Stalin
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- Joined
- Apr 4, 2008
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“Paul Singer’s shady purchase of Citgo has everything to do with this coup.”
One of President Donald Trump’s top billionaire donors, who has spent the past several months backing a push for regime change in Venezuela, is about to cash in after the president’s kidnapping of the nation’s president, Nicolas Maduro, this weekend.
While he declined to tell members of Congress, Trump has said he tipped off oil executives before the illegal attack. At a press conference following the attack, he said the US would have “our very large United States oil companies” go into Venezuela, which he said the US will “run” indefinitely, and “start making money” for the United States.
As Judd Legum reported on Monday for Popular Information, among the biggest beneficiaries will be the billionaire investor Paul Singer:
Singer is also a major pro-Israel donor, with his foundation having donated more than $3.3 million to groups like the Birthright Israel Foundation, the Israel America Academic Exchange, Boundless Israel, and others in 2021, according to tax filings.
In November 2025, less than two months before Trump’s operation to take over Venezuela, Singer’s investment firm, Elliott Investment Management, inked a highly fortuitous deal.
It purchased Citgo, the US-based subsidiary of Venezuela’s state-owned oil company, for $5.9 billion—a sale that was forced by a Delaware court after Venezuela defaulted on its bond payments.
The court-appointed special master who forced the sale, Robert Pincus, is a member of the board of directors for the American Israel Public Affairs Committee (AIPAC).
Elliott Management hailed the court order requiring the sale in a press release, saying it was “backed by a group of strategic US energy investors.”
Singer acquired the Citgo’s three massive coastal refineries, 43 oil terminals, and more than 4,000 gas stations at a “major discount” because of its distressed status. Advisers to the court overseeing the sale estimated its value at $11-13 billion, while the Venezuelan government estimated it at $18 billion.
As Legum explained, the Trump administration’s embargo on Venezuelan oil imports to the United States bore the primary responsibility for the company’s plummeting value:
Meet Paul Singer, the Billionaire Trump Megadonor Set to Make a Killing on Venezuela Oil | Common Dreams
Trump megadonor Paul Singer bought Citgo, the US subsidiary of Venezuela's state oil company, at a rock-bottom price last month. Now, the hedge fund "vulture" is expected to make a killing from Trump's regime change war.
www.commondreams.org
as always, the unholy alliance of a corrupt legal system, a corrupt administration, a corrupt business climate and a corrupt military paves the way for yet another outrage south of the border..
comrade stalin
moscow
comrade stalin
moscow
