Friday, September 09, 2022 10:42:02 PM
By John Solomon
Gary Gensler, President Joe Biden's Securities and Exchange Commissioner, had final approval authority for the Hillary Clinton campaign's payments for the discredited Steele dossier, according to congressional testimony that is adding to concerns about conflicts of interest as the SEC investigates Donald Trump's social media firm’s merger request.
Questions surfaced last month about the SEC's probe of Trump's Truth Social when RealClearInvestigations journalist Paul Sperry reported that Gensler, as SEC chairman, previously served as the Hillary Clinton campaign's chief financial officer.
In addition, Sperry reported that SEC Associate Director of Enforcement Melissa Hodgman was married to Peter Strzok, the FBI agent who led the much-criticized Russia collusion probe and was fired in 2018 for anti-Trump texts on his official bureau phone.
The SEC declined comment when Just the News inquired about Sperry's report, the role, if any, that Gensler and Hodgman are playing in the Truth Social investigation or whether the two SEC executives offered to recuse themselves from the inquiry.
In addition to the connections to Trump, Truth Social is run by former House Intelligence Committee chairman Devin Nunes, who played a key role in exposing Strzok's conduct during the Russia probe, the Clinton campaign's connections to the Steele dossier, the inaccuracies of the dossier and the FBI's reliance on the former British spy Christopher Steele to obtain FISA warrants targeting the Trump campaign and adviser Carter Page.
In the end, Nunes' probe exposed that the FBI ultimately determined that most of the allegations Steele placed in the dossier and shared with the agents were disproven, uncorroborated or meaningless Internet rumor and that the FBI misled the court about the reliability of the information.
Steele's main Russian source for the dossier, Igor Danchenko, awaits trial this fall on charges he lied to the FBI in connection with the Russia investigation. And the Steele dossier has become a powerful symbol of the FBI's failures in a probe that falsely painted Trump as a conspirator with Russia to hijack the 2016 election.
While Gensler was widely known to be the Clinton campaign's CFO, former Clinton campaign chairman John Podesta personally singled Gensler out for responsibility for funding the dossier.
In testimony before the House Intelligence committee in 2017, Podesta said Gensler was the top official in the campaign who would have approved payments to the campaign's law firm Perkins Coie to reimburse for the work that the Fusion GPS research firm and Steele did on the dossier.
"You think Gensler would have been the guy that would know that?" a congressman asked Podesta about the payments for the dossier.
"Gensler established the financial controls. Perkins had budgeted expenditures. They were billing against that. And those bills were paid," Podesta explained.
Podesta said as chairman he "never saw Perkins' bill" because "that was being managed by the people who were operational inside the campaign."
"I guess that's where we're trying to get to, to see who those guys were," Rep. Michael Conaway, R-Texas, said, pressing for more specificity.
"Well, at the top was Gary," Podesta answered.
The payments for the dossier also resulted in a significant penalty earlier this year. The Federal Elections Commission levied $113,000 in fines against the Democratic National Committee and Clinton campaign for improperly disguising payments to Perkins Coie as legal expenses when in fact they were opposition research costs for the dossier.
The conciliation agreements found "probable cause to believe" that both the campaign and national party "misreport[ed] the purpose of certain disbursements."
Despite all the controversy and ridicule the Steele dossier received, Podesta testified in 2017 he believed at the time the Clinton's campaign funding of it was legitimate.
"I found it, again, the idea that we were developing, trying to develop, trying to figure out complicated financial arrangements between Trump and entities" in Russia and "trying to find out what Carter Page was up to in Moscow, I think that was all perfectly appropriate," Podesta said.
Kash Patel, the House Intelligence Committee's former chief investigative counsel under Nunes, said the SEC's long delay in approving Truth Social's merger with a special purpose acquisition company (SPAC) known as Digital World Acquisition Corp. smacked of politics and further heightened the need for Gensler and Hodgman to publicly acknowledge they won't play a role in the outcome to avoid the appearance of a conflict of interest.
"They need to recuse right now, overnight, without doubt," said Patel, an ally of the former president. "We exposed the dirty dossier and the Clinton campaign's funding of it and we got him (Strzok) fired."
Truth Social's parent company, Trump Media and Technology Group (TMTG), also issued a statement Thursday urging the SEC to end its delay in approving the merger with Digital World, suggesting politics was involved in the slowdown.
