Don Jr.'s VC firm rejects Rep. Raskin's accusations of "insider political influence"
Rep. Jamie Raskin launched an investigation last month into the president's son's investment firm and its "almost clairvoyant" business moves.
Donald Trump Jr.'s venture capital firm, 1789 Capital, dismissed allegations of insider political influence made by Representative Jamie Raskin, a top Democrat on the House Judiciary Committee. In a letter to Raskin, the firm's legal counsel rejected the accusations and criticized Raskin's approach as "spaghetti-against-the-wall."
The letter stated that 1789 Capital has no intention of being held hostage to political gamesmanship and does not intend to provide confidential business records that were requested. Raskin launched an investigation into 1789 Capital last month, alleging that the firm made investments shortly before receiving federal funding or favorable policy decisions.
The Democratic congressman sought records related to the company's investments and communications with the Trump administration. However, 1789 Capital refused to comply with the requests, citing its right to protect its confidential information. The letter also noted that some of the companies mentioned by Raskin had already received federal business before 1789 Capital made its investments.
The dispute between the firm and Raskin highlights the potential for political showdowns in the U.S. House if control of the chamber flips in the upcoming November elections.
Written by urgent.news from CBS News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
