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Mon Dec 14, 2020, 01:12 PM

Commerce Department Has Been Quietly Investigating Wilbur Ross' Finances For Years

Thursday’s report catalogues a litany of inaccurate statements that Ross submitted to federal officials. He did not list all assets on his financial disclosure report. He claimed to have divested things he did not. He described stock distributions that did not happen. He said he sold assets that he actually shorted.

It’s not a crime to unintentionally provide false information to officials—only to intentionally do so. The report does not conclude that Ross knowingly lied.

The inspector general also documented several meetings that don’t look good at first glance. For instance, Ross was supposed to receive advice from ethics lawyers before dealing with issues involving China or energy. But in conversations about gas exports, the commerce secretary ignored that and talked to Chinese officials. Another example: While Ross’ wife owned stock in Boeing, he met with the company’s CEO and asked about subsidies to its rival Airbus. A third one: the commerce secretary met with the CEO of a railcar company even though Ross owned a hidden stake in the business.

The report concludes that the China energy talks violated the regulation meant to curb unethical appearances, while determining that Ross’ actions didn’t have a clear enough effect on his holdings to constitute a violation of the criminal conflicts-of-interest statute. Merely asking the CEO about Airbus, without taking some action related to the conversation, didn’t rise to that level either, according to the report. Nor did the meeting with the railcar CEO, which Ross claimed was “purely social.”

https://www.forbes.com/sites/danalexander/2020/12/04/commerce-department-has-been-quietly-investigating-wilbur-ross-finances-for-years/?sh=3e5db19864aa

In other words, it found he was too incompetent to know what he was doing. How convenient. Via Charles Pierce, who also reminds us Pompeo spent $40,000 of taxpayers' money on dinners designed to solicit future political donations.

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Reply Commerce Department Has Been Quietly Investigating Wilbur Ross' Finances For Years (Original post)
muriel_volestrangler Dec 14 OP
SWBTATTReg Dec 14 #1
Dream Girl Dec 14 #2
Mike 03 Dec 14 #3
maxsolomon Dec 14 #4

Response to muriel_volestrangler (Original post)

Mon Dec 14, 2020, 01:24 PM

1. wilbur ross has been a crook for a long long time, cheated his partners out of a massive amt

of money, others too. It's amazing that a person steals a candy bar from Walmart's or other retail establishment yet Ross steals 10s of millions of dollars and gets nothing...he's had a shady reputation for a long long time. No wonder trump picked him...

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Response to muriel_volestrangler (Original post)

Mon Dec 14, 2020, 01:32 PM

2. Is he on the pardon list?

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Response to muriel_volestrangler (Original post)

Mon Dec 14, 2020, 01:54 PM

3. Forbes warned America that Ross was "among the biggest grifters in American history"

But a deeply reported investigation published by Forbes on Tuesday—which includes the testimony of more than 20 people who previously worked with Ross in the private sector—alleges that Trump's commerce secretary could "rank among the biggest grifters in American history."


Among the Biggest Grifters in American History': Wilbur Ross Accused of Stealing More Than $120 Million

"Wilbur Ross is a cartoon stereotype of a Wall Street fat cat with no interest in anyone but himself. He has shady ties to Russia and China, serious business conflicts, and a history of cheating people out of their homes."

https://www.commondreams.org/news/2018/08/07/among-biggest-grifters-american-history-wilbur-ross-accused-stealing-more-120

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Response to muriel_volestrangler (Original post)

Mon Dec 14, 2020, 02:27 PM

4. How this venal fossil escaped notice for 4 years stuns me.

that Forbes snip doesn't even mention the Bank of Cyprus and the Russian money-laundering that made it so lucrative.

he's skated because Trump's other cronies are so much louder.

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