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Out of work: Chelsea Clinton's husband Marc Mezvinsky shut down his hedge fund in December just
U.K. Daily Mail ^ | 2/8/2017 | Chris Spargo

Posted on 02/08/2017 6:52:59 PM PST by simpson96

(Full article title: Out of work: Chelsea Clinton's husband Marc Mezvinsky shut down his hedge fund in December just weeks after Hillary lost election)

Marc Mezvinsky quietly shut down his hedge fund Eaglevale Partners back in December.

Bloomberg reports that Mr. Chelsea Clinton and his partners are now working to return money to investors, including Goldman Sachs CEO Lloyd C. Blankfein.

The decision to shutter the fund came just a few weeks after Mezvinsky's mother-in-law Hillary lost the election to president Donald Trump.

Mezvinsky has kept a low profile ever since Hillary's loss in the election, but was photographed by DailyMail.com heading out for a weekday jog in the middle of the afternoon last week.

He and his wife are now both without a full-time job.

(snip)

The failure is a huge personal blow to Mezvinsky, who is also the son of political figures, albeit less well known that his wife's famed parents.

His father, Edward Mezvinsky, represented Iowa's 1st congressional district in the U.S. House of Representatives for two terms in the 1970s and his mother, Marjorie Margolies, represented Pennsylvania from 1993 to 1995.

Ed Mezvinsky pleaded guilty to 31 charges of felony fraud in 2001 and spent five years in federal prison after he admitted scamming his friends and family out of $10 million in a Ponzi scheme.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Crime/Corruption; Politics/Elections; US: Iowa; US: Pennsylvania
KEYWORDS: 201612; bailoutmoney; blankfein; chelseaclinton; chelseahusband; eaglevale; eaglevalepartners; edmezvinsky; edwardmezvinsky; fraud; goldmansachs; hedgefunds; iowa; lloydblankfein; lloydcblankfein; marcmezvinsky; margolies; marjoriemargolies; mezvinsky; moneylaundering
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To: All
Chelsea's hubby set 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.

Not to worry--the Clintons still have the $325 million Greek investor funds stashed.......somewhere.

================================================

It takes a special kind of stupid for Mezvinsky to drop that much cash trading on good inside information ... then again, "special kind of stupid" sure does describe the Mezvinsky family. Read on.

Chelsea's FIL, Ed Mezvinsky, is a former Democratic congressman; he sat on the House Judiciary Committee that decided the fate of Richard Nixon. He was outspoken, saying that Nixon was a crook and a disgrace to politics and the nation and should be impeached.

Later, Mezvinsky served seven years in a federal prison for stealing money from his friends, family and associates through a series of crude Nigerian-based scams. Sap-happy Mezvinsky was targeted as a likely subject for the infamous Nigerian black ink scam.

Edward, a lawyer, was married when he met Chelsea's MIL, Marjorie----they soon got married---but divorced after Edward got conned into several notorious Nigerian-based email financial frauds guaranteed to make you rich.

In his haste to get rich quick, to raise money to get in on these "heaven-sent" investment schemes, Edward defrauded many of his friends and business contacts.....including Marjorie's mother.

Alas, when the Nigerians got their hands on Ed's money, they did a 23-skidoo. Having failed to come up w/ payback, Edward got nabbed by the long arm of the law. Mezvinsky pleaded guilty to 31 of 69 felony counts. He did hard time----spent 7+ years in a federal prison w/ no chance of parole, and still owes $10 million in restitution.

Democrat Congressional 2014 candidate Marjory Margolies is also no stranger to the dollar disease. Because of her husband's felony convictions, she filed for bankruptcy. But the court would NOT discharge her of her debts, finding that she could NOT explain where some $1 million in assets had vanished, in the previous 4 year span...during Mezvitsky's crime spree.

In their heyday, Ed Mezvinsky and then-wife Marjorie, herself a former Democratic congresswoman from Pennsylvania (an ex-TV reporter---and recent election loser), were part of the political and social elite in Philadelphia.

The Mezvinskys were close to Bill and Hillary Clinton and were frequent guests at the White House. Prosecutors say Mezvinsky exploited his ties to the Clintons, including his son's relationship with Chelsea, to woo investors to contribute more money to the Nigerian schemes.

In an interview with Des Moines Register from prison in 2003, Mezvinsky said he found the notoriously fraudulent Nigerian Black Ink scam "convincing."

"The Nigerian man came out with a chemical, threw it on the money, and it all turned to $100 bills. He gave me 10 to have them tested back home. And they were real," Mezvinsky told a reporter.

LOSSES GALORE: 2014 candidate Marjorie was flacked by the Clintons but lost her bid to get back into Congress.

=======================================

REFERENCE Mezvinsky, who married Chelsea Clinton in 2010, founded the investment firm Eaglevale Partners two years later with the help of Goldman Sachs CEO Lloyd Blankfein, a prominent Hillary Clinton supporter. Billionaire investor and Democratic mega-donor Marc Lasry was also an early investor in Eaglevale.

