DIRTY MONEY?
European Parliament Report: Wilbur Ross Did Insider Trading
An official European Parliament report on the 2008 eurozone banking crisis alleges that when Commerce Secretary Wilbur Ross sold his holdings in the Bank of Ireland in 2014, he had inside information that the bank was using deceptive accounting practices. Mother Jones writes that the report was presented last week in Brussels to 52 European Parliament members. Ross “had access to the loss details that Bank of Ireland kept hidden from retail shareholders,” according to the report. “The profit that Mr. Ross accumulated was largely at their expense.”
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