Connect with us

News

Exclusive: Trump’s former White House ethics lawyer told Cassidy Hutchinson to give misleading testimony to January 6 committee, sources say | CNN Politics

Published

on

Exclusive: Trump’s former White House ethics lawyer told Cassidy Hutchinson to give misleading testimony to January 6 committee, sources say | CNN Politics


Washington
CNN
 — 

The January 6 committee made a startling allegation on Monday, claiming it had proof {that a} Trump-backed legal professional urged a key witness to mislead the committee about particulars they recalled.

Although the committee declined to establish the individuals, CNN has discovered that Stefan Passantino, the highest ethics legal professional within the Trump White Home, is the lawyer who allegedly suggested his then-client, former White Home aide Cassidy Hutchinson, to inform the committee that she didn’t recall particulars that she did, sources conversant in the committee’s work inform CNN.

Trump’s Save America political motion committee funded Passantino and his regulation agency Elections LLC, together with paying for his illustration of Hutchinson, different sources inform CNN. The committee report notes the lawyer didn’t inform his shopper who was paying for the authorized providers.

Over the summer season, Hutchinson emerged as a blockbuster witness for the committee, offering key perception into Trump’s frame of mind and his actions main as much as the January 6 assault on the US Capitol. Earlier than her public testimony, Hutchinson dropped Passantino and obtained a brand new lawyer.

Advertisement

When requested about strain on Hutchinson after Monday’s listening to, committee member Rep. Zoe Lofgren, advised CNN: “She was suggested to say that she didn’t recall one thing when she did. In order that’s fairly severe stuff.”

The episode is only one of a number of cases during which the committee has accused members of Trump’s orbit of making an attempt to hinder the panel’s investigation.

Two sources conversant in the scenario inform CNN that Hutchinson has mentioned the episode with the Justice Division. CNN has beforehand reported that Hutchinson was cooperating with the Justice Division’s January 6 investigation, after she turned an important public witness within the Home probe.

CNN reached out to the Justice Division for remark.

Advertisement

Passantino has not been accused of against the law. He mentioned Home investigators by no means reached out to him for an interview.

In an announcement to CNN, Passantino mentioned he didn’t advise Hutchinson to mislead the committee. “I represented Ms. Hutchinson honorably, ethically, and absolutely constant along with her sole pursuits as she communicated them to me. I believed Ms. Hutchinson was being truthful and cooperative with the Committee all through the a number of interview classes during which I represented her.”

Passantino identified it’s not unusual for individuals to alter attorneys “as a result of their pursuits or methods change,” in keeping with his assertion. He additionally mentioned political committees generally cowl shopper charges “on the shopper’s request.”

In response to an accusation from the committee that he additionally shared her testimony with different attorneys and the press even when she advised him to not, he mentioned, “Exterior communications made on Ms. Hutchinson’s behalf whereas I used to be her counsel have been made along with her categorical authorization.”

By Tuesday, Passantino’s skilled biography had been faraway from the web site of a midwestern-based regulation agency the place he was a accomplice – and he acknowledged in his assertion he was on a go away of absence from the agency “given the distraction of this matter.” That agency, Michael Greatest & Friedrich LLP, mentioned on Tuesday it was not concerned within the scenario and Hutchinson wasn’t a shopper.

Advertisement

Passantino mentioned he stays a accomplice at Elections LLC.

The Home January 6 committee, throughout hearings over the summer season, mentioned it was involved about potential witness tampering. CNN has reported that witness was Hutchinson.

The committee abstract acknowledged that the panel “is conscious of a number of efforts by President Trump to contact Choose Committee witnesses. The Division of Justice is conscious of not less than a type of circumstances.”

Chairman Rep. Bennie Thompson (D-MS) speaks as members of the House Select Committee hold their last public hearing on December 19, 2022

Then on Monday, within the government abstract of the ultimate report, the committee revisited the problem in its handoff of the investigation to the Justice Division.

In keeping with the report, “the lawyer had suggested the witness that the witness may, in sure circumstances, inform the Committee that she didn’t recall details when she really did recall them.”

Advertisement

“When the witness raised considerations along with her lawyer about that strategy,” in keeping with the abstract, the lawyer mentioned, “They don’t know what you already know, [witness]. They don’t know you can recall a few of these issues. So that you saying ‘I don’t recall’ is a completely acceptable response to this.”

