Several former lobbying clients of Chad Wolf, now the acting secretary of Homeland Security, have received millions of dollars’ worth of government contracts while he has held senior positions within the department.
Wolf, who became the acting chief of the department late last year, was a lobbyist for over a decade at Wexler & Walker before he took leadership roles with DHS under President Donald Trump. Wolf served as the acting chief of staff at the Transportation Security Administration in 2017 and later became the chief of staff for former Homeland Security Secretary Kirstjen Nielsen.
Since then, several of Wolf’s former clients reaped a total of at least $160 million in contracts from DHS, according to a CNBC analysis of the public filings. […]
One American Science and Engineering contract, which took effect on July 1, 2018, is worth just over $80 million, a filing says. The company, in this case, is dedicated to supplying U.S. Customs and Border Protection, which is under DHS, with maintenance and support services. AS&E, which, according to its website, is now owned by Rapiscan Systems, saw at least $93 million in DHS contract obligations in 2018.
Analogic received over $9 million in DHS contracts between 2017 and 2018. In 2017, Analogic announced a $4 million base contract with TSA, another agency under Homeland Security.
The contract allowed Analogic “a 12-month development phase and 24 months of prototype warranty, with options for additional ConneCT prototypes and warranty for a period of 24 months at the TSA’s discretion,” the release, dated November 2, 2017, says.
From 2008 until 2010, Wolf lobbied TSA for Analogic on issues related to security equipment, lobbying disclosure reports say. The New York Times reported that Wolf tried to help Analogic sell its carry-on baggage equipment to TSA when he was still working at Wexler & Walker. Wolf, who also worked at TSA during the Bush administration, later became the agency’s acting chief of staff under the Trump presidency.
ABB, which had tapped Wolf to lobby Congress on their behalf, has also seen a major contract go its way while Wolf held top positions at DHS. ABB received a DHS government contract worth $5.6 million for services dedicated to the U.S. Coast Guard.
Wolf lobbied for ABB up until 2016. Filings show that during his last year of work for the company, he focused, in part, on issues related to the “United States Coast Guard Icebreaker,” a fleet of ships that have the ability to go through thick sheets of ice in places like the Arctic.
August 5, 2020
Eastman Kodak on Monday granted its executive chairman options for 1.75 million shares as the result of what a person familiar with the arrangement described as an “understanding” with its board that had previously neither been listed in his employment contract nor made public.
One day later, the administration of President Donald Trump announced a $765 million financing deal with Eastman Kodak, and in the days that followed the stock soared, making those additional options now held by executive chairman Jim Continenza worth tens of millions.
The decision to grant Continenza options was never formalized or made into a binding agreement, which is why it was not disclosed previously, according to the person familiar with the arrangement. The options were granted to shield Continenza’s overall stake in the company from being diluted by a $100 million convertible bond deal clinched in May 2019 to help Eastman Kodak stay afloat, according to the person’s account.
August 1, 2020
Ivanka Trump and Jared Kushner earned at least $36.2 million as they served in the White House last year, reporting a boost in income from some companies they own that hold residential and commercial properties, new disclosures released Friday show.
President Trump’s daughter and her husband, who serve as top advisers to him, reported a minimum combined income that was at least $7 million higher than in 2018, when they reported making at least $29 million, according to their personal financial disclosures, which they are required to file annually.
Their minimum income was lower last year than it was in 2017, the year they entered government service, when they reported earning at least $82 million, the disclosures show.
However, it is impossible to determine the exact amount that the couple earned or their net worth, because documents they are required to file with the Office of Government Ethics require administration officials to only report the worth of assets and liabilities in ranges.
July 31, 2020
Most troubling of all, perhaps, was a sentiment the expert said a member of Kushner’s team expressed: that because the virus had hit blue states hardest, a national plan was unnecessary and would not make sense politically. “The political folks believed that because it was going to be relegated to Democratic states, that they could blame those governors, and that would be an effective political strategy,” said the expert.
July 30, 2020