Howard Lutnick stole most of the 9/11 insurance settlement money for himself and the other senior executives

[LetMyPeopleVote]

It appears that Lutnick stole insurance recoveries from employees

Link to tweet

[democratsruletheday]

1. NO comments yet for this revelation?

We already knew Lutnick is a slimy POS, but this just kinda drives it home even more so.

[ForeGoneLegsBirne]

33. WOW! I Still Remember Him Around 9/11 Bursting Into Dry Tears

?si=FM_0h8xN-9FFBODj

...and only now do I catch up on all the horrid things he did subsequently!

[AZJonnie]

2. First off, what a dick, and 2ndly, anyone know the date of the original article?

Curious if Faux Business has since scrubbed it from their website, and if so, I wonder when they did so.

[chowder66]

8. They provided 25% of the firm's profits to 9/11 families, a total of at least $180 million

"All of the money for the business interruption recovery relating to the American Airlines case went either to strengthen and support the overall business, or to the over 600 Cantor Partners, precisely proportionate with the exact stake in the company, Mr. Lutnick included,” the spokeswoman said. “For five years, Cantor’s Partners provided 25% of the firm’s profits to the 9/11 families, a total of at least $180 million, in addition to ten years of health benefits."

A senior executive at Cantor said the manner in which the settlement was distributed, including the chunk of money Lutnick received, is entirely appropriate since Cantor never promised family victims a portion of the money in the first place. The executive described the case against American Airlines as a “business interruption lawsuit” since Cantor’s offices were destroyed in the attack, meaning it was appropriate for the company to keep the money.

Cantor, this person said, has donated millions of dollars to charities to support the victims of 9-11, and the families of its own employees.

.......

Cantor’s opaque partnership structure makes it difficult to determine how much Lutnick could receive from the settlement. Lutnick is also chief executive of BGC Partners(NASDAQ:BCGP), a publicly traded brokerage firm, and he runs other businesses related to Cantor.

This is the link to the original article posted in the meme....
https://www.foxbusiness.com/features/9-11-settlement-distribution-stirs-ire-among-cantor-insiders

Cantor probably hated this and I bet it was devised from partners and/or board members.

[AZJonnie]

9. So, the quoted article is from 2016. Thank you!

In a nutshell, the tweet is clickbait featuring exaggerations extrapolated from much less incriminating core facts.

I'm shocked to hear of that happening in the establishment (formerly, loosely) known as the Twitterverse.

[Kali]

19. thanks for the bigger context

[chowder66]

29. You're welcome. I wanted to know too.

[Spazito]

3. Despicable but not surprising.

[jls4561]

4. My first thought was how very Trumpian.

[kimbutgar]

5. I met that a hole back in the 90's at a security traders event through a guy who worked at Cantor Fitzgerald

The guy I knew died in the twin towers on 9-11 and his family was screwed over and only received his insurance payout. He left a wife and two school age daughters. Who I later heard had to sell their family home. My boss at the time donated $1000 to a fund for them. Now hearing lutnut stole their money makes me even angrier towards him😡🤬!

[badhair77]

6. He fits right in with Trump and company.

The brotherhood of crooks and cronies.

[calimary]

14. "The Brotherhood of Crooks and Cronies"!

I LOVE this, badhair77! Really nails it.

[badhair77]

25. 😃

[Traildogbob]

7. Trump stole as well

Claimed trump Tower was devastated.

[ChicagoTeamster]

10. Somehow the executives knew to go to Texas that morning

And left everyone else in the office. And, who takes out life insurance on their employees and their families don’t know? Walmart does this too.

[rampartd]

12. dead peasant insurance

here is a company that explains why companies can turn this into a profit center.



https://www.obrella.com/news/understanding-dead-peasant-insurance-what-you-need-to-know/

[ToxMarz]

11. Of course he did, that's the only type person that would be invited

into Trump's orbit. You can what type of person someone is just by their association with (and support of) Trump.

[lonely bird]

13. Excuse my language...

Fuck Nutlick.

[Greg_In_SF]

15. It's hilarious

that it only takes about 3 seconds of research to discover that most posts like these are complete bullshit but people take it hook line & sinker every time

[Kali]

18. or rather INcomplete bullshit

I hate that "we" are almost as gullible as "them" but it really is a problem in this country.

[Greg_In_SF]

20. Yep!

Lying by omission is still lying

[dlk]

16. We can do infinitely better prosecuting rich and connected criminals

Where is the courage of our leaders?

[BattleRow]

17. Because they arent leaders to begin with..

Only aquiescent accomplices,volunteer victims and geldings.

The women have shown to be true leaders.

It was said at one time that you had to be twice the woman to be half the man.

Lets update that to..you only have to be half the woman to be twice the man these days.

[dlk]

34. Indeed

[Evolve Dammit]

21. No wonder Drumpf loved him. Fucking people is a virtue with these miscreants. It's that simple.n/t

[dalton99a]

22. Kick

[Blue Owl]

24. Sick fucks gonna sick fuck

[Jacson6]

26. Attorneys in the USA are scammers.

In CA if you sue someone you must pay a 45% commission to the law firm and pay their hourly wages. You also have to pay experts to testify for at least $50k each and all legal fees. It has gotten so bad that a man that won a $1M dollar jury award in CA had to pay $5M in legal costs.

The courts are a racket.

[BlueWaveNeverEnd]

27. Now he travels about with that shit eating smile

[tazcat]

28. Krasnov also stole 125,000mil from 9/11 even tho props weren't close. No damage. All scum!!!

[Initech]

30. Goldman Sachs isn't a bank. It's the world's largest big money laundering operation and pyramid scheme in history.

[WarGamer]

36. You mean Cantor Fitzgerald?

[calimary]

31. Bastard!

What a low blow. Either what he did, or just simply him.

S-H-M … U-C-K … Call him SHMUCK todaaaaaaaay!!! (Hey, that fits! Right on the beat!)

[Skittles]

32. IOW, he behaved like......A REPUBLICAN

THAT IS WHAT THEY DO

[WarGamer]

35. This leaves out an incredible amount of detail

While it's true that the $135M settlement was distributed across 600 CF partners...

For some odd reason... it doesn't mention that CF paid over $180M directly to survivors families... including 10 years of full health insurance.

Typical I guess.