Congressman Ro Khanna expressed satisfaction with Congresswoman Nancy Mace’s call for Howard Lutnick to appear before their committee, indicating confidence in securing sufficient votes to subpoena him. Lutnick, in an October interview, recounted a disconcerting encounter with Jeffrey Epstein in 2005 where Epstein described his daily, specific massage routine, prompting Lutnick to vow to avoid future contact. This dramatic anecdote, shared by Lutnick, seemingly underscores the foundation for the committee’s interest.
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The legality of issuing refunds for illegally collected tariffs remains a significant point of discussion, with the federal government’s actions yet to be clarified. However, reports suggest that substantial bets have been placed by individuals connected to the White House, particularly the family of Commerce Secretary Howard Lutnick, on the expectation that these tariffs would be overturned. This anticipation stems from Cantor Fitzgerald, a firm now headed by Lutnick’s sons, which reportedly engaged in acquiring rights to tariff refunds at significantly reduced prices. While Cantor Fitzgerald has since issued denials regarding any transactions or risk-taking related to the legality of tariffs, previous reports indicated the firm’s capacity to acquire hundreds of millions of dollars in such rights, suggesting potentially astronomical financial implications.
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Despite U.S. Commerce Secretary Howard Lutnick’s assertion of “limited interactions” with Jeffrey Epstein, newly released documents reveal a business partnership as recent as 2014. Signatures from both men appear on a 2012 contract to acquire stakes in the advertising technology company Adfin, with Lutnick signing for CVAFH I and Epstein for Southern Trust Company, Inc. While Lutnick had previously stated he cut ties with Epstein in 2005, emails show continued contact and shared plans for drinks and a visit to Epstein’s island in 2011 and 2012, respectively, just before their Adfin deal was finalized. Correspondence regarding Adfin continued until at least 2014, involving Cantor Ventures, a subsidiary of Lutnick’s former firm Cantor Fitzgerald.
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John Q. Hosedrinker