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Tuesday, January 2, 2018

BREAKING***- Weeks After Taking Control of FBI, Comey Sold Large Stock Holdings in Wall Street Firm Under $20 Million Federal Investigation

Four weeks after being sworn in as FBI Director, James Comey liquidated personal stock of a Wall Street financial fund under investigation by the Securities and Exchange Commission, according to documents and federal law enforcement sources.


The company, Pacific Investment Management Company, more commonly known as Pimco, may have also been on the FBI’s radar at the time, according to FBI sources.
“That’s for the Inspector General and Congressional investigators to sort out,” one FBI source said. “Normally, you would see a criminal referral to the FBI (from the SEC) in a case that size. That was a $20 million case. We investigate cases far far smaller.
“Selling that much stock a couple weeks after you take the FBI job should raise red flags.”
Comey liquidated up to $500,000 of Pimco holdings in Oct. 2013, according to records obtained by True Pundit. Comey was sworn in as FBI chief in September 2013, replacing Robert Mueller.

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The SEC eventually settled with Pimco after years of negotiations in 2016, records show, for $20 million.
Per the Wall Street Journal:
Pacific Investment Management Co. agreed to pay $20 million to resolve U.S. claims it misled investors and mismarked securities, ending a multiyear investigation into a fund formerly managed by Pimco co-founder Bill Gross.
The Securities and Exchange Commission said Thursday in an administrative order that Pimco wasn’t clear with investors about the early success of its Pimco Total Return Active ETF, an exchange-traded fund for small investors.
Pimco created the ETF, which trades on an exchange like a stock, to mirror its flagship Total Return Fund. Mr. Gross ran Total Return and the ETF before he left in 2014.


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