Treasury Secretary Janet Yellen received over $800,000 from a hedge fund tied to the bubbling GameStop situation, according to her financial disclosure.
Yellen, whose payouts were accrued via speaking fees, received $337,500 in October 2020, $292,500 in October 2019, and $180,000 in December 2019 from Citadel, which is accused of bailing out Melvin Capital after it lost billions in GameStop shorts, Treasury Department financial records showed.
“The secretary of [the] treasury is one of the world-renowned experts on markets [and] on the economy. It shouldn’t be a surprise to anyone she was paid to give her perspective and advice,” White House press secretary Jen Psaki said when asked whether Yellen would recuse herself from advising President Biden on policy decisions involving GameStop.
The White House did not immediately reply to a request for comment.
