Blog Trump’s New Finance Chief Cashed Out Madoff Ponzi Profits

Share This Post

Politics

Trump’s New Finance Chief Cashed Out Madoff Ponzi Profits

Donald Trump’s new national finance chairman and his family pocketed about $3.2 million in fake profit from his mother’s account with convicted con man Bernard Madoff — money that didn’t have to be returned to victims because it was taken out of the Ponzi scheme in time.  Steven Mnuchin, a business associate of Trump’s and also chairman and chief executive officer of the hedge fund Dune Capital Management LP, was sued in 2010 by a trustee seeking to recoup Madoff investors’ losses from customers who’d withdrawn more money from his firm than they put in.  Read article

Leave a Reply

Share This Post

The goal of this site is to give information. Whether from national sites or locally in Georgia.