Home Investing Strategy Cawthorn’s Check, Vela’s Whirl, Trump’s Cell

Cawthorn’s Check, Vela’s Whirl, Trump’s Cell

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Cawthorn's Check, Vela's Whirl, Trump's Cell


We look at who just donated to Rep. Madison Cowthorne (R-N.C.), Gordon Sondland’s philosophy and Donald Trump’s latest justification for not complying with subpoenas.

Madison Cowthorne’s campaign gets donations from partners of sanctioned Russian billionaire

Another controversy for Rep. Madison Cawthorn, R-N.C., in which he appears to be embroiled. Cawthorn’s cash-strapped re-election campaign received donations Friday from the cousin and business associate of a sanctioned Russian oligarch, according to a report to the Federal Election Commission Sunday night.

US citizen Andrew Intrater, an asset manager at Sparrow Capital Holdings in New York, contributed $1,000 to Cawthorn’s campaign. Intrater’s cousin, at least once the largest investor, is billionaire Victor Vekselberg, who has been under U.S. sanctions since April 2018. Last month, Spanish police, assisted by U.S. law enforcement, seized Victor Vekselberg’s superyacht in the resort island of Mallorca.

Friday was an interesting time for Intrater, who has donated $250,000 to Republican campaigns since 2017. Cawthorn, 26, has had a turbulent few months. Cawthorn has been accused of having his driver’s license suspended since early March, calling Ukrainian President Volodymyr Zelensky a “thug,” claiming he was invited to “sex parties” with other politicians and witnessing some of them snorting cocaine at a Charlotte airport He was cited for having a loaded gun in his carry-on bag and made the Republican senator from his hometown call on Congress to investigate his insider stock trading.

The insider checks were conducted while Cawthorn’s campaign was underwater. Last week, it reported $325,000 in debt and had $138,000 in cash on hand.

Polls show Cawthorne declining in approval and approval among Republican primary voters in his district, but he still holds a double-digit lead over his closest rival. Voting closes on May 17.

Spokespeople for the Intrater and Cawthorn campaigns did not respond to inquiries.

Welcome to the latest issue of Checks and Imbalances

Checks & Imbalances is published every Monday and Thursday. If you can, subscribe to Forbes to support this work. Any tips or suggestions? Email me at [email protected] You can follow me on Twitter @z_everson (or Mastodon at @z_everson @mastodon.social). Thanks!

in case you missed it

persistent indecision

Updates to previous reports by Checks & Imbalances

“Yes, I’m a quid pro quo,” Gordon Sondland, a former U.S. ambassador to the European Union and an impeachment witness, wrote in his memoir, according to the Washington Post. “But you know what? Everything in life. It’s all some kind of quid pro quo.” The insight of a man who donated $1.5 million to the campaign and Trump’s inauguration before he got the ambassadorship position is unsurprising — and has made no political contributions since.

*****

House Democratic leadership member Katherine Clark of Massachusetts appears to have changed her investment strategy and no longer trades stocks, according to financial disclosures by House Democratic leadership, insider reports. Last year, Clark failed to disclose the sale of more than $100,000 of shares in private investment adviser Ruane, Cunniff & Goldfarb within 45 days, as required by federal law.

*****

As first reported by LegiStorm, former Rep. Filemon Vela (D-Texas) registered as a lobbyist on May 2. In March, Villa resigned with nine months left in her term to join law firm and lobbying firm Akin Gump.

Trump says he lost cell phone requested by New York attorney general

“Former President Donald Trump says he no longer has the cell phone requested by New York Attorney General Letitia James (D) in his investigation into alleged fraud by the Trump Organization,” Zacharys Norden Smith reports:

Trump said he did not have any cellphones or similar devices from the Trump Organization, adding that four cellphones he had previously owned had been lost, including a Samsung phone that “at some point during his presidency” ‘ was taken from him. Trump said he only had two phones: an iPhone for personal use and a new phone dedicated to posting on Truth Social, the “non-wake” social media platform Trump founded.Read more: Trump says he lost cell phone requested by New York attorney general

track trump

“Musk denies claims Trump ‘encouraged’ him to buy Twitter” (Forbes) “Jared Kushner’s new fund plans to invest Saudi money in Israel” (Wall Street Journal) “Former President Donald Trump this weekend Attended a Kentucky Derby fundraiser to benefit his main super PAC, Make America Great Again, Again!, raised $1.5 million, according to a person familiar with the matter.” (Politico) “The grand jury indictment did not Obstructing Republican Colorado Secretary of State candidate Tina Peters to the film premiere at Mar-a-Lago, Florida.” (KUSA Channel 9 Denver)

Editor’s Picks

“Business Leaders Help Fund Anti-abortion Groups, They Will Soon See Roe v. Wade Overthrown” (CNBC) “Big Democratic Donor Soros Puts $1M in Abrams’ Campaign” ( Atlanta Journal-Constitution) “60 members of Congress violated laws designed to stop insider trading and prevent conflicts of interest” (Insider) “Perdue has less than $1 million in the bank, well behind Kemp, Abrams” (Atlanta The Constitution) “Republican donors describe botched vote-fraud investigation, prosecutors say in tapes” (Washington Post) “Records show U.S. Rep. Madison Cawthorne gave cousin $141,000 in campaign and Taxpayer Funding” (WRAL-NBC News Channel 5)

When it ends

We’re on our own, cousin

alone, cousin

Let’s think of a game to play

Now the adults are gone

– Who, “Cousin Kevin”

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