Commerce Secretary Wilbur Ross Called "Grifter" In Forbes Magazine, Accused Of Stealing $120 Million
Business Insider reports that Forbes spoke to 21 people who know US Commerce Secretary Wilbur Ross. The publication found that many claim he wrongly took millions for himself on multiple occasions. The publication estimates that if all of these allegations are true, Ross has bilked associates out of more than $120 million.
Forbes contributor Dan Alexander concluded that "If even half of the accusations are legitimate, the current United States secretary of commerce could rank among the biggest grifters in American history."
A commerce department official called the allegations "petty nonsense." A statement from Ross himself noted that "the SEC has never initiated any enforcement action against me."
The SEC fined his firm $2.3 million in 2016. Beyond that, Ross argued that one lawsuit filed against him has been dismissed. The lawsuit is actually still in the appeals process.