this post was submitted on 06 Jan 2026
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[–] UnderpantsWeevil@lemmy.world 45 points 1 week ago* (last edited 1 week ago) (2 children)

In November 2025, less than two months before Trump’s operation to take over Venezuela, Singer’s investment firm, Elliott Investment Management, inked a highly fortuitous deal.

It purchased Citgo, the US-based subsidiary of Venezuela’s state-owned oil company, for $5.9 billion—a sale that was forced by a Delaware court after Venezuela defaulted on its bond payments.

The court-appointed special master who forced the sale, Robert Pincus, is a member of the board of directors for the American Israel Public Affairs Committee (AIPAC).

Elliott Management hailed the court order requiring the sale in a press release, saying it was “backed by a group of strategic US energy investors.”

Singer acquired the Citgo’s three massive coastal refineries, 43 oil terminals, and more than 4,000 gas stations at a “major discount” because of its distressed status. Advisers to the court overseeing the sale estimated its value at $11-13 billion, while the Venezuelan government estimated it at $18 billion.

Trying to imagine the outcry if this had been done by a Russian firm on Ukrainian assets or a Chinese court on Taiwanese property.

Is any major US news agency covering this as a story, I wonder?

[–] demonsword@lemmy.world 1 points 6 days ago

Trying to imagine the outcry if this had been done by a Russian firm on Ukrainian assets or a Chinese court on Taiwanese property.

That would be casus belli for the entire West to rise up, I guess

[–] middlemanSI@lemmy.world 11 points 1 week ago

My skin crawls just by a mention of the orange turd, and then I read israeli...I have to go shower