According to a report from Recode published this Thursday, the FBI is investigating a venture capital firm cofounded by millionaire investor Peter Thiel for “financial misconduct.”
The investigation into Mithril Capital isn’t the first time questions have been raised about the firm. Earlier this year, Recode reported that Mithril Capital is enveloped in a “slow burning mess” regarding its investments. Speaking to Recode, a spokesperson for the firm slammed the FBI’s investigation as a “foiled plot by a self-serving ex-employee.”
According to Recode, the probe threatens to “destabilize the world of Thiel, who heads an enormously influential network of tech investors, startup founders, and political allies across Silicon Valley.”
A federal investigation could subject Thiel, who has not publicly distanced himself from [firm cofounder Ajay Royan], to new scrutiny as investigators put the firm he co-founded under a microscope. It could also stain the reputation Thiel has established for having a Midas touch in investing.
A spokesperson for Thiel, Jeremiah Hall, declined to comment on the new probe, but has said previously that Thiel was “proud” of Royan.
Other internal problems threaten the firm as well. After the exodus of several employees and two managing directors, Mithril Capital has reportedly been reduced to a “bare-bones” operation.
Investment advisory group Cambridge Associates is also calling out Mithril for “mismanagement” after giving the firm millions of its clients’ funds.
As Business Insider points out, Thiel is vocal supporter of President Trump and was one of the earliest investors in Facebook. He also cofounded the online-payment app PayPal and the big-data company Palantir. Thiel is reportedly no longer involved with Mithril, but has so far given the firm $300 million of his own money.
Featured image via JD Lasica/Flickr
GOP’s ‘chaotic’ first day fighting impeachment revealed they’re overwhelmed by evidence against Trump: Ex-prosecutor
The House Republican strategy for the first day of public impeachment hearings showed they knew Democrats were playing a strong hand, and they didn't.
Former federal prosecutor Renato Mariotti, writing for Politico, explained how GOP lawmakers tried to confuse jurors -- in this case, the public and their counterparts in the Senate -- by talking about Hunter Biden or Javelin missiles because they wanted to distract from the strong evidence tying President Donald Trump to an extortion scheme.
Trump’s latest and most ludicrous con job
Donald Trump is con artist in chief of the United States. His many apparent and impeachable crimes, such as the Ukraine scandal, collusion with Russia and violations of the Emoluments Clause, flow from that fact. Of course, Trump’s long con involves millions and perhaps even billions of dollars. But Trump’s big score, his ultimate goal, is permanent control of the presidency of the United States and the power for him and his family and allies to engage in legal theft indefinitely.
This article first appeared on Salon.
I was an impeachment skeptic. Here’s why I’m now convinced Trump must be removed
Despite all the uncertainty surrounding impeachment, we can capture the current moment succinctly: President Trump’s fate hinges on whether Republican senators are more fearful of losing in a primary or in the general election. Now that the live impeachment hearings are about to fuel nationwide prime-time programming, those senators’ fears are likely to intensify.
While that dynamic will determine whether Trump will be removed from office, it doesn’t tell us whether he should be. I am generally an impeachment skeptic. My recent book—Impeaching the President: Past, Present, Future—argues that impeachment should be regarded as a last resort that, as a general proposition, is inappropriate in a president’s first term. The American people are capable of rendering judgment and should be given the first crack.