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The Lutnick family tariff refund grift. [View all]
When Harold Lutnick was confirmed as Commerce Secretary, he transferred contol of the investment bank, Cantor Fitzgerald, to his son Brandon. Brandon Lutnick and his brother Kyle are building a crypto business with Trump's sons, Don Jr. and Eric.
From the Democracy Labs Bulletin:
“20 to 30 cents on the dollar” is the specific rate at which Cantor was reportedly buying refund claims before the February 20 ruling. The Penn Wharton Budget Model figure of $175 billion, which is the official baseline for total possible refunds following the “Liberation Day” tariff defeat. Brandon (27) and Kyle (29) reportedly own an 80% share of the firm, making the “divestment” claim a primary focus of the House Oversight “Extraction Culture” report. “IEEPA Rights” is the the financial product at the center of the scandal.
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