Janet Yellen Paid $800k+ By Hedge Fund Firm Involved With GameStop Fiasco

The New York Post reported on Thursday that Treasury Secretary Janet Yellen was paid $810,000 by a hedge fund named Citadel to speak at three of their events.

Citadel is the same hedge fund that sent $2 billion to Melvin Capital in an attempt to save them from small investors who propped up GameStop over the week.

Janet Yellen received $810,000 in speaking fees in 2019 and 2020 from Citadel, the hedge fund wrapped up in the GameStop saga.

Citadel has spent $240k per year lobbying Congress and the Treasury Department. https://t.co/nf5gHJ18o3

— Chuck Ross (@ChuckRossDC) January 28, 2021

“Separate from the GameStop issue, the secretary of Treasury is one of the world renowned experts on markets, on the economy. It shouldn’t be a surprise to anyone she was paid to give her perspective and advice before she came into office — before she came in to be the Treasury secretary, I should say,” said Psaki when asked about the event fees.

It’s important Sec. Yellen-who made $800k in speaking fees from Citadel-remain entirely uninvolved from any investigation into @RobinhoodApp which generates nearly half its revenue from selling customer info to Citadel. She signed ethics agreement to do so https://t.co/coabElw2vA

— Dr. Roger Marshall (@RogerMarshallMD) January 29, 2021

According to financial disclosure forms, Yellen made $7 million from banks and Wall Street firms in 2019 and 2020.

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