Did Janet Yellen violate ethical and legal standards when she allegedly accepted money for speaking engagement from banks she is also in charge of regulating? That’s the accusation that has been leveled at Treasury Secretary Janet Yellen by Bitcoin thought leader Bruce Fenton, who tweeted a table that showed Yellen receiving hundreds of thousands of dollars in speaking fees from major banks over a short period of time.
U.S. Treasury Secretary Janet Yellen Accused Of Banking Corruption Following Move Against DeFi Space
From bitcoinist.com
2021-08-10 14:56:50
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Excerpt:
Janet Yellen has recently been accused of corruption. The U.S. Treasury Secretary was accused of accepting ‘speaking fees’ from banks. The Secretary filed an earnings limited disclosure which showed that Yellen had received millions in speaking fees from different banks. With $7.2 million in speaking fees coming from just the Citadel hedge fund and Citi Bank.
The rate at which Yellen was being paid for these speaking engagements was alarming. Which prompted Bitcoin enthusiast Bruce Fenton to point out the earnings. Fenton took to Twitter to post a screenshot of Yellen’s earnings. And highlighted amounts that were paid to the Secretary by banks.
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The totals showed that Yellen had received over $7 million from Citadel alone. Yellen received $450,000 from City National for just three days of speaking. Investors accuse Yellen of collecting bribes from banks in form of speaking fees in order to help them work against the DeFi space.
