Trump's New Finance Chairman Was Sued Over Madoff Fraud Profit

[Chosen Daughter]

Trump's New Finance Chairman Was Sued Over Madoff Fraud Profit

Steven Mnuchin, a business associate of Trump’s and also chairman and chief executive officer of Dune Capital Management LP, was named to the Republican presidential candidate’s campaign on Thursday. Mnuchin was linked to Madoff through the estate of his late mother, whose roughly $2 million investment with the financier more than doubled to $5.2 million.

When Mnuchin’s mother, Elaine Cooper, died in February 2005, he and his brother Alan Mnuchin were named as beneficiaries and executors of her estate. Within a few months, $5.2 million was withdrawn from her account at Bernard L. Madoff Securities LLC. Three years later, on Dec. 11, 2008, Madoff was arrested. Picard said $3.2 million of that was fake profit that Madoff had stolen from others.

http://finance.yahoo.com/news/trumps-finance-chairman-sued-over-011936136.html

Well it begins.  The news full of stories about how Trump and his new cabinet likes to rip off the regular wage earning Americans.  Great choice Chump Trump!  Any blue collar workers that believe a Trump Administration is for you are chumps too.

[Bigun]

Trump is a Clintoon/Soros puppet! They pull the strings and he jumps!

[bilo]

Trump's New Finance Chairman Was Sued Over Madoff Fraud Profit

Steven Mnuchin, a business associate of Trump’s and also chairman and chief executive officer of Dune Capital Management LP, was named to the Republican presidential candidate’s campaign on Thursday. Mnuchin was linked to Madoff through the estate of his late mother, whose roughly $2 million investment with the financier more than doubled to $5.2 million.

When Mnuchin’s mother, Elaine Cooper, died in February 2005, he and his brother Alan Mnuchin were named as beneficiaries and executors of her estate. Within a few months, $5.2 million was withdrawn from her account at Bernard L. Madoff Securities LLC. Three years later, on Dec. 11, 2008, Madoff was arrested. Picard said $3.2 million of that was fake profit that Madoff had stolen from others.

http://finance.yahoo.com/news/trumps-finance-chairman-sued-over-011936136.html

Well it begins.  The news full of stories about how Trump and his new cabinet likes to rip off the regular wage earning Americans.  Great choice Chump Trump!  Any blue collar workers that believe a Trump Administration is for you are chumps too.

I don't think it's reasonable to be critical of Munchin on this. If he was involved in the fraud it would be criminal. It's pretty common for heirs to liguidate the estate to divide the proceeds.

I think what is more than reasonable is to point out how Munchin is just one example of how Trump has played his followers for fools. Munchin is a well connected wall street insider. He worked for Goldman Saks for 17 years. He's worked with George Soros for a long time. He's a big time contributor to Rats. He's an inside Hollywood investor as one of the chief executives of Dune Entertainment. He's everything that Trump said he was against before he got the nomination.

Is it any surprise with bringing Munchin on board that now Trump is "rethinking" his minimum wage position, or that he's now decided his tax proposals are only an opening position in a negotiation and that taxes will probably have to go up.

I wonder if Munchin had any input on the "lets not pay the full amount on our debt obligation" comment.

People were warned.

[Chosen Daughter]

I don't think it's reasonable to be critical of Munchin on this. If he was involved in the fraud it would be criminal. It's pretty common for heirs to liguidate the estate to divide the proceeds.

I think what is more than reasonable is to point out how Munchin is just one example of how Trump has played his followers for fools. Munchin is a well connected wall street insider. He worked for Goldman Saks for 17 years. He's worked with George Soros for a long time. He's a big time contributor to Rats. He's an inside Hollywood investor as one of the chief executives of Dune Entertainment. He's everything that Trump said he was against before he got the nomination.

Is it any surprise with bringing Munchin on board that now Trump is "rethinking" his minimum wage position, or that he's now decided his tax proposals are only an opening position in a negotiation and that taxes will probably have to go up.

I wonder if Munchin had any input on the "lets not pay the full amount on our debt obligation" comment.

People were warned.

Yes they were warned.  I disagree though we can be critical.  The only reason the case dropped was because of time.  He made money off of people who were scammed.

[bilo]

Yes they were warned.  I disagree though we can be critical.  The only reason the case dropped was because of time.  He made money off of people who were scammed.

Yes, but did his mom know it was a scam? We will never know. She's dead.