REPORT: Dem Donor Partnered With Foreign Fund Accused of Embezzling Billions

BY TEAM DML / JUNE 11, 2018 /

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As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by FreeBeacon:

A major Democratic donor who partnered with a Malaysian fund that allegedly embezzled billions of dollars and is under investigation by the Department of Justice has maxed out contributions to the Democratic Congressional Campaign Committee (DCCC) this year, filings show.

Frank White Jr., the cofounder and CEO of DuSable Capital Management, a D.C.-based renewable energy and infrastructure firm, has been a deep-pocketed funder of Democratic candidates for years.

The article goes on to state the following:

White acted as the national vice-chair for President Obama’s 2012 reelection campaign and was a top bundler for the campaign. White later served as a member of Hillary Clinton’s National Finance Committee and bundled more than $100,000 for the 2016 campaign, while adding between $10,000 and $25,000 in donations to the Clinton Foundation.

White, who has given hundreds of thousands to Democrats over the years, on March 22 sent a maxed out contribution of $33,900 to the DCCC, the Democrats fundraising arm for congressional candidates, according to filings.

White’s company, DuSable Capital, was formed in 2013 with the intent of focusing on equity and debt investments with alternative energy companies in the U.S. and places around the world such as Malaysia, Indonesia, Mexico, Burma, Brazil, Russia, and India, according to the firm’s regulatory filings.

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