Billionaire Wilbur Ross, 79, was sworn in today as secretary of commerce. According to DC Report, Ross' "role as Vice Chair and a leading investor in the Bank of Cyprus, the largest bank in Cyprus, one of the key offshore havens for illicit Russian finance," makes him a poor choice for this position. But the Senate voted 72-27 to confirm him anyway.
Ross’ involvement in the Bank of Cyprus raises many questions about his judgment, but also about the Trump Administration’s seemingly endless direct and indirect connections with friends and associates of Vladimir Putin, who all 17 U.S. intelligence agencies say conspired to interfere in the November 2016 U.S. election on behalf of Donald Trump.
Whether or not these connections involve any criminality, these are the kind of relationships that most American business people would not tolerate for 30 seconds.
After all, as discussed below, since the 1990s Cyprus has served as one the top three offshore destinations for Russian and former Soviet Union flight capital, most of it motivated by tax dodging, kleptocracy, and money laundering. As of 2013, just before the banking crisis, Russian deposits accounted for at least a third of all bank deposits in Cyprus. As one leading newspaper put it, “Russian money is in fact at the heart of the island’s economy.”
The Bank of Cyprus caters to the island nation’s large Russian population.
Nor is Ross’ Bank of Cyprus in particular – now probably at least half owned by Russians, as we‘ll see -- any stranger to money laundering, tax dodging, or odious finance. With a market share of 30 percent, Bank of Cyprus has long been the market leader in Cypriot financial chicanery.
Remember that Trump associate who resigned as deputy finance chair of the Republican National Committee last week after news came out he’d hired Michael Cohen to negotiate a $1.6 million deal to buy the silence of Playboy model he impregnated? His name is Elliott Broidy and, The Intercept has a new story about how Broidy […]
ABC News reports that sources have told it that the special counsel investigating Russia-Trump collusion in the 2016 election has turned its attention to Trump campaign ties to Cambridge Analytica. Cambridge Analytica was brought on by then-Trump campaign digital advisor Brad Parscale in early June 2016, after the data science firm pitched him on its […]
A post shared by Настя Рыбка (@nastya_rybka.ru) on Feb 23, 2018 at 11:41pm PST Nastya Rybka (aka Anastasia Vashukevich) (Instagram/NSFW) is a Belarusian “sex expert” who just got thrown into a Thai jail for conducting a “sex training” seminar. She has released videos of a yacht trip she took with Russian billionaire Oleg Deripaska and […]
Your pet might be photogenic, but getting them to stare long enough at your camera to snap that Instagram-worthy photo isn’t as simple as telling them to sit. Bribing your pets with their favorite treat, however, might just do the trick, and with the Adjustable Pet Selfie Smartphone Attachment, you can do just that while getting […]
The cybersecurity landscape is changing, and now one of the most effective ways to counter hacking threats is to employ another hacker against them. Commonly referred to as ethical hackers, these professionals use a cybercriminal’s tools against them, checking networks for vulnerabilities and patching them up before they can be exploited. The Certified Ethical Hacker Bootcamp […]
The human eye is a powerful thing, but it’s not so great at seeing in the dark or around tight spaces, which is partially why most of us struggle with unplugging drains, cleaning under the fridge, and other hard-to-reach jobs. This 1080p HD Waterproof WiFi Wireless Endoscopic Camera, however, gives you the flexibility necessary to get […]