Scaramucci’s hedge fund sale to Chinese firm could pose a conflict of interest
Scaramucci’s hedge fund sale to Chinese firm could pose a conflict of interest
Anthony Scaramucci, the new White House communications director, still has pending business with China. His hedge fund firm, SkyBridge Capital, will be sold to a Chinese company, the HNA Group, once regulators sign off. The Wall Street Journal reports the deal could be worth $250 million and that Scaramucci himself stands to earn between $62 million and $125 million. Some ethics watchdogs say the deal could present a conflict for the Trump administration.
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