"The SEC has needlessly delayed its review of our proposed merger, causing real and unnecessary financial harm to DWAC investors, roughly 90 percent of whom are small, retail shareholders whom the SEC is chartered to protect," TMTG said. "Despite its standard practice to provide comments within 30 days, the SEC has failed to give meaningful feedback on DWAC's registration statement for a stunning 115 days and counting.
"In the interests of simple fairness, the SEC needs to set aside any improper political considerations and bring its review to a swift conclusion," the company added.
Nunes took to Truth Social to stir even more pressure on the SEC. "No more BS," he posted.
Recent DJT News
- CalPERS to Oppose Exxon Mobil Directors; Microsoft Unveils Copilot+ PCs with AI Focus, and More News • IH Market News • 05/21/2024 11:18:35 AM
- TMTG Reports First Quarter 2024 Results • GlobeNewswire Inc. • 05/20/2024 08:05:00 PM
- Chubb Stock Soars 9% with Berkshire Acquisition, AST SpaceMobile jumps 37% on AT&T deal, and More News • IH Market News • 05/16/2024 11:27:07 AM
- Tesla’s April Sales Down 18% in China, Amazon’s Multi-Billion Dollar Cloud Expansion in Singapore, and More News • IH Market News • 05/07/2024 11:44:00 AM
- Trump Media Announces Appointment of Semple, Marchal & Cooper, LLP as Auditor • GlobeNewswire Inc. • 05/06/2024 08:15:10 PM
- Trump Media Provides Additional Information to DJT Investors Regarding Recalling Shares • GlobeNewswire Inc. • 04/29/2024 10:00:00 AM
- Coca-Cola and Microsoft Sign Billion-Dollar Agreement, Apple Event Set for May 7, and More News • IH Market News • 04/24/2024 11:28:02 AM
- Trump Media Provides Additional Information To DJT Investors Regarding Short Selling • GlobeNewswire Inc. • 04/23/2024 10:00:44 AM
- Paramount’s Shares Surge Following Sony and Apollo’s Joint Bid; ISS Backs Berkshire Hathaway Director Re-election, and More • IH Market News • 04/19/2024 11:31:22 AM
- Apple to Invest $250 Million in Singapore Expansion, Oracle Commits $8 Billion to Japan Infrastructure, and More News • IH Market News • 04/18/2024 11:11:52 AM
- United Shares Surge 5.3% in Q1 2024 Earnings Beat; Take-Two Cuts 5% of Workforce, and More News • IH Market News • 04/17/2024 10:57:39 AM
- Truth Social to Launch Streaming Platform • GlobeNewswire Inc. • 04/16/2024 11:24:00 AM
- Ericsson Soars with 66% Net Profit Growth; Live Nation Under Antitrust Scrutiny in US, and More News • IH Market News • 04/16/2024 11:18:19 AM
- Trump Media & Technology Group Files S-1 Resale Registration Statement • GlobeNewswire Inc. • 04/15/2024 01:17:42 PM
- Tesla Resolves Autopilot Lawsuit, JPMorgan Unveils Potential CEO Successors, and More • IH Market News • 04/09/2024 10:39:30 AM
- Apple Terminates 614 Employees, Disney Unveils June Crackdown on Password Sharing, and More Updates • IH Market News • 04/05/2024 11:38:57 AM
- Cal-Maine Surges on Strong Quarterly Performance, Taiwan Earthquake Disrupts Tech Supply Chain, and More • IH Market News • 04/03/2024 11:12:20 AM
- Trump Media & Technology Group Files 10-K Report • GlobeNewswire Inc. • 04/01/2024 10:00:00 PM
- Walgreens Slashes Annual Profit Forecast; MillerKnoll Nosedives 17% on Bleak 4Q Outlook, and Latest News • IH Market News • 03/28/2024 01:48:04 PM
- GameStop Shares Tumble 20% in Pre-Market Trading Amid Revenue Decline, Direct Digital Plummets 42%, and More News • IH Market News • 03/27/2024 10:54:47 AM
- Trump Media & Technology Group Stock to Begin Trading Under Ticker Symbol DJT • GlobeNewswire Inc. • 03/26/2024 01:15:00 PM
- Super Micro Computer and Seagate Shares Surge on Analyst Optimism in Pre-Market Trading, and Latest News • IH Market News • 03/26/2024 11:20:49 AM
- Digital World SPAC Shares Jump 18% After DeSantis Drops Out • Dow Jones News • 01/22/2024 03:44:00 PM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM