![]() In an interview with Bloomberg Businessweek, Mnuchin said of the lawsuit, "This was one of hundreds of cases that there was a decision on. Securities Investor Protection Act Administrator Irving Picard sued them, claiming that $3 million of the money was stolen profits. ![]() She died in 2005 and left her sons $5 million. Mnuchin's mother invested with Bernie Madoff. Two groups in California, the California Reinvestment Coalition and Fair Housing Advocates of Northern California, recently filed a complaint with the Department of Housing and Urban Development against the CIT Group, alleging that it, as the successor to OneWest, failed to open a significant number of branches in minority neighborhoods and provide adequate loans in Southern California, including Los Angeles. Trump subsequently sued to extend the dates of the loans, which the defendants, including Dune Capital, did not accept. In 2009, Dune Capital was among those that bought interests in a Trump construction project in Chicago. ![]() "He's bringing a lot of people into the party who have not been part of the party in the past," Mnuchin said, according to Bloomberg. In an interview with Bloomberg, Mnuchin said he was with Trump at Trump Tower the night he won the New York primary and Trump asked him to join his campaign. Trump named Mnuchin as national campaign finance chairman in May 2016. Something you may not know about him: Mnuchin was a member of the exclusive Skull and Bones secret society at Yale, as were George H.W. He also worked for Soros Fund Management, a firm founded by Soros. OneWest was sold to the CIT Group in 2015. In 2009 he organized investors (including top Hillary Clinton donor George Soros) to buy the failed housing lender IndyMac and renamed it OneWest. He then founded RatPac Dune Entertainment, which produced "Avatar" and the X-Men movies, among others. What he used to do: Mnuchin was a partner at Goldman Sachs, where he worked for 17 years, and left the firm in 2002. Name: Steven Terner Mnuchin (pronounced Min-OOCH-in) Here's everything you need to know about Mnuchin: In a statement in November, Democratic National Committee communications director Adam Hodge criticized the selection of Mnuchin as a "slap in the face to voters who hoped he would shake up Washington." Hodge continued, "So much for draining the swamp," and characterized Mnuchin as a "billionaire hedge fund manager and Goldman Sachs alumnus who preyed on homeowners during the recession." "CIT is committed to fair lending and works hard to meet the credit needs of all communities and neighborhoods we serve," the company said in an e-mail to ABC News. Over the years, Mnuchin has been a Hollywood producer and a Democratic donor who has faced some controversy: A lending company on whose board he sits, the CIT Group, faces a housing discrimination complaint. Mnuchin previously served as Donald Trump's finance chairman during his presidential campaign. It does not store any personal data.— - Former Goldman Sachs executive and hedge fund CEO Steve Mnuchin was confirmed as the new secretary of the treasury Monday, with a 53-47 vote. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is used to store the user consent for the cookies in the category "Other. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". ![]() These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly.
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