by Pam Martens and Russ Martens
Wall Street on Parade
Three of the top men at the U.S. Department of Justice who have been involved in negotiations as to whether Goldman Sachs, for the first time in its history, will be charged with a criminal felony and hit with a multi-billion dollar fine, received large sums of money from the law firm, Kirkland & Ellis, before joining the Trump administration. Kirkland & Ellis is the law firm defending Goldman Sachs in the criminal case.
The top dog at the Justice Department, Attorney General William Barr, worked as “Of Counsel” to Kirkland & Ellis prior to joining the Justice Department. Barr’s financial disclosure form shows that Kirkland & Ellis paid him $1,188,257 and a $50,000 bonus for 2018. In addition to the money from Kirkland & Ellis, Barr made another $2.6 million in fees and from cashing out stock options for his work as a member of the Boards of Directors at Dominion Energy, Time Warner, and Och-Ziff Capital Management, a hedge fund that paid a $213 million criminal fine in 2016 to settle charges with the Justice Department that it had engaged in “a widespread scheme involving the bribery of officials in the Democratic Republic of Congo (DRC) and Libya.” (Och-Ziff Capital Management has subsequently rebranded itself as Sculptor Capital.)