Excerpt:
On Tuesday, Mark Dubowitz and Toby Dershowitz, two executives at the hawkish Foundation for Defense of Democracies (FDD), took to the op-ed pages of The New York Times to celebrate last week’s announcement that Argentina’s former president, Cristina Fernández de Kirchner, would face treason charges for her alleged role in covering up Iran’s alleged involvement in the 1994 bombing of a Jewish community center in Buenos Aries, killing 85 people.
But their op-ed fails to disclose a serious financial conflict of interest underpinning their attacks on Kirchner. One of FDD’s biggest donors financed a multi-year public diplomacy campaign against Kirchner all while attempting to collect $2 billion in debt from Argentina. ...
Moreover, their rush to denigrate Kirchner omits a major conflict of interest in Dubowitz and Dershowitz’s funding. Between 2007 and 2011, hedge-fund billionaire Paul Singer contributed $3.6 million to FDD. That coincided with his battle to force Argentina to repay the full amount of the sovereign debt held by Singer’s firm, Elliott Management, a payout that Kirchner rejected. Ninety-three percent of Argentina’s creditors accepted losses, but Singer was one of the few holdouts. Having bought up Argentina’s defaulted bonds at pennies on the dollar, he had then sued the country for payment in full. ...
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