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 ...
And at the recent N.B.A. All-Star Game, Mr. Mezvinsky took a seat next to Mr. Clinton and his partner in charitable endeavors, Dikembe Mutombo, the former basketball star.
Beyond the glamour, being part of the Clinton family has provided Mr. Mezvinsky with another perk: access to wealthy investors with ties to the Clintons.
When Mr. Mezvinsky and his partners began raising money in 2011 for a new hedge fund firm, Eaglevale Partners, a number of investors in the firm were longtime supporters of the Clintons, according to interviews and financial documents reviewed by The New York Times. Tens of millions of dollars raised by Eaglevale can be attributed to investors with some relationship or link to the Clintons.
The investors include billionaire hedge fund managers like Marc Lasry* and James Leitner; an overseas money management firm connected to the Rothschild family; and people from Goldman Sachs, including the chief executive, Lloyd C. Blankfein. Some of the investors in Eaglevale have contributed campaign money to the former president and Mrs. Clinton. Some have also contributed to the family’s foundation.
Rest here: http://www.nytimes.com/2015/03/23/business/dealbook/for-clintons-a-hedge-fund-in-the-family.html?_r=0
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*“THE DC SWAMP UP CLOSE: <><> Lasry’s son, Alexander, worked for Obama’s Senior Adviser Valerie Jarrett. <><> Lasry’s daughter, Samantha, was a staffer for then-Cong Rahm Emanuel. <><>Emanuel was a top Clinton aide AND a Goldman Sachs lobbyist simultaneously. <><> Emanuel became Obama’s COS AND ran the Dept of Treasury simultaneously. <><> Emanuel is now mayor of Obama’s hometown,Chicago. “
Trouble in Paradise.
It is disgusting that influence is peddled so openly; like Third World nonsense.
Good thing the Clinton Foundation is around to help a young, struggling unemployed couple—living in a $10 million luxury apartment.
Illegal if so.
“i think Chelsea wants to go into politics for money, but she is more of a dead fish than her mother.”
I was concerned about another Kennedy-style dynasty. When I read Chelsea was giving speeches I looked them up on YouTube. She got a wonderful greeting each time and proceeded to give painfully boring highschoolish speeches. Because she gets such a great response she will never improve. She has negative charisma. She makes Debbie Wasserman Shultz sound like Robin Williams.
Let me post this earnestly. Chelsea Clinton in a criminal who conspired to and did act as a co party in the taking of bribes for her mother as Secretary of state at great financial benefit!! She got MILLIONS in the bribery conspiracy and needs serious prison internment.
Let’s not forget the house Bill & Hill bought next to their house as a summer get away for Mr. & Mrs. Chelsea Clinton. 8>)
Isn’t the whole Clinton Floundation nothing but a big hedge fund? Betting against the United States.
Folks, recall that Clinton turned 1k into 100k trading futures. She did that by having a broker park trades in her account, that weren’t really hers. Her income and net worth at the time were not in accordance with the trades that were credited to her.
To this day, I have to report time and date on my trades for clients. Not that anyone checks...
These hedge funds probably make very good ways to launder money. Unlike many sec/finra regulated operations, these hedge funds have far less oversight or regulation.
IN the case of this one, the money just vanishing isn’t a surprise, and it also would be no surprise that there aren’t people “complaining that they lost their money”.
Hillary made a special effort to make friends w/ Wall Street.
Then-US Sens Clinton and Corzine.
Corzine was fresh out of Goldman Sachs executive suite. Corzine came from Wall Street to Capitol Hill. Then back to Wall Street to head a company that hired Bill Clinton @ $50,000 per month, AND also misplaced $1.3 Billion investor dollars.
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THE CLINTON CORZINE CONNECTION: The NY Post reported Dec 2011 that Teneo was advising MF Global, the doomed international brokerage firm headed by former New Jersey Gov. Jon Corzine (and ex-US Senator). The firm paid Teneo an eye-popping $125,000 a month as it was imploding and losing millions for its investors. Bill Clinton was also pocketing at MF Global--- an astounding $50,000 per month.
EXHIBIT ONE Corzine was fresh out of Goldman Sachs executive suite, buying his NJ Senate seat office for $65 million; then buying the NJ governorship. Out of office, he ran a hedge fund where $1.5 B went missing....its advisor Teneo was connected to both Bill Clinton and then-Secy of State Hillary's top aide Huma Abedin.
EXHIBIT TWO When Chelsea Clinton's husband started a hedge fund, he gained access to investors who had ties to the Clintons and to Goldman Sachs. Back in 2011, Mezvinsky, now 37, and two former Goldman Sachs'ers — Bennett Grau and Mark Mallon — began raising money for Mezvinsky's Eaglevale Partners LP hedge fund.
Some of Mezvinsky's "investors" included Goldman Sachs CEO Lloyd Blankfein. Blankfein, a slavish Democrat supporter, said he had "always been a fan of Hillary Clinton."
The WSJ reported extensively on the hedge fund's underperformance since its inception and Mezvinsky's mediocre investing and strategizing.
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THIS JUST IN---Bloomberg is reporting G/S's CEO Lloyd Blankfien is a newly-minted billionaire---and also has his own Foundation.
Mmmmmmmm....the sound of wire-transfers is almost palpable.
The IRS says the biggest money laundering, tax evasion fraud is one Foundation writing a check to another Foundation. The check receiver takes a cut, then wire- transfers the bulk to an offshore bank for the check-writer's use later ----- the way these "humanitarians" skim off-tax free money for themselves.
Gee, I wonder if he invested because of Hillary and the possibility of her being president?
Wow!!!
Nice work if you can get it!
Those are VERY “lowball” figures!
Ed Mezvinsky actually fell for a Nigerian scam. I believe it was the black money scam. Where the scammers tell the sap that they have millions of dollars that have black ink on the bills, and they can wash them off, they just need the idiot to give them money for the chemicals. Greedy, because even if it was real, the money had to be the stolen, Idiotic because why would they pick this person to be able to make millions of dollars, when they have the chemicals.
You are far more generous than I...
No skills, nothing under the hat IMO.
I’m a 25 yr RIA. If anyone needs a volunteer to uncover fraud to expose these criminals...I’m volunteering.
I sure hope Trump cleans house on the regulatory bodies and has them dig backwards about 24 years.
My gasted was flabbered when she made that remark. I'll never forget that to my dying day for someone to make a statement like that.
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