UK Government Sets ‘Calorie Cap’ for Pizzas, Burgers… Even Soup

Good bye ... NFL --- been good knowing you.


Status: Not Logged In; Sign In

Corrupt Government
See other Corrupt Government Articles

Title: Wilbur Ross 'could rank among the biggest grifters in American history'
Source: Business Insider
URL Source: https://www.businessinsider.com/wil ... bombshell-forbes-report-2018-8
Published: Aug 7, 2018
Author: Joe Ciolli
Post Date: 2018-08-07 11:51:22 by Willie Green
Keywords: None
Views: 43
Comments: 1

  • US Secretary of Commerce Wilbur Ross has been accused of swindling associates out of more than $120 million, according to a new bombshell report from Forbes.
  • The magazine interviewed 21 former colleagues, many of whom said Ross had a propensity to filch money for himself.

A report Tuesday cited sources recalling that US Secretary of Commerce Wilbur Ross had been known to grab handfuls of Sweet'N Low on his way out of restaurants to save himself the trouble of having to buy his own.

But that may just be the tip of the iceberg, according to the Tuesday report, a bombshell from Dan Alexander of Forbes .

The report says Forbes spoke with 21 people who know Ross and found claims that he wrongly took millions of dollars for himself on multiple occasions. The publication estimated that if all the allegations were true, then Ross had bilked associates out of more than $120 million.

Alexander pulled no punches in summarizing his findings, concluding: "If even half of the accusations are legitimate, the current United States secretary of commerce could rank among the biggest grifters in American history."

A Commerce Department official called the allegations "petty nonsense," while a statement from Ross said "the SEC has never initiated any enforcement action against me."

That's not entirely true, Forbes said, considering the US Securities and Exchange Commission fined his firm $2.3 million in 2016.

Alexander's interest in Ross stemmed from the commerce secretary's apparent attempts to mislead Forbes, which the magazine says were an attempt to get himself higher on the publication's ranking of billionaires.

Here's a breakdown of all the allegations outlined in the Forbes report, presented in chronological order. Adding together all of the bolded numbers, you arrive at roughly $120 million.

  • 2005 — A former vice chairman of the firm WL Ross filed a $20 million lawsuit against Ross, alleging that Ross tried to cut him out of his share. They reached a confidential settlement, which reportedly cost $10 million .
  • 2014-2015 — Invesco, the parent company of WL Ross, reported $43 million in regulatory and reimbursement expenses, which four former employees say were tied to issues that occurred under Ross.
  • July 2015 — Ross' former No. 2 filed a $4 million lawsuit, alleging that Ross stole his interests. They recently reached a confidential settlement.
  • August 2016 — As mentioned above, WL Ross agreed to pay the SEC $2.3 million after allegations that the firm defrauded and misled investors. The company settled without admitting wrongdoing.
  • August 2016 — When the SEC announced its fine, it also revealed that the WL Ross paid back $11.9 million it was accused of taking from investors, including interest, when Ross was running the firm.
  • December 2016 — A former WL Ross employee sued the company, alleging that Ross "looted" his accounts to the tune of $3.6 million .
  • November 2017 — Three former WL Ross executives sued Ross and their former firm, accusing them of charging $48 million in improper fees. Ross says the legal action is "without merit."

Read the full Forbes report here .

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Willie Green (#0)

He sounds like a piker compared to Hillary Bullshit Felon and Rapey Billy.

Hank Rearden  posted on  2018-08-08   22:44:44 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com