Howard Lutnick, former CEO of Cantor Fitzgerald, took over as Commerce Secretary with ties to some 800 businesses. Rather than use a blind trust, he sold his stake to trusts benefiting his adult children, whose firm then created a product betting on whether the very tariffs he was architecting would be struck down in court. Congressional committees opened conflict-of-interest investigations.
SourcesThe tariff-betting investigation, NOTUS · “Most conflicted”, Public Citizen
