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mahatmakanejeeves

(56,897 posts)
Tue Oct 3, 2017, 09:59 PM Oct 2017

Hedge fund billionaire flew top Mnuchin aide on private jet to Palm Beach

Source: Washington Post

Hedge fund billionaire flew top Mnuchin aide on private jet to Palm Beach

By Damian Paletta and Tom Hamburger October 3 at 12:36 PM

Treasury Secretary Steven Mnuchin’s top aide flew on a hedge fund billionaire’s private jet to Palm Beach several months ago, people familiar with the trip said, the latest example of senior Trump administration officials using luxury air travel even though it often raises red flags with ethics officials.

Eli Miller, Mnuchin’s chief of staff, flew with Nelson Peltz, a founding partner of New York-based Trian Fund Management on the trip. Peltz is an activist shareholder who has sought a board seat at Procter & Gamble, seeking to shake up management. He has spoken glowingly about Trump's proposal to slash tax rates on businesses and the wealthy, which is something designed in large part by senior Treasury officials.

Rich Delmar, counsel to the Treasury Department’s inspector general, said they have launched an inquiry into Miller’s trip on the private jet following the Washington Post report. ... A Treasury Department spokesman confirmed the trip but denied there were any ethical issues. ... “The Treasury ethics office advised Mr. Miller that he was permitted to accept a seat on a plane from a friend with whom he has a preexisting relationship under federal ethics law,” the spokesman said.
....

Peltz has a large estate in Palm Beach that several media outlets have said is worth between $100 million and $200 million.


Tom Hamburger covers the intersection of money and politics for The Washington Post. Follow @thamburger

Read more: https://www.washingtonpost.com/news/wonk/wp/2017/10/03/hedge-fund-billionaire-flew-top-mnuchin-aide-on-private-jet-to-palm-beach/

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Hedge fund billionaire flew top Mnuchin aide on private jet to Palm Beach (Original Post) mahatmakanejeeves Oct 2017 OP
Conflict of Interest? Best_man23 Oct 2017 #1
Conflict of interest only exists under dem administrations. AJT Oct 2017 #2
More like corruption on an industrial scale. Fred Sanders Oct 2017 #3
Preexisting relationship? So what? KY_EnviroGuy Oct 2017 #4
Total corruption. democratisphere Oct 2017 #5
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