Senate Democrats are investigating Yorkville Advisors, a financial group with ties to US President Donald Trump’s family, over a special-purpose vehicle set up to raise $200mn to buy a business in Venezuela.
Ron Wyden, the top Democrat on the influential Senate finance committee, wrote to Mark Angelo, president of Yorkville Advisors, on Thursday to request additional information about a special purpose acquisition company run by the Mountainside, New Jersey-based firm.
The FT was first to report last month that Yorkville had planned to raise funds as part of its effort to find a business to acquire “in Latin America and Venezuela”.
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