Quantcast
BREAKING: Trump’s Treasury Nominee Withdraws; Reveals Secret Corrupt Past > New Century Times
News You are Interested In

Social Navigation




  • Recent Posts
  • BREAKING: Trump’s Treasury Nominee Withdraws; Reveals Secret Corrupt Past

    News, Politics

    Adam Lerrick has withdrawn as President Donald Trump’s nominee for Assistant Treasury Secretary for International Finance this afternoon, after languishing for more than a year without Senate confirmation, Politico reports.


    There was no immediate reasoning, however, a person familiar with the matter said Senate Finance Committee members had raised concerns about his ties to the Argentine Bond Restructuring Agency, the largest group of foreign investors in Argentina’s debt when the country defaulted.

    Lerrick served as ABRA’s lead negotiator in the South American nation’s restructuring. According to Politico, the ABRA had set up a special purpose vehicle in Dublin, Ireland to hold the bonds before the restructuring, with three charitable trusts listed as its shareholders, including an Irish children’s charity.

    Although he is dropping out of the confirmation process, Lerrick is still expected to become a senior adviser to Treasury Secretary Steven Mnuchin, according to NBC News.

    President Trump appears to only nominate individuals with an unethical past to serve in his administration—rather than highly qualified people with no criminal history.


    Featured Image via Getty Images