BILLIONAIRE HEDGE FUNDER BACKING BREITBART AND BANNON MAY OWE VAST PROFITS (~80% A YEAR) TO MONEY LAUNDERING OPERATIONS ALSO INVOLVING RUSSIA. BANNON COULD EVEN STILL BE BEING PAID HIS BREITBART SALARY WITH ILLICIT RUSSIAN? MONEY


The Mercers, a secretive family whose hedge fund has ties to Russia  and Deutsche Bank, like Donald and Ivanka and Jared Kushner, are financing the website Breitbart, and they may even still be paying the salary of Donald Trump’s adviser, Steve Bannon, it has emerged.

The opaque fund has been turning out staggering profits of almost 80% a year for more than a decade, fuelling speculation about its business model.

Bannon and Rebekah Mercer, a daughter of hedge fund billionaire Robert Mercer, have played a key role in trying to download the latest phase of the Globalist attempt to set up a technocratic one world government into the core of Trump’s White House policies, specifically dismantling US institutions and polarizing society.

Both Bannon and Mercer have also clashed with some of Trump’s cabinet picks over their attempt control the selection of bureaucrats for top jobs in the Pentagon and the State Department.

Larry Solov, Breitbart’s president and CEO, revealed the Mercers’ ownership as part of a process to get Capitol Hill press credentials for Breitbart reporters. Press credentials seem to have been refused due to the opaque nature of the finances and management of Breitbart.

Solov said Bannon had resigned from Breitbart in a phone call after the election. But he could not provide any written proof when asked to do so, meaning it cannot be ruled out that Bannon is still an employee of Breitbart and that the Mercers are still paying his salary.

Any further payments to Bannon would raise interesting issues of conflicts of interest especially if some of the funds that the Mercer’s use to finance Breitbart and Bannon come, at least in part, from Russia.

http://news.nationalpost.com/news/world/once-led-by-steve-bannon-breitbart-is-owned-by-family-that-poured-millions-into-trump-campaign

The Mercer’s Renaissance Technologies and its flagship Medallion Fund have drawn attention for their gigantic profits,  averaging 71.8 percent from 1994 through mid-2014, sparking speculation that the fund may be laundering money, a crime which would open the door to blackmailing the Mercers and Bannon.

https://www.bloomberg.com/politics/articles/2015-07-08/irs-moves-against-hedge-fund-maneuver-once-used-by-renaissance

Gigantic profits from high risk, opaque countries is considered a red flag for a money laundering operation.

“For outsiders, the mystery of mysteries is how Medallion has managed to pump out annualized returns of almost 80 percent a year, before fees. “Even after all these years they’ve managed to fend off copycats,” says Philippe Bonnefoy, a former Medallion investor who later co-founded Eleuthera Capital, a Switzerland-based quantitative macro firm.”

https://www.bloomberg.com/news/articles/2016-11-21/how-renaissance-s-medallion-fund-became-finance-s-blackest-box

The in transparent fund, which uses the buzzword “quant”, holds positions in Russian companies, including telecommunications companies, but has returns far above Russian funds.

“…there is the more serious question of Renaissance’s larger positions in Russian telecommunication firms, and, the type of information Renaissance is afforded as an investor in Russian firms with ties to Russian government.

The hedge fund also holds positions in energy and casino gaming.

The other Russian firm mentioned in CNNMoney’s report on VIP’s position in Russia is Mobile TeleSystems OJSC (MBT), Russia’s largest mobile provider.

Renaissance holds 866,100 shares in a class of stocks known as Sponsored American Depository Receipts (ADR) in a corporation named Vimpelcom LTD (VIP), a telecommunication firm incorporated in Bermuda with headquarters in Amsterdam.

VIP is a holding company for telecommunication providers in Russia.

The most recently incorporated VIP has investments in telecommunication and technology products in Russia, the Ukraine, Italy, Greece, Algeria, Pakistan, and Bangladesh.

To describe these entangled corporations and subsequent volumes of records as transparent is to naively minimize the obliqueness which occurs when hedge funds and corporations are free to breed like Gremlins, and, when these funds are able to do so without transparency to either the government or investors as to how each of the funds and investments relate to another.”

http://hsquaredmagazine.com/2016/10/02/from-russia-with-love-the-complicated-web-connecting-trump-to-russian-telecoms/

Renaissance has been investigated for a tax avoidance using Deutsche Bank. The bank has just been fined $630 million for laundering $10 billion of Russian cash.

“According to the panel’s report, Renaissance probably avoided more than $6 billion in U.S. income taxes over 14 years through transactions with Barclays Plc and Deutsche Bank AG.”

https://www.bloomberg.com/politics/articles/2015-07-08/irs-moves-against-hedge-fund-maneuver-once-used-by-renaissance

“The German bank admitted that the investigations into its Russian operations over so-called “mirror trades” had not yet finished. It said it was “cooperating with other regulators and law enforcement authorities”. The DoJ is reported to be among them.”

https://www.theguardian.com/business/2017/jan/31/deutsche-bank-fined-630m-over-russia-money-laundering-claims

Deutsche Bank is the bank of Donald Trump as well as of Ivanka and Jared Kushner. Both their accounts were investigated internally by Deutsche Bank because “recent loans to Trump, which were struck in highly unusual circumstances, may have been underpinned by financial guarantees from Moscow.”

“The scandal-hit bank that loaned hundreds of millions of dollars to Donald Trump has conducted a close internal examination of the US president’s personal account to gauge whether there are any suspicious connections to Russia, the Guardian has learned.

Deutsche Bank, which is under investigation by the US Department of Justice and is facing intense regulatory scrutiny, was looking for evidence of whether recent loans to Trump, which were struck in highly unusual circumstances, may have been underpinned by financial guarantees from Moscow.

The Guardian has also learned that the president’s immediate family are Deutsche clients. The bank examined accounts held by Ivanka Trump, the president’s daughter, her husband, Jared Kushner, who serves as a White House adviser, and Kushner’s mother.

The internal review found no evidence of any Russia link, but Deutsche Bank is coming under pressure to appoint an external and independent auditor to review its business relationship with President Trump.”

https://www.theguardian.com/us-news/2017/feb/16/deutsche-bank-examined-trump-account-for-russia-links

As reported on this blog, there is a lot of evidence to suggest that the Trump’s and Kushner’s real estate empire, funded by Deutsche Bank loans, may be a front for money laundering for Russian and Kazahk oligarchs and corrupt officials.

 

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