Tags: Trump Administration | scaramucci | white house | job | millions

Scaramucci's White House Stint May Cost Him $7.5 Million

Image: Scaramucci's White House Stint May Cost Him $7.5 Million
(AP)

By    |   Thursday, 03 Aug 2017 09:25 AM

Former White House communications director Anthony Scaramucci could lose $7.5 million for taking the job, USA Today reports. 

Scaramucci sold his company Skybridge Capital to a Chinese company before he took a job in President Donald Trump's administration, but did not obtain a "certificate of divestiture," which provides special tax treatment to federal employees who gave up assets to avert potential conflicts of interest when they were hired.

Without the certificate, his company's sale could be taxed according to the capital gains rate of 15 percent, and his financial disclosure report shows that his share is worth $50 million or more.

Although the Office of Government Ethics did not comment to the paper about whether Scaramucci applied for a certificate, but those granted are public record, and none has been given to the hedge fund founder, and they can only be issued to current executive branch employees.

Despite the personal setbacks for its founder, Skybridge told USA Today that the sale to HNA Group will continue as planned.

"Recent developments with Anthony Scaramucci and his role within the administration have no impact on our business and/or the transaction with HNA," Skybridge said in a statement.

"The news about Anthony Scaramucci leaving his role as White House communications director has no impact on HNA's commitment to closing the SkyBridge transaction as soon as possible," HNA spokesman Bob Rendine said to the paper.

"We fully expect it to move forward and there is no change from our hope that it will be closed by the end of the summer."

Neither Scaramucci nor his lawyer responded to the newspaper's requests for comment.

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Former White House communications director Anthony Scaramucci could lose $7.5 million for taking the job, USA Today reports.
scaramucci, white house, job, millions
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2017-25-03
Thursday, 03 Aug 2017 09:25 AM
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