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Trump’s FBI Pick Kash Patel Took Up to $5M in Stock From Chinese Ecommerce Giant Shein
Donald Trump’s pick for FBI director told senators he has no plans to divest his shares, which his financial disclosure form says were received in exchange for consulting services.
Kash Patel, President Donald Trump’s nominee to be the head of the Federal Bureau of Investigation (FBI), owns stocks valued between $1 to $5 million in a company that controls Shein, a controversial ecommerce and fashion giant founded in China, according to lobbying and corporate records from three countries reviewed by WIRED. Legally, an official like the head of the FBI would not need to divest or recuse until a clear conflict of interest emerges, says Jordan Libowitz, vice president of communications at the watchdog group Citizens for Responsibility and Ethics in Washington. “These ties between Patel and Shein are truly shocking,” Rush Doshi, a professor at Georgetown University who specializes in China foreign policy issues and served on former President Biden’s National Security Council, said in a social media post.
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