SUCCESS (AND DECORUM) JUST RUNS IN THE FAMILY: No apology, no rebate! Chelsea Clinton’s husband Marc Mezvinsky has ‘nothing to say’ to his investors (some Hillary contributors) despite losing 90% of their millions:
Mezvinsky and his partners had written to clients in 2014 to declare confidence in their ‘Hellenic Opportunity’ fund, predicting that Greece was on the path to a ‘sustainable recovery’.
They had collected $25 million by then but stopped taking money by the end of that year when it became clear the country’s economy would collapse without a massive Eurozone bailout.
The fund had reportedly lost about 40 percent of its value by early 2015 and yet was not closed down until last month, according to The New York Times, which cited two anonymous investors.
The failure is a huge personal blow to Mezvinsky, who is also the son of political figures, albeit less well known that his wife’s famed parents.
His father, Edward Mezvinsky, represented Iowa’s 1st congressional district in the U.S. House of Representatives for two terms in the 1970s and his mother, Marjorie Margolies, represented Pennsylvania from 1993 to 1995. [Both Dems, of course — Ed]
Ed Mezvinsky pleaded guilty to 31 charges of felony fraud in 2001 and spent five years in federal prison after he admitted scamming his friends and family out of $10 million in a Ponzi scheme.
His son met Chelsea Clinton at a political retreat when the pair were children and they became lifelong friends. They became romantically involved after her 2005 split from ex-boyfriend Ian Klaus, when Mezvinsky became ‘a shoulder to lean on’, according to Chelsea’s chief of staff, Bari Lurie.
The pair married in July 2010 and two years later Chelsea revealed their desire to start a family, with Mezvinsky telling Vogue his wife was ‘the yin to my yang’.
They welcomed their first child, Charlotte, in 2014, and announced last December that Chelsea was pregnant again with their second. Chelsea, meanwhile, has stayed busy this past year campaigning for her mother while also working for the Clinton Foundation.
AKA, the Clinton family’s personal slush fund.