THE LATEST | CANADANew York Times: Elliott has a history of clinching lucrative deals in risky locales. After Argentina defaulted on its sovereign debt in 2001, most foreign bondholders settled for pennies on the dollar, but Elliott held firm. The hedge fund spent tens of millions of dollars on a legal, lobbying and PR blitz around the world to make the country pay. The efforts eventually led to a $2 billion payday.
After Maduro’s capture, some Republicans have sought to draw attention to Elliott’s dealings. Kentucky congressman Thomas Massie, a Trump critic, said Sunday on X that according to Grok, xAI’s chatbot, Elliott’s billionaire founder Paul Singer “stands to make billions of dollars on his distressed Citgo investment, now that this administration has taken over Venezuela.” Massie said Singer, an influential GOP donor, has already spent $1 million to defeat him in the next election…