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|    Power Underreported Investments by Nearl    |
|    27 Dec 21 11:26:42    |
      XPost: alt.politics.republicans, tx.politics.republic, seattle.politics       XPost: alt.fan.sean-hannity, rec.arts.tv, alt.global-warming       From: except_you_faggots@cnn.com              Watchdog group calls for ethics investigation into USAID chief              U.S. Agency for International Development administrator Samantha       Power in her financial disclosure report significantly underreported       the value of her investments, a discrepancy that could have       prevented the Senate from accurately vetting her financial records,       according to a formal complaint filed with the Office of Government       Ethics.              Power lowballed the amount she held in a Cayman Islands-based       investment fund by nearly $1 million. She said she held a stake in       the fund valued between $50,000 and $100,000, according to a copy of       her financial disclosure report filed in February ahead of her       Senate confirmation and reviewed by the Washington Free Beacon. But       when she sold off the holding in June, as required by a federal       ethics agreement, Power listed the sale as between $1,000,001 and       $5,000,000—at least 10 times higher than the value four months       before, according to the American Accountability Foundation watchdog       group, which filed the ethics complaint.              The group is calling on the Office of Government Ethics to       investigate the disparity and says Power may have run afoul of       ethics laws.              "As the head of a government agency, Administrator Power is expected       to be above reproach and to comport to the highest level of ethical       behavior," said Matthew Buckham, the leader of the American       Accountability Foundation, in a Monday letter to Office of       Government Ethics director Emory Rounds. "Due to the large       discrepancy between Ms. Power's initial reporting prior to her       confirmation and the report filed at the sale of her assets, we urge       the Office of Government Ethics to investigate the matter for any       potential misconduct that may have occurred."              Buckham said the difference could be due to Power's assets' growing       in value but noted that the increase was significant enough to       warrant investigation.              "Ms. Power needs to answer whether she had prior knowledge of the       value of her asset with The Social+Capital Partnership GP III, L.P.       and why she reported it significantly lower than what she obtained       from the sale," said Buckham.              USAID did not respond to a request for comment.              As a federal nominee, Power was required to disclose the "identity       and category of value" of any property or investments held in the       previous calendar year that has a "fair market value which exceeds       $1,000," according to federal law. Individuals who intentionally       falsify or omit information on the financial disclosure form can be       subject to a fine of up to $50,000 and prison time of up to one       year.              Power, a former Obama administration official, has served as the       administrator of USAID since May, where she oversees the       distribution and monitoring of over half of the foreign aid budget.              The Social+Capital Partnership GP III, L.P. is a Cayman Islands-       based private equity fund connected to Social Capital, a Silicon       Valley venture capital firm founded by tech investor Chamath       Palihapitiya. The firm has investments in startup companies around       the world and close connections with Democratic Party insiders. Bill       and Hillary Clinton son-in-law Marc Mezvinsky was a vice chairman at       Social Capital.              In addition to Power's stake in the fund, she also served as an       adviser to Social Capital until she stepped down to become USAID       administrator. Secretary of State Antony Blinken held a six-figure       investment and advisory role with the company until earlier this       year.              Power was at the center of several controversies during the Obama       administration. As ambassador to the United Nations toward the end       of the Obama administration, she reportedly "unmasked" the names of       hundreds of Americans identified in intelligence reports—a practice       that some congressional Republicans say was abused to target Trump       campaign officials and Democrats' other adversaries.              During Power's confirmation, she was grilled by Sen. Chuck Grassley       (R., Iowa) over allegedly trying to get a terror-designated charity       group, the Islamic Relief Agency, removed from the U.S. sanctions       list.                     https://freebeacon.com/biden-administration/power-underreported-       investments-by-nearly-1-million-ahead-of-senate-confirmation-       complaint-alleges/              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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