Trump’s Secretary Of Commerce Wilbur Ross Accused Of Stealing More Than $120 Million
Secretary Of Commerce Wilbur Ross has been accused of stealing more than $120 million from business associates.
Forbes interviewed 21 people who have worked with Ross:
Many of those who worked directly with him claim that Ross wrongly siphoned or outright stole a few million here and a few million there, huge amounts for most but not necessarily for the commerce secretary.
At least if you consider them individually. But all told, these allegations—which sparked lawsuits, reimbursements and an SEC fine—come to more than $120 million.
If even half of the accusations are legitimate, the current United States secretary of commerce could rank among the biggest grifters in American history.
Ross hit back in a statement: “The SEC has never initiated any enforcement action against me.”
However, Forbes notes that the SEC fined Ross’ firm $2.3 million in 2016:
[Ross] noted that one lawsuit against him got dismissed, without saying it is currently going through the appeals process. Ross confirmed settling two other cases.
In one of those cases, a private equity manager, David Storper, filed a $4 million lawsuit against Ross for allegedly stealing interests in a private equity fund when they worked at WL Ross & Co.
Two weeks ago, before the trial began, Ross and Storper agreed to a confidential settlement.
New York financier Asher Edelman told Forbes:
He’ll push the edge of truthfulness and use whatever power he has to grab assets.
Another of Ross’ former colleagues added:
He’s a pathological liar.
Two former colleagues recalled Ross took handfuls of Sweet’ N Low packets from a restaurant near his office, but a Ross spokesman disputed that story and denied that Ross sweetens his coffee.