And Hunter Biden was hardly the only prominent American who did well for himself during Ukraine’s transition. Another Burisma director was Cofer Black, George W. Bush’s CIA counterterrorism chief. The Republican operative and future Trump campaign chair Paul Manafort worked for Yanukovych. So did Obama White House Counsel Gregory Craig. The millions he was grossing were paid by an oligarch allied with Yanukovich and routed to Craig’s firm, Skadden Arps, through a confusing series of offshore accounts. At the time, Craig was a director of the Carnegie Endowment for International Peace. I was just joining that organization, as the first senior fellow working on international corruption. (His work for Yanukovych was not widely advertised.)
Craig was prosecuted on the narrow count of lying to federal investigators. He was acquitted. To see the grin on his face that day, it was as though he had been absolved not just of criminal misconduct but also of moral wrongdoing.
When prominent Americans leverage their global reputations for financial gain, they attract almost no attention today. How many of us who consider ourselves well versed in U.S. politics and international relations know that alongside her consulting firm, former Secretary of State Madeleine Albright started an emerging-markets hedge fund, run by her son-in-law? In 2011, Albright Capital took a voting stake in APR Energy, specializing in pop-up electricity plants for developing countries. APR promotes itself to the mining industry in Africa, where resource extraction enriches a handful of kleptocratic elites and leaves locals mired in pollution and conflict. Some of APR’s business comes via the U.S. Agency for International Development, which works closely with the State Department once led by Albright.
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