Since its inception, Eaglevale has posted what the New York Times described as “uneven performance.” Mezvinsky’s financial trouble is unlikely to concern wife Chelsea, who has said she could never bring herself to care about money. That didn’t stop her from turning down a $600,000 annual salary at NBC News to do basically nothing except interview the Geico gecko from time to time.
The money-losing couple lives in a luxury $10 million luxury condo in Manhattan’s trendy Flatiron District. Chelsea's hubby setting up a Greek bond fund with his financiers, Goldman Sachs. Secretary of State Hillary helped out-- allegedly sharing classified information to help her SIL.
Mezvinsky's $325 million basket of offshore funds under the Eaglevale Partners hedge fund lost tens of millions of dollars. Mezvinsky's exclusive Greek debt fund suffered near-total losses....and ended up shuttering the disastrous hedger.
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It takes a special kind of stupid for Mezvinsky to drop that much cash trading on good inside information ... then again, "special kid of stupid"....sure does describe the Mezvinsky family.......SIL's father did 10 years for scamming in an effort to get rich in a (it for it)...Nigerian deal.
Chelsea’s father in law Edward Mezvinsky (per Wiki)
Beginning in the early 1990s, Mezvinsky used a wide variety of 419 scams. According to a federal prosecutor, Mezvinsky conned using “just about every different kind of African-based scam we’ve ever seen.”[11] The scams promise that the victim will receive large profits, but first a small down payment is required.
To raise the funds needed to front the money for the fraudulent investment schemes he was being offered, Mezvinsky tapped his network of former political contacts, dropping the name of the Clinton family to convince unwitting marks to give him money.[12]
In March 2001, Mezvinsky was indicted and later pleaded guilty to 31 of 69 felony charges of bank fraud, mail fraud, and wire fraud.[13] Nearly $10 million was involved in the crimes. Shortly after his indictment, he was diagnosed with bipolar disorder, but the judge at his trial disallowed a mental illness defense.[5] He entered prison in February 2003, and served his time at Federal Prison Camp, Eglin.[14] Mezvinsky, Federal Bureau of Prisons # 55040-066, was released in April 2008, after 5 years.[15]
He remained on federal probation until 2011, and as of 2010 still owed $9.4 million in restitution to his victims.[16]
Why bother? She got a job at the Clinton foundation making more than that for doing.......well pretty much nothing.