Janet Yellen received more than $800,000 in speaking fees from a hedge fund that has become embroiled in the saga over stock trades for video game retailer GameStop, according to her financial disclosures.
Citadel, a hedge fund founded by Ken Griffin, a major GOP donor, paid Yellen $810,000 to speak at several events from October 2019 to October 2020, according to Yellen's filings with the Office of Government Ethics.
The Chicago-based hedge fund paid Yellen $292,500 for a speech on Oct. 17, 2019, $180,000 for one on Dec. 3, 2019, and $337,500 to speak at a series of webinars held from Oct. 9-27, 2020.
Citadel is invested heavily in Melvin Capital, a hedge fund that was reportedly on the brink of bankruptcy this week due to a surge in GameStop share prices.
Massachusetts Sen. Elizabeth Warren asserted on Wednesday that hedge funds and other wealthy investors have long used the tactics deployed by the Reddit users investing in GameStop.
"For years, the same hedge funds, private equity firms, and wealthy investors dismayed by the GameStop trades have treated the stock market like their own personal casino while everyone else pays the price," Warren said.
The hedge fund has come under criticism not just for helping bail out Melvin, but also over its relationship with Robinhood, a stock trading app popular with the investors buying into GameStop.
https://dailycaller.com/2021/01/28/janet-yellen-gamestop-citadel/
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