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BUSTED: Trump administration ripped off Forbes to create its Russian ‘Oligarch List’

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The Treasury Department confirmed on Tuesday that they pulled their list of “Russian oligarchs” from Forbes‘ “200 richest businessmen in Russia 2017” report.

A spokesperson for the department confirmed the list’s source to BuzzFeed News after CNBC and other outlets noticed the Treasury Department’s list was “strikingly similar” to one from Forbes.

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When a spokesperson from the department was asked by BuzzFeed if there is “any truth to the criticisms that the Treasury list was inspired or derived in some way from the Forbes list,” they responded, “yes.”

“The names of and net worth of oligarchs in the unclassified version of the report were selected based on objective criteria drawn from publicly available sources,” the spokesperson said of the 96-person list, nearly all of which were included on Forbes’ Russian businessmen list.

The release of the Treasury Department list was mandated by the Countering America’s Adversaries Through Sanctions Act, a law passed last August that President Donald Trump signed despite saying the legislation was “seriously flawed.” Its release coincided with the president’s decision not to impose further sanctions on Russia, a move for which he’s been widely criticized.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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DNC votes against allowing a climate change debate amongst the 2020 hopefuls

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Trump’s threat to ‘hereby’ force manufacturers to do his bidding stomped by legal analyst

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President Donald Trump is claiming extraordinary powers in his escalating trade war with China.

On Friday, Trump demanded that American companies look for alternatives to China.

"Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies home and making your products in the USA," Trump tweeted.

Of course, the president has no power to order such a thing.

Trump then announced massive tariffs on China, citing the Emergency Economic Powers Act of 1977.

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Creationist Ark Encounter museum accused of stiffing local schools by underpaying property taxes

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On Saturday, Friendly Atheist reported that the Grant County Board of Education is filing a lawsuit alleging the creationist "Ark Encounter" theme park in Williamstown, Kentucky, received a property valuation way lower than it should have for the purposes of tax assessment.

The museum, which is shaped like a giant replica of Noah's Ark and is full of exhibits explaining supposed historical details of the Flood — including models of cavemen fighting dinosaurs — was assessed at $46 million in 2017. But the Board of Education, combining Ark Encounter's capital investment disclosures, land value, and ticket sales, that the property is actually worth $130 million.

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