” Without Tillerson’s approval, Priebus has switched on the final vetting process for the top GOP donors on his ambassador list – going so far as to assure Buchan he has Priebus’ personal assurance that Buchan will be nominated as U.S. ambassador to Spain.
Consider the facts of Duke Buchan’s checkered business history.
Buchan’s $1 billion Hunter Global hedge fund was a high-flyer until the 2008 financial crisis, when Buchan took unrecoverable losses, forcing him to announce unceremoniously in December 2011 that he was shuttering his firm Hunter Global Investors LP.
Since then Buchan has spent a lot of time trying to evade taxes and not pay bills, claiming he intended to convert Hunter Global into a fund for family investments. Since the collapse of Hunter Global in 2011, Buchan has spent a lot of time trying to evade past debts.
Records that surfaced subsequently show that Hunter Global Investors Offshore Fund Ltd. registered in the Cayman Islands, famous as a destination for tax cheats, was put into “voluntary liquidation” on Dec. 4, 2012, given until Jan. 16, 2013 to resolve all debts before the company was thrown into default. Effectively declaring bankruptcy. Buchan’s active lawsuit against the Cayman Islands company could complicate this situation, if selected as ambassador.”
Apparently Duke is more famous in Millbrook for shooting his shotgun through the floor of the dining room from the lockers downstairs.
Here is an article about Mr. Buchan which is more friendly that appeared a while ago in the New York Times.
