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One of Washington's most prominent lobbying firms is on the verge of shuttering after becoming ensnared by special counsel Robert Mueller's investigation.
Kimberley Fritts, the chief executive of the Podesta Group, told employees during a Thursday staff meeting that the firm would cease to exist at the end of the year, according to two sources. Employees were asked to clear out their desks and were told they may not be paid beyond November 15, multiple sources said.
.......
Talk of potentially closing the Podesta Group marks a dramatic downfall of one of K Street's most iconic and well-connected firms. In its heyday, Podesta Group was the largest non-law firm lobbying organization in Washington. Tony Podesta, the firm's founder and chairman, helped fuel the company with work for foreign governments. He and his brother, John, founded the company almost three decades ago. (John Podesta chaired Hillary Clinton's 2016 presidential campaign. He left the firm in 1993.)
originally posted by: JBurns
One of Washington's most prominent lobbying firms is on the verge of shuttering after becoming ensnared by special counsel Robert Mueller's investigation.
Kimberley Fritts, the chief executive of the Podesta Group, told employees during a Thursday staff meeting that the firm would cease to exist at the end of the year, according to two sources. Employees were asked to clear out their desks and were told they may not be paid beyond November 15, multiple sources said.
Fritts told the employees the Podesta Group may try to provide health care through the end of the year, according to two people in the meeting.
The developments come after the Podesta Group was tied last week to Mueller's indictments of Paul Manafort and Rick Gates, who pleaded not guilty after being charged with failing to file as foreign agents relating to a decade of work they did for the Party of Regions, a pro-Russia political party in the Ukraine.
Mueller's special investigation team has also interviewed multiple people from the Podesta Group, which was recruited by Manafort and Gates to work along with another firm.
Talk of potentially closing the Podesta Group marks a dramatic downfall of one of K Street's most iconic and well-connected firms. In its heyday, Podesta Group was the largest non-law firm lobbying organization in Washington. Tony Podesta, the firm's founder and chairman, helped fuel the company with work for foreign governments. He and his brother, John, founded the company almost three decades ago. (John Podesta chaired Hillary Clinton's 2016 presidential campaign. He left the firm in 1993.)
source: CNN
Looks like the Podesta group is indeed a target of the investigation. I would be keeping an eye out for indictments, since Podesta related charges would be very similar to charges against Manafort/Gates.
The Podesta Group is the largest non-law firm lobbying group according to the article. Their downfall represents a major blow to foreign and special interest influences in public government.
One phrase conspiculously missing from the article is any reference to "Russia" or "President Trump." Amazing how much this narrative has shifted.
originally posted by: JBurns
a reply to: the2ofusr1
Heh, that is a really good question. I hadn't really read into that myself, but are we sure he resigned in 1993?
originally posted by: JBurns
a reply to: the2ofusr1
Heh, that is a really good question. I hadn't really read into that myself, but are we sure he resigned in 1993?
originally posted by: Jiggly
dems should have just shut up for 4 years and put up a good candidate
too bad so sad
Kimberley Fritts, the chief executive of the Podesta Group, told employees during a Thursday staff meeting that the firm would cease to exist at the end of the year, according to two sources. Employees were asked to clear out their desks and were told they may not be paid beyond November 15, multiple sources said.