Commerce Secretary’s Offshore Ties to Putin ‘Cronies’

After becoming commerce secretary, Wilbur L. Ross Jr. retained investments in a shipping firm he once controlled that has significant business ties to a Russian oligarch subject to American sanctions and President Vladimir V. Putin’s son-in-law, according to newly disclosed documents.

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Mr. Ross’s stake in Navigator has been held by a chain of companies in the Cayman Islands, one of several tax havens where much of his wealth, estimated at more than $2 billion, has been tied to similar investment vehicles. Details of these arrangements surfaced in a cache of leaked files from Appleby, one of the world’s largest offshore law firms, which administered some 50 companies and partnerships in the Caymans and elsewhere connected to Mr. Ross.

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lurchadams said:

https://www.nytimes.com/2017/11/05/world/wilbur-ross-russia.html





As Commerce Secretary, Ross makes decisions regarding sanctions against Russia. Another huge conflict of interest.

Nothing to see here folks. C'mon into Trump's administration, the swamp water is fine!

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