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The Case Of [Trump's Treasury Secretary] Wilbur Ross' Phantom $2 Billion
Forbes ^ | 07 November 2017 | Dan Alexander

Posted on 11/07/2017 12:49:16 PM PST by zeestephen

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Looks like Wilbur Ross will be the next Trump appointment to resign...

Ross lied about his net worth to Forbes on several occasions.

Ross failed to fully inform Congress about his Russian business dealings.

And, in 1990, in a controversial business transaction, Ross helped Trump keep half ownership of Trump's bankrupt casino.

From Forbes Magazine:

"...the financial-disclosure forms Ross filed after his nomination to President Donald Trump's Cabinet...showed less than $700 million in assets..."

"Ross protested, citing trusts for his family that he said he did not have to disclose in federal filings."

"That money never existed. It seems clear that Ross lied to us, the latest in an apparent sequence of fibs, exaggerations, omissions, fabrications and whoppers that have been going on with Forbes since 2004."

"In addition to just padding his ego, Ross' machinations [being on the Forbes 400] helped bolster his standing in a way that translated into business opportunities."

"But Ross' questionable assertions to Forbes, combined with a recent controversy about a multimillion-dollar stake in a shipping company that does big business with close associates of Vladimir Putin, paint a clearer picture of the commerce secretary's tactics."

"Ross eventually brokered a deal among Trump, debt holder Carl Icahn and Ross' own clients that allowed Trump to keep a 50% stake. "I think [Ross] is very talented, a fantastic negotiator," Trump said at the time.

1 posted on 11/07/2017 12:49:16 PM PST by zeestephen
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To: zeestephen

Long knives out for Wilbur and Mnuchin this week...


2 posted on 11/07/2017 12:52:12 PM PST by pgkdan (The Silent Majority STILL Stands With TRUMP!)
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To: zeestephen

What is with you people?????

FAKE !!!!!!

Stop embarrassing Free Republic!


3 posted on 11/07/2017 12:58:16 PM PST by Guenevere
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To: pgkdan
Re: “Long knives out for Wilbur and Mnuchin this week...”

One problem with that theory.

This information comes from Forbes magazine.

Steve Forbes publicly supported and voted for Donald Trump.

4 posted on 11/07/2017 12:59:56 PM PST by zeestephen
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To: zeestephen

Nothin here is a problem for Ross. Nobody inflates his net worth more than Donald Trump.


5 posted on 11/07/2017 1:00:03 PM PST by Alberta's Child ("Tell them to stand!" -- President Trump, 9/23/2017)
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To: Guenevere

Re: FAKE !!!!!!

The information comes from Forbes magazine.

Steve Forbes publicly supported and voted for Donald Trump.


6 posted on 11/07/2017 1:01:48 PM PST by zeestephen
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To: zeestephen

I hold publisher Rich Karlgaard responsible.


7 posted on 11/07/2017 1:05:02 PM PST by Lisbon1940 (No full-term Governors (at the time of election!)
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To: zeestephen
Steve Forbes publicly supported and voted for Donald Trump.

I remember reading that Wilbur Ross was a good friend of Malcolm Forbes and is very friendly with Steve Forbes. Just something that I read, nothing that I have any first, second or third hand knowledge of.

But that said every once in a while I read things in Forbes that I know don't represent Steve Forbe's opinions so he probably stays hands off on most reporting.

8 posted on 11/07/2017 1:07:26 PM PST by pgkdan (The Silent Majority STILL Stands With TRUMP!)
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BS! I don't believe Wilbur Ross doesn't have a measely $2 Billion!!
9 posted on 11/07/2017 1:31:44 PM PST by KavMan
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To: KavMan
Re: "BS! I don't believe Wilbur Ross doesn't have a measly $2 Billion!!”

Ross told Congress he has $700 million.

He told Forbes magazine the rest of the money is in Trusts that he created immediately after the election.

However, when Forbes asked to see documentation that Ross created Trusts after the election, Ross refused to provide any documentation because of privacy issues.

10 posted on 11/07/2017 1:40:59 PM PST by zeestephen
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To: zeestephen

By the way Ross is the Commerce Secretary, not the Treasury Secretary, somebody might want to tell Forbes.

Forbes, when Malcom Forbes was alive and Editor, a great business magazine. I could read it cover to cover. Today no longer, I quit as a subscriber two or three years ago. Too many bad changes and Steve Forbes is more RINO now than he ever was.


11 posted on 11/07/2017 1:46:00 PM PST by Captain Peter Blood
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To: pgkdan

Forbes sold itself a few years back.


12 posted on 11/07/2017 1:46:50 PM PST by Captain Peter Blood
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To: zeestephen
Ross told Congress he has $700 million.

He told Forbes magazine the rest of the money is in Trusts that he created immediately after the election.

However, when Forbes asked to see documentation that Ross created Trusts after the election, Ross refused to provide any documentation because of privacy issues.



So since Wilbur refused to show Forbes, documentation of his net worth, they are saying he isn't a Billionaire?

I saw this news TRENDING on Twitter all morning! LOL

13 posted on 11/07/2017 1:46:53 PM PST by KavMan
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To: pgkdan

Punishing good people in thus Kafkaesque nightmare.

Who wants to do public service with this psychotic hatred unleashed. With the vengeance of the Establishment, trying to destroy all conservatives. Now they have Mueller’s goons looking for any crime they can find - when in America today every businessman, commits 3 felonies a day, even if he stays in bed all day.

It is scary.


14 posted on 11/07/2017 1:51:25 PM PST by Titus-Maximus (It doesn't matter who votes for whom, it only matters who counts the votes - Joe Stalin)
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To: zeestephen

So F’ing what $2.50 or $200,000,000,000,000,000,000,..

Anything to screw with The First Real President that has ever run The United States of America.

I’m so sick of this crap. Let President Trump do His Job.

Go after hitlary and x42 whoredog.


15 posted on 11/07/2017 1:51:37 PM PST by mabarker1 (Progress- the opposite of congress)
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To: KavMan

Actually, Forbes has questioned Ross about his net worth for the last 13 years.

Ross continually claimed that he was worth more than Forbes said he was.

However, every time that Forbes asked Ross to document his claims, Ross refused.


16 posted on 11/07/2017 1:54:14 PM PST by zeestephen
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To: Titus-Maximus

It is scary and you’re absolutely right. This stuff is DESIGNED to drive good people out of public service. The swamp feeds it’s own and eats the rest.


17 posted on 11/07/2017 1:54:24 PM PST by pgkdan (The Silent Majority STILL Stands With TRUMP!)
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To: zeestephen
Just because they believe he lied to them does not mean he did. If he did in fact create trusts & they do not have to be reported then I see no reason why he has to report it. If he is lying, so what? Is it a crime to exaggerate his wealth?

To me this is pretty much a non story.

18 posted on 11/07/2017 1:56:54 PM PST by Robert DeLong
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To: Robert DeLong

These guys have money all,over the place....Forbes is just guessing..two billion or three who cares..


19 posted on 11/07/2017 2:19:49 PM PST by Hojczyk
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To: zeestephen
Ross lied about his net worth to Forbes on several occasions.

Is that a crime?

20 posted on 11/07/2017 3:01:07 PM PST by NutsOnYew (If the world was perfect, it wouldn't be.)
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