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OT: American Politics


One investor, the Miami Beach businessman Anton Postolnikov, had amassed a huge stake in Digital World. Postolnikov, who was born in Russia and is the nephew of a longtime Russian government official, sold most of his stake just days after Trump’s announcement sent the stock soaring, according to an FBI agent’s search warrant affidavit. His profit: $22 million.
Another, a Ukraine-born nightclub manager turned private equity investor named Michael Shvartsman, told his business partners and a neighbor about the moneymaking opportunity, according to the affidavit — before securing $18 million in profits for himself.
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Investigators used a microphone-wearing undercover informant to secretly record Shvartsman’s attempts to move the profits — assets he told the informant he’d gained from the “s--- [that] happened with Trump” — into a web of offshore accounts. The documents also claim Shvartsman offered to introduce the informant to an unnamed official in Ukraine who needed help moving a “significant amount of money.” Whether officials pursued that tip is unknown.
 
Brilliant advice from Peter Schiff to invest in this co to contemporaneously fund trumps campaign and make millions.

Schiff might top the list for bad financial advice over the last 20 years. I remember first coming across a few years before the financial crisis and even when he's been right, he's been wrong.
 
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