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#MoscowMitch’s $26+ million net worth is not a mystery, as some imply. He got rich because of his corrupt wife Elaine Chaos’s family shipping dynasty. She’s also a national security threat as this article & others illustrate. Both should be investigated.
bostonglobe.com/ideas/2019/06/…
bostonglobe.com/ideas/2019/06/…
“McConnell & Chao received approximately $26 million from Chao’s family via direct gifts or campaign contributions. Chao’s sister runs the family’s shipping company. Chao has myriad connections w/ Chinese officials overseas, which may be helping her family secure business deals.”
“When it comes to companies like Foremost Group (Chao’s company), the term “American” is meaningless.
Yes, Foremost has an office in NY, but its ships — designed to carry dry bulk, including the coal and ore driving China’s insatiable development — are registered in Liberia.”
Yes, Foremost has an office in NY, but its ships — designed to carry dry bulk, including the coal and ore driving China’s insatiable development — are registered in Liberia.”
Why does Elaine Chao’s family register its ships in Liberia?
“Registering ships in a foreign country is a neat way to offshore literally everything about your business without changing your billing address. Doing so also has major regulatory and tax implications.” - Boston Globe
“Registering ships in a foreign country is a neat way to offshore literally everything about your business without changing your billing address. Doing so also has major regulatory and tax implications.” - Boston Globe
“Those who own shipping rule the world. When Alexander Hamilton crafted America’s first maritime laws on which the Jones Act was built, he understood that concept implicitly.”
“Chao may live in the US, but her wealth is tied to a global industry.”
- Rachel Slade, @BostonGlobe
“Chao may live in the US, but her wealth is tied to a global industry.”
- Rachel Slade, @BostonGlobe
“Ms. Chao’s office made a series of unorthodox requests related to her first scheduled visit to China as a Trump cabinet member.”
This included trying to get the U.S. government to arrange for her relatives to participate in the meetings in China.
nytimes.com/2019/06/02/us/…
This included trying to get the U.S. government to arrange for her relatives to participate in the meetings in China.
nytimes.com/2019/06/02/us/…
“The transportation secretary thought it’d be cool to bring family members to government meetings in which they had a financial interest.”
- Bess Levin via Vanity Fair
vanityfair.com/news/2019/06/e…
- Bess Levin via Vanity Fair
vanityfair.com/news/2019/06/e…
#MoscowMitch is half of a very dangerously corrupt Washington couple who pander to foreign powers to make themselves rich.
McConnell and Chao are both national security threats to the United States.
McConnell and Chao are both national security threats to the United States.
