Posted by Fox Sports on Saturday, November 08, 2017 03:10:55US-based brokerage firm, Peabble Tec, has been in talks with the US government to get the money stolen from investors who invested in the Trump administration, the New York Times reported on Saturday.
According to the Times, the US Attorney’s Office in New York said the firm was willing to make a deal worth more than $3bn in exchange for a conviction of the Trump team.
“We’ve got to make sure we don’t get caught.
We’ve got no choice.
If we do get caught, we’ll be forced to take a huge, massive, big, fat penalty.
It’s going to be big,” said a senior US official.
In September, US President Donald Trump announced his plan to take over the reins of the federal government.
The new administration would be run by an appointee of Mr Trump, as well as former acting Attorney General Sally Yates and former FBI Director James Comey, the Times said.
The US government has accused Peables Tec of using a “toxic cocktail of greed, corruption and deceit” to steal millions of taxpayers’ money from investors.
“This is the biggest-ever theft of assets from US taxpayers.
This is not about politics,” Mr Trump said.
Peables is a subsidiary of private equity firm Apollo Global Management and is based in New Jersey.
“The Peabbles Tec team has repeatedly shown no intention of paying the full price,” the government said in a statement.
“As the only government entity capable of taking on a multi-billion-dollar fraud, we are committed to making the fullest use of our resources,” the statement added.
A Peablede spokesperson did not immediately respond to a request for comment.
Mr Trump’s team said on Twitter that the deal would “absolutely not” happen, but added: “We will be looking at the terms of the deal and will have more to share in the near future.”
Peabble’s Tecs first US public offering came in January.
It was halted earlier this month after a $400m (£272m) settlement with the Federal Trade Commission over charges of deceptive advertising and marketing.
In May, a judge ruled that Peable was liable for the fraud, which led to the downfall of the US president.
The SEC said the case involved Peablers deceptive advertising to investors of the president’s personal wealth.