Podesta Group, Mercury Are Companies 'A' and 'B' in Indictment

Lucy Bush
November 1, 2017

"The biggest story yesterday, the one that has the Dems in a dither, is Podesta running from his firm", tweeted the President of the United States on Tuesday morning. What he know (s) about Crooked Dems is earth shattering.

"He and his brother [John Podesta] could Drain The Swamp, which would be yet another campaign promise fulfilled", Trump tweeted.

What, exactly, is President Donald Trump talking about? His decision to step down is a significant effect of Mueller's probe, but he's drawn outsize interest on the right because he's the brother of Hillary Clinton campaign chairman John Podesta.

Why did he step down from the Podesta Group?

"Despite the recession, lobbying scandals and frequent denunciation from President Obama about their outsize influence, lobbyists are more in demand than ever".

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The Podesta brothers founded the firm in 1988, and John left in 1993. The firm brought in an estimated $4.8 million in the third quarter of 2017, down from $6.1 million in the third quarter of 2016.

His firm, the Podesta Group, has been a subject of special counsel Robert Mueller's investigation into Russian meddling in the 2016 election in part because of its work on behalf of foreign interests.

He is now being investigated by Mueller for failing to properly disclose these efforts to regulators. In what Mueller's team describes as a "scheme", Manafort and Gates put together a PR campaign to rally support in D.C. for Ukraine and its former president Viktor Yanukovych without properly registering with the US government.

This year, it came to light that Podesta Group had not fully disclosed the extent of its work lobbying for a Ukrainian group also tied to Manafort, CNN reported.

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The Party of the Regions is a pro-Kremlin political base for Ukraine's former President Viktor Yanukovych, who fled to Russian Federation three years ago. "Based on our due diligence and on the recommendation of definitive legal experts, the firm immediately filed the appropriate public disclosures of its representation of the ECFMU over five years ago, and in eight subsequent public filings". Podesta Group said at the time it believed its client was a European think tank untethered to a political party. "The ECFMU provided formal certification that it was neither funded by nor directed by a government or political party".

The partner added that the effort had been fueled partly by Mr. Podesta's aggressive efforts to defend himself against coverage by the conservative news media on the special counsel's scrutiny of the Podesta Group.

John Podesta is fighting back.

President Trump worked closely with the men during his campaign, but he was not named in the indictment.

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