“The lawyer instructed the shopper a few specific problem that will forged a foul mild on President Trump: ‘No, no, no, no, no. We don’t need to go there. We don’t need to speak about that,’” the report mentioned.

On the committee’s last public listening to, Lofgren mentioned: “The witness believed this was an effort to have an effect on her testimony, and we’re involved that these efforts might have been a method to stop the Committee from discovering the reality.”

Legal professionals should comply with intensive ethics pointers as a part of their career, together with avoiding conflicts of curiosity that would compromise their illustration of a shopper. In keeping with authorized ethics specialists, a lawyer swaying their shopper’s testimony in a method that wouldn’t be solely truthful might be checked out as attainable obstruction of an investigation.

Elections LLC, a political regulation observe Passantino and different Trump attorneys based after he left the Trump White Home, has obtained common funds from Save America PAC and different Trump-backed teams, in keeping with FEC filings. The Save America PAC distributions to the agency for authorized consulting complete greater than $150,000 in 2021, and about $275,000 in 2022. The agency additionally has labored for main Republican congressional campaigns.

Advertisement

This 12 months, Trump’s Save America PAC has made funds to a number of regulation companies representing witnesses within the January 6 and Mar-a-Lago investigation. A difficulty solely arises if the lawyer doesn’t comply with the shopper’s needs, authorized specialists {and professional} guidelines say.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

News

Marc Rowan emerges as a top contender to be Donald Trump’s Treasury secretary

Published

on

Marc Rowan emerges as a top contender to be Donald Trump’s Treasury secretary

Unlock the White House Watch newsletter for free

Private equity billionaire Marc Rowan has emerged as a top contender to be Donald Trump’s Treasury secretary and will meet the president-elect on Wednesday to make his pitch for the job, according to several people familiar with the matter.

The Apollo Global Management chief had prepared extensively for the interview, said two people familiar with the matter. He has flown back from Hong Kong to meet Trump in Florida.

Rowan has the support of several Trump confidants and Wall Street donors, who cited his deep experience in financial markets. “Marc is brilliant, though, very independent,” said one of his Wall Street backers.

Advertisement

The 62-year-old private capital boss faces stiff competition for the role, however, with hedge fund investor Scott Bessent still a leading contender. Kevin Warsh, a former Federal Reserve governor advising the transition team on policy, has also been floated for a position and remains a candidate to be the next Treasury secretary.

Tennessee Senator Bill Hagerty is also in the mix and on Tuesday travelled with Trump to a SpaceX rocket launch in Texas hosted by Elon Musk.

The prediction site Polymarket had Warsh as outright favourite on Tuesday, with Bessent second favourite followed by Rowan and Hagerty.

Rowan’s candidacy was boosted after Trump tapped billionaire investor Howard Lutnick to lead the commerce department earlier on Tuesday, which would put the boss of investment firm Cantor Fitzgerald in charge of imposing far-reaching tariffs on imports.

The co-chair of Trump’s transition team lost traction in the race for the Treasury post after he and his allies became enmeshed in a bitter battle with Bessent’s camp over the job.

Advertisement

Bessent is also in contention to become chair of the new administration’s National Economic Council if his bid to be Treasury secretary falls through.

Rowan’s emergence as a main contender for the top economic post in the new administration comes after days of speculation about Trump’s plans. Treasury secretary is the last big cabinet position left to fill, after the president-elect raced through a number of nominations after winning the election earlier this month.

During Trump’s first administration, Rowan played a role in recommending to the president’s administration some emergency measures to tame financial markets in the early stages of the Coronavirus pandemic.

Rowan’s Apollo holds more than $700bn of assets under management. Any move into government would be complex for the Wall Street executive and the firm, although Apollo insiders say it has a deep bench of leadership to draw from. Apollo declined to comment.

Trump’s pick for Treasury secretary will need to be confirmed by the US Senate next year.

Advertisement
Continue Reading

News

Who is Linda McMahon? Donald Trump taps WWE co-founder, top ally to be education secretary

Published

on

Who is Linda McMahon? Donald Trump taps WWE co-founder, top ally to be education secretary
play

President-elect Donald Trump named his new secretary of education, tapping former Small Business Administration head and former wrestling executive Linda McMahon for the position.

