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Practice Management > Building Your Business

Sen. Warren Pushes Mnuchin to Investigate Scaramucci Over Russian Talks

By Melanie Waddell

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Sen. Elizabeth Warren on Wednesday told Treasury Secretary Steve Mnuchin to “follow through” on his commitment to investigate reports that Anthony Scaramucci, while acting as a “Trump translator” during the World Economic Forum, engaged in direct talks regarding potential business transactions with the head of a Russian entity subject to sanctions by the Treasury Department.

Warren’s letter follows her January 19 request – sent in tandem with Sen. Ben Cardin, D-Md. – to Mnuchin, the then-Treasury Secretary-Designate, asking him to investigate Scaramucci’s conduct. 

Scaramucci, the founder of SkyBridge Capital, sold his stake in SkyBridge on Jan. 17. He was set to become a top business advisor to President Donald Trump, but reports have said that post has been rescinded.

Mnuchin responded to Warren’s letter on Jan. 30, agreeing Warren, D-Mass., states, pending his confirmation, to “ensure the appropriate Department components assess whether further investigation of this matter is warranted.” 

Mnuchin was confirmed by the Senate on Feb. 13.

“Now that you have been confirmed as the head of the agency with primary responsibility for the enforcement of our Russia financial sanctions, I ask that you follow through on your commitment to investigate whether Mr. Scaramucci engaged in discussions to facilitate prohibited transactions with a sanctioned entity in violation of federal law, and whether other Trump Administration transition officials were aware of or approved his activities,” Warren wrote.

“The Department must vigorously pursue this investigation regardless of Mr. Scaramucci’s employment status with the Trump administration.”

While attending the WEF in Davos, Switzerland, Scaramucci acted as an informal “Trump translator” and member of then-President-elect Trump’s advisory team. 

Warren said that according to reports, “Scaramucci met in person with Kirill Dmitriev, the CEO of the Russian Direct Investment Fund to discuss potential U.S.-Russian business dealings in the event that current U.S. sanctions on Russian entities are lifted during the Trump administration.”

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