The Lutnick family tariff refund grift.

[hay rick]

When Harold Lutnick was confirmed as Commerce Secretary, he transferred contol of the investment bank, Cantor Fitzgerald, to his son Brandon. Brandon Lutnick and his brother Kyle are building a crypto business with Trump's sons, Don Jr. and Eric.

From the Democracy Labs Bulletin:

“20 to 30 cents on the dollar” is the specific rate at which Cantor was reportedly buying refund claims before the February 20 ruling. The Penn Wharton Budget Model figure of $175 billion, which is the official baseline for total possible refunds following the “Liberation Day” tariff defeat. Brandon (27) and Kyle (29) reportedly own an 80% share of the firm, making the “divestment” claim a primary focus of the House Oversight “Extraction Culture” report. “IEEPA Rights” is the the financial product at the center of the scandal.

[Traildogbob]

1. If there will be any refund budget

For truffle rebates, It will be worse than the Covid cash where rich and criminal elites like MTG will cash in with 10’s and 10’s of thousands while us peasants and beggars will barely get a crumb of stale bread.
Those billions are already in trumps offshore. That is why he is so pissed, he really died not give a shit about trade and the tax payers here. His scam will lose billions More that he and his peeps are pocketing.

[Strelnikov_]

5. Agree . . Tariff refunds are a non-starter

The only people who will benefit are the well connected. The people that paid the tariff, us, will not see a dime.

The money is in the Treasury (in theory) . . the nation has a budget deficit . . . just leave it there. The same people who paid the tariff also are responsible for the national debt.

Starting to wonder if the tariff rebate was not the ultimate scam in all this.

Illegal tariffs > buy futures > court ruling > profit!!!!

[dalton99a]

2. The Lutnicks are scum.

[Strelnikov_]

6. Yes they are

Sure you saw what they pulled on the 9/11 settlement with American Airlines

[Sweet Rosie Red]

3. Rotten Orange's kickback is probably 30%

And the grift goes on…….

[badhair77]

4. They're all family people. Yep, it's all about

the family for the Brotherhood of Crooks and Cronies. Keep it in the family. Corruption everywhere.