Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

turbinetree

(24,701 posts)
Thu Dec 21, 2017, 03:51 PM Dec 2017

U.S. Commerce Official Still Holds Stake in Company Linked to Putin Associates

The chief of staff for Secretary of Commerce Wilbur Ross, Wendy Teramoto, still owns a stake in a shipping company tied to associates of Vladimir Putin, despite the fact that her former role as a board member for the same company prompted six Senate Democrats to request an investigation into her apparent conflicts of interest last month.

“We have not been notified, nor are we aware, of a formal investigation by the inspector general,” Commerce Department spokesperson James Rockas said in a statement. “But we continue to answer any questions that are raised by department ethics officials or the inspector general.” The statement said that Teramoto has recused herself from any matters relating to her investments. (The same senators also requested an investigation of Ross, who initially retained an estimated $3.4 million stake in the company, Navigator Holdings, but has since sold it.)

As long as Teramoto hangs onto her own investments, she will likely remain under scrutiny, especially since there is evidence that her official actions are affecting the shipping industry, in which she is heavily invested.

https://www.propublica.org/article/u-s-commerce-official-still-holds-stake-in-company-linked-to-putin-associates


Hey McTurtle, do you by chance think there is a problem with your confirmation of this Wilbur Ross asshole, you know the "guy" that was a banker in Cyprus, that was laundering money from Russians and that mafia organization, and now leads the Commerce Department, with this underling in tow






2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
U.S. Commerce Official Still Holds Stake in Company Linked to Putin Associates (Original Post) turbinetree Dec 2017 OP
#Corrupt #Trump Administion! riversedge Dec 2017 #1
November 2018 cannot get here fast enough, over 325 days to go turbinetree Dec 2017 #2
Latest Discussions»General Discussion»U.S. Commerce Official St...