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.

41 posted on 02/08/2017 7:25:24 PM PST by Liz (CoulterÂ’s Law: the MSM's delay in reporting a perp means the less likely it's a white Christian)
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To: simpson96

Who goes running in a down coat? See photo at link.

If cold, wear a hat and mittens.

Something wrong there.


42 posted on 02/08/2017 7:25:35 PM PST by DUMBGRUNT (Go Trump!)
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To: simpson96

It is hard to keep an influence peddling business going when you have no influence to peddle.


43 posted on 02/08/2017 7:25:47 PM PST by Bubba_Leroy (The Obamanation has ended!)
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To: simpson96

They should get Anthony Weiner and Huma to partner with them in a new venture. It’ll be dynamite!


44 posted on 02/08/2017 7:27:11 PM PST by RightGeek (FUBO and the donkey you rode in on)
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To: simpson96

Well SNAP.


45 posted on 02/08/2017 7:28:35 PM PST by kempster
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To: sharkhawk

The BEST of the BEST Nigerian scams was the setup that promised to help people get their lost money back.

For a fee, of course.....

Talk about a rabbit hole.


46 posted on 02/08/2017 7:33:45 PM PST by xrmusn ((6/98)" "Keep Calm & Kill Them All"-Gen J 'MadDog' Mattis USMC")
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To: Secret Agent Man

Yes , they can write poetry or music . Or perhaps create art on an etcho scetch .


47 posted on 02/08/2017 7:44:16 PM PST by katykelly
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To: DUMBGRUNT

“Who goes running in a down coat? See photo at link.”

Who says it’s down? Crook prolly has couple of mil stashed in that coat.


48 posted on 02/08/2017 7:57:03 PM PST by Jyotishi (Seeking the truth, a fact at a time.)
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To: simpson96

Mr. Chelsea Clinton and his partners are now working to return money to investors

LOL


49 posted on 02/08/2017 7:57:04 PM PST by Jolla
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To: simpson96
Bloomberg reports that Mr. Chelsea Clinton and his partners are now working to return money to investors, including Goldman Sachs CEO Lloyd C. Blankfein.

This means that Lloyd recalled his advance payment.

50 posted on 02/08/2017 8:01:45 PM PST by Sgt_Schultze (If a border fence isn't effective, why is there a border fence around the White House?)
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To: BipolarBob

Chris Taylor, on s***-burning detail telling King that he gave up college and volunteered for Vietnam: King:
“You gotta be rich in the first place to think like that.”
Here’s hoping Chelsea gets to try working for a living.


51 posted on 02/08/2017 8:03:59 PM PST by tumblindice (America's founding fathers, all armed conservatives)
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To: simpson96

The Clinton kickbacks continue to generate cash...


52 posted on 02/08/2017 8:05:11 PM PST by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: Jyotishi

“Who says it’s down? Crook prolly has couple of mil stashed in that coat.”

Could be?
Yet, this is the guy that took a walk to be a ski bum.

Could he be that slick?


53 posted on 02/08/2017 8:08:32 PM PST by DUMBGRUNT (Go Trump!)
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To: simpson96

Hillary and Huma will be needing a houseboy in their new penthouse apartment in Qatar.


54 posted on 02/08/2017 8:14:43 PM PST by Iron Munro (If Illegals voted Rebublican 66 Million Democrats Would Be Screaming "Build The Wall!")
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To: gaijin

She may not have Bette Davis eyes, but those, sure as hell, are Webb Hubbell lips!


55 posted on 02/08/2017 8:15:36 PM PST by Rembrandt (Part of the 51% who pay Federal taxes)
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To: simpson96
He can have Bernie Madoff's old cell.

56 posted on 02/08/2017 8:17:27 PM PST by Right Wing Assault (Kill: TWITTER, FACEBOOK, CNN, ESPN, NFL)
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To: simpson96

They could sell it for $11,000,000, buy another one for $3,000,000 and have $8,000,000 to give to the poor and needy because, as Chelsea says, “ Money doesn’t mean anything to me”.


57 posted on 02/08/2017 8:19:39 PM PST by InvisibleChurch (https://thepurginglutheran.wordpress.com)
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To: Bubba_Leroy

Ironic that Trump’s win results in him and his family members taking financial losses, while the Clintons take a hit when they lose the election.


58 posted on 02/08/2017 8:37:29 PM PST by leftcoaster
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To: Jolla

Mr. Chelsea Clinton and his partners are now working to return money to investors

LOL

*******

And O.J. was going to find the real killer.


59 posted on 02/08/2017 8:39:40 PM PST by leftcoaster
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To: simpson96

Hmm, why would he close the fund just after Hillary lost?

Something smells like three week old rotten eggs.

Were his investors palls with Hillary, looking for pay to play?


60 posted on 02/08/2017 8:46:44 PM PST by DoughtyOne (NeverTrump, a movement that was revealed to be a movement. Thank heaven we flushed!)
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