Posted on 05/12/2016 3:11:18 PM PDT by Cecily
Chelsea Clinton's hedge fund boss husband has refused to apologize to investors - despite losing nearly $25 million in a calamitous gamble on the Greek economy.
Marc Mezvinsky, 38, persuaded clients to pour cash into the struggling European country in the hope it would bounce back and deliver massive profits. But after buying up government debt and bank stock, the dramatic upturn he and his partners predicted failed to materialize and the fund's value plunged by an estimated 90 percent.
Mezvinsky and former Goldman Sachs colleagues Bennett Grau and Mark Mallon are reported to have finally pulled the plug on the failed investment last month.
(Excerpt) Read more at dailymail.co.uk ...
In any other case, if a fund manager lost 90 PERCENT OF HIS CLIENTS INVESTMENTS would it not be front page of Wall Street Journal and NYT news?
I’m not sure why you think he’ll have trouble getting another gig. This is the second time he has cratered a fund. I’m sure he’ll not only be keeping his job, but will be running another scam soon.
Bwahahahahahahahahahhahahaha!
He fits right in with the Clintons...
(Excerpt) Read more at judicialwatch.org ... On September 15, in a telephone call with then-Egyptian Foreign Minister Mohamed Amr, Secy Clinton emphatically portrayed the stupid, very offensive film as the root cause of the Benghazi violence. Clinton told Amr, I have repeatedly, as has the President and other officials in our government, deplored not only the content of this stupid, very offensive film But we have to exercise more self-discipline otherwise well be in a vicious downward circle against everyone who has ever felt offended, particularly on the internet .
After referring to Benghazi, Secy Clintons telephone call with then-Egyptian Foreign Minister Mohamed Amr also contained a curious reference to what the former secretary referred to as a very successful investment visit led by my deputy Tom Nides, and, on the very day they left, this series of incidents began to unfold.
According to the Washington Post, Nides, who was deputy secretary for management and resources at the State Department, was at the same time responsible for communications with donors to the Clinton Foundation. Nides was also involved in the scandal involving Clintons efforts to provide special access to State Department officials for hedge fund clients of her son-in-law, Marc Mezvinsky.
more below
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Then-Sen 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 dollars for themselves.
Is that a term for doing coke?
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