REPORT: Warren, Ocasio-Cortez team up to go after Sec. Mnuchin over bankruptcy of retail giant

MAY 23, 2019

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

Sen. Elizabeth Warren (D-Mass.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.) on Thursday pressed Treasury Secretary Steven Mnuchin on allegations that he and other Sears board members stole billions of dollars from the collapsing retailer.

In a Thursday letter to Mnuchin, Warren and Ocasio-Cortez asked the Treasury secretary to explain his role in a series of financial maneuvers that stripped Sears of its most profitable assets and loaded the now-bankrupt company with debt.

The article goes on to state the following:

“We are deeply concerned by the financial engineering and potentially illegal activity that took place at Sears Holding Corporation while you served on the company’s board,” the lawmakers wrote in a five-page letter.

Warren, a Democratic presidential candidate, and Ocasio-Cortez also released a video explaining the letter and their concerns with Mnuchin’s involvement in the company’s financial collapse.

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