Rumours of Maxine Waters Connection with Russia: Not So Far-fetched

There has been rumor going around about how Maxine Waters has financial ties with Russia. Of course mainstream news is brushing it off as conservative propaganda. I decided to do more, better research, as I found no definitive proof of Russian financial connections in the articles that I read. GotNews.com article didn’t have the links necessary to prove their case, instead of a link to the Disclosure Form they simply put a screen capture. Which, in playing devil’s advocate, doesn’t prove anything.

However, digging deeper I found a Disclosure Report filed in 2017 that showed the financial ties to what is known as BlackRock Inc. I made sure this report was filed by the Clerks of the House, making sure that this was a file about Maxine Waters’ financial ties and not Maxine Waters writing a document that represented the House’s financial ties. Karen L. HAAS has been the Clerk of the House since 2011 so this is obviously being filled out by here in relation to Maxine Waters’ finances.

Maxine Waters is getting dividends from:

  • Merrill Lynch: Blackrock Balanced (IRA)- $100,001 to $250,000
  • Merrill Lynch: Blackrock Global (IRA)- $100,001 to $250,000

At first I thought the OneUnited might be a bank account, however, dividends specifically means she’s getting up to $250,000 straight from the bank because of her shareholder status.  I also thought it was her husband’s shareholder amount due to him having been a member of the board in the past. However, the initials “SP” clearly stands for ‘separate’ and “JT” stands for “Joint”. That’s up to a million dollars a year with OneUnited alone. On top of that, the board of directors specifically chooses who this money goes to. Curiously though, no dividends were officially paid to her the entire year of 2016.

Blackrock Balanced does have connections with Russia. In one of its documents it lays out the risks of investing in Russia:

Risks of Investments in Russia. A Fund may invest a portion of its assets in securities issued by companies located in Russia. The Russian securities market suffers from a variety of problems described above in “Investments in Emerging Markets” not encountered in more developed markets. The Russian securities market is relatively new, and a substantial portion of securities transactions are privately negotiated outside of stock exchanges. The inexperience of the Russian securities market and the limited volume of trading in securities in the market may make obtaining accurate prices on portfolio securities from independent sources more difficult than in more developed markets.

However, the document also informs of investments in other countries such as Japan and Hong Kong. There’s no proof in these documents that she specifically invested into Russian banks. However, there IS proof that she’s investing overseas, NOT in America.

 

It’s pretty sad that California has more billionaires in its state than any other country except the rest of the United States and China, and it has the largest collection of homeless in the United States. And the last place many them are investing, is in their own people.

 

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