Democrats Accuse Howard Lutnick of Ethics Breach over $1.6 Billion Deal

Democrats Raise ‘Corruption Concerns’ With Lutnick Deal

Lawmakers say they are expanding their probe into a deal between the Commerce Department and USA Rare Earth.

Democrats accuse Howard Lutnick of ethics breach over $1.6 billion deal

Democrats in Congress have accused Commerce Secretary Howard Lutnick of a potential ethics breach over a $1.6 billion rare earth minerals deal, raising concerns that his family-run financial firm, Cantor Fitzgerald, may have benefited from government ties. Lawmakers are seeking answers from Cantor Fitzgerald and USA Rare Earth over possible conflicts of interest and potential exposure to federal bribery laws. Senators Elizabeth Warren of Massach…

Howard Lutnick's son ensnared as probe into his father's dealings deepens: report

Congressional Democrats are escalating their investigation into a potential conflict-of-interest scheme involving Commerce Secretary Howard Lutnick and a government investment in rare earth company USA Rare Earth, reports the Wall Street Journal.According to the report, after Lutnick stonewalled que...

Commerce Dept. Rejects Democrats’ Claims on Lutnick, Rare Earth Deal

The Commerce Department on Tuesday rejected Democrat lawmakers’ suggestions that Secretary Howard Lutnick improperly benefited his former firm, Cantor Fitzgerald, through a $1.6 billion federal investment in USA Rare Earth, telling Newsmax the award resulted from a competitive process and that Lutnick complied with all ethics, divestiture, and recusal requirements. “As Secretary Lutnick discussed during...

Democrats Investigate Howard Lutnick Over $1.6 Billion Deal

The commerce secretary’s old firm made a massive deal with a rare earths metals miner.