Podesta Group, the lobbying firm founded by brothers John and Anthony Podesta that has close ties to the Democratic Party, may be shutting down.
The firm has become entangled in special counsel Robert Mueller’s Russia investigation over work it did for President Donald Trump’s former campaign chairman, Paul Manafort.
Manafort was indicted last month on 12 counts, including money laundering and failing to register as a foreign agent.
Podesta Group has also come under scrutiny for failing to properly disclose its lobbying activities.
Podesta Group, a well-known lobbying firm with close ties to the Democratic Party and the Obama administration, might close its doors after being caught in the crosshairs of special counsel Robert Mueller’s investigation into Russia’s interference in the 2016 election, CNN reported on Saturday.
Podesta Group — which was founded by brothers John and Anthony Podesta — got roped into the investigation over work it did for Trump’s former campaign chairman, Paul Manafort.
Manafort was recently indicted, along with his associate Rick Gates, on 12 counts related to money laundering and his work as a foreign agent primarily associated with Ukraine’s pro-Russia Party of Regions.
Kimberley Fritts, the CEO of Podesta Group, told staff on Thursday that the lobbying firm would close its doors by the end of the year, sources told CNN. Fritts also asked employees to clean out their belongings and told them they would not be paid past November 15.
While investigating Manafort’s consulting work for the party, Mueller has been scrutinizing Podesta Group and the lobbying group Mercury Public Affairs. Mercury worked with Podesta Group after Manafort asked the firms to do public relations work for the European Centre for a Modern Ukraine (ECMU), which he and Gates first created, according to his indictment.
The organization’s stated goal is to foster …read more
Source:: Business Insider