The Education Department provides some funding for public schools, administers federal student aid programs and collects data on US education. Trump has vowed to close the department and redistribute most services to state-level education officials.

“We will send Education BACK TO THE STATES, and Linda will spearhead that effort,” Trump said in a Tuesday statement.

Advertisement

McMahon served as administrator of the Small Business Administration under Trump’s first term from 2017 to 2019. In 2010, she ran as the Republican nominee for U.S. Senate in Connecticut but lost to current Democratic Sen. Richard Blumenthal.

She remained a close ally to the former president as chair of the board for the America First Policy Institute, a conservative think tank founded by Trump aides in 2021 to promote his GOP priorities. McMahon has also co-led Trump’s transition team alongside fellow billionaire Howard Lutnick, who Trump selected to lead the Commerce Department.

Before entering Trump’s political orbit, McMahon helped found Capitol Wrestling, now known as World Wrestling Entertainment, with her husband Vince McMahon. Both spouses were named in a lawsuit filed last month accusing WWE leaders of allowing “systemic and pervasive abuse” of underage children.

Advertisement

McMahon was one of multiple wresting world figures to make an appearance at this year’s Republican National Convention in support of Trump.

“President Trump is a job creator and the best friend American workers have had in the White House,” McMahon told the RNC crowd in Milwaukee.

She was initially considered a top contender to lead the Department of Commerce, coming off Trump’s decisive win this November. McMahon will need to be confirmed by the Senate.

Continue Reading

News

Bridgewater opens strategy to retail investors through State Street ETF

Published

on

Bridgewater opens strategy to retail investors through State Street ETF

Stay informed with free updates

Bridgewater, one of the world’s largest hedge funds, is joining forces with State Street’s asset management arm to tap retail investors in the latest effort by money managers to look for new customers beyond their traditional strengths.

The partnership announced on Tuesday will get started with an exchange traded fund that will track one of Bridgewater’s best-known strategies. State Street Global Advisers has filed plans with the US Securities and Exchange Commission for an “All-Weather” ETF, which seeks to profit in all types of market conditions by holding a wide range of assets.

If approved by the regulator, it will be sub-managed by Bridgewater using its “risk parity” strategy, which uses leverage to weight assets by expected volatility. Once it starts trading, the ETF could offer other investors new insights into Bridgewater’s famously secretive methods.

Advertisement

The two groups also announced a larger partnership aimed at enlarging the potential market for complex products including hedge funds and private equity and credit.

It is part of a stampede by traditional asset managers such as State Street to strike such agreements with the big names in alternative assets. In the past six months, there have been tie-ups between Capital Group and KKR, BlackRock and Partners Group, and SSGA has a separate partnership with Apollo.

The alternatives managers hope to reach wealthy individual customers at a time when the institutional investors are holding firm or cutting back on their complex investments. The traditional managers want to stay relevant as retail customers and their advisers move into new sectors and like the higher fees these products can command.

“Bridgewater is known for its 40-year history of delivering resilient, diversified portfolios and insights to many sophisticated institutional global investors,” Anna Paglia, State Street Global Advisor’s chief business officer, said. “This strategic relationship will now bring that portfolio construction expertise to retail investors as well.”

State Street, which invented the ETF, is best known for its low-fee passive funds but the $4.7tn money manager is making a big push into racier products, with more than 80 launches since Paglia’s arrival earlier this year. They include ETFs focused on digital assets and one done in conjunction with Apollo to invest in public and private credit.

Advertisement

Bridgewater, which was founded by Ray Dalio, is attempting to rebuild after a difficult period that included a stormy succession process and poor returns accompanied by significant outflows. People familiar with its results said it had $100bn under management at the end of August, well below its all-time peak of $160bn. Its flagship Pure Alpha fund sustained large losses in 2022 and 2023.

The new ETF seeks to follow the strategy behind Bridgewater’s other well-known product, the All Weather hedge fund.

“At Bridgewater, we see global investors increasingly focused on portfolio resiliency and desiring durable client portfolios,” Karen Karniol-Tambour, Bridgewater’s co-chief investment officer, said. “We are excited to broaden access to our approach.”

Both companies declined to comment beyond their official statements, citing SEC rules that bar investment managers from discussing specific products before they have been approved.

Advertisement
Continue Reading

Trending