C.R.E.A.M. – Betsy DeVos’s Family Yacht Sails Under a Foreign Flag

We already know that Transportation Secretary Elaine Chao’s family shipping consortium routes its business through the Marshall Islands—a notoriously secretive tax haven. Federal records detail how Trump’s Commerce Secretary Wilbur Ross, Securities and Exchange Commission Chairman Jay Clayton and Federal Reserve board appointee Randal Quarles held parts of their personal fortunes in investments based in the Cayman Islands, which are not necessarily required to adhere to America’s domestic financial regulations.

Now there’s DeVos, one of the heirs of Amway’s multilevel marketing empire. When the family’s 164-foot yacht was untethered from a Huron, Ohio, dock, it was flying a flag of the Cayman Islands, where the yacht is registered

Why Does Betsy DeVos’s Family Yacht Fly a Foreign Flag? Donald Trump’s ‘America First’ Administration and the Cayman Islands

hmmm

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