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The Case of Wilbur Ross' Phantom $2 Billion

LewisBraham
in Fund Discussions
Pretty good story. Turns out he counted the assets in his funds as his own personal assets and is being sued by former employees for keeping their portion of fund profits:
https://forbes.com/sites/danalexander/2017/11/07/the-case-of-wilbur-ross-phantom-2-billion/#1ec984d67515

Comments

  • MarkMark
    Huh. I thought the swamp was supposed to be draining not getting deeper. Oh well, live and learn.
  • msf
    Try looking on the bright side. The swamp just became one billionaire smaller.

    (For those not reading the article, after subtracting off Ross' phantom $2B, he's out of the billionaires club.)
  • Sven
    Interestingly, many rich people are hiding their money while not attracting attention. Ross is inflating his asset so that he can further his ambition. Forbes did a good job detailing Ross's money trail. Trouble is he heads up the Department of Commerce.
  • Old_JoeOld_Joe
    More and more a third-world government.
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