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Commerce Secretary Wilbur Ross shorted shares of a Kremlin-linked company days before a bombshell story dropped
Commerce Secretary Wilbur Ross bet against the stock of a shipping firm just days after The New York Times contacted him about the company's links to the Kremlin, Forbes reported. In October, the Times emailed Ross questions about his investments in Navigator Holdings, a mover of liquefied gases whose major clients included a Russian energy company. Three days later, Ross made the so-called short sale, and closed out his position nearly three weeks after the Times and the International Consortium of Investigative Journalists published details of Ross' investment and the company's link to the Kremlin. Kirill Shamalov, ... (full story)