Did Russia meddle in the US election?
Theories that Russian intelligence had some kompromat on Donald Trump have been circulating for a long time.
Intelligence agencies have briefed President Barack Obama and President-elect Donald Trump about a "kompromat" (compromising dossier) of personal and financial information, allegedly gathered by Russian spies. The allegations form a two-page synopsis of 35 pages of memos compiled by a retired British intelligence operative working for Trump's political rivals. The material was presented as part of a classified report into Russian interference in the US election.
The information has been circulating since before the US election last November, says Catherine Philip in The Times, but it wasn't until news website Buzzfeed published the documents in full last Tuesday that they became public. The material, currently being investigated by the FBI, has "not yet been corroborated" and contains factual errors.
Trump's response was to tweet, "FAKE NEWS A TOTAL POLITICAL WITCH HUNT". A Kremlin spokesman also dismissed the allegations, denying that the Kremlin had any kompromat on Trump. The memos suggest that the Kremlin has been trying to "influence and co-opt" Trump for years. They describe alleged meetings during the election campaign between Russian officials and Trump representatives, and include a claim from an unidentified Russian source that Trump and senior members of the team knew about and supported hacking and leaking of Democrat emails.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The fact that no reputable news organisation has been able to corroborate these charges damages their credibility, says Gideon Rachman in the Financial Times. Some already seem to be "falling apart". However, as the Lawfare blog observes, "the president and president-elect do not get briefed on material that the intelligence community does not believe to be at least of some credibility".
The reason they are so potentially damaging is that they "fit into a broader narrative". The obvious explanation for Trump's repeated refusal to acknowledge Russian interference in the election is that he "resents anything that casts doubt on the legitimacy of his election", but theories that Russian intelligence had some kompromat on him have been circulating for a long time.
Emily has extensive experience in the world of journalism. She has worked on MoneyWeek for more than 20 years as a former assistant editor and writer. Emily has previously worked on titles including The Times as a Deputy Features Editor, Commissioning Editor at The Independent Sunday Review, The Daily Telegraph, and she spent three years at women's lifestyle magazine Marie Claire as a features writer for three years, early on in her career.
On MoneyWeek, Emily’s coverage includes Brexit and global markets such as Russia and China. Aside from her writing, Emily is a Nutritional Therapist and she runs her own business called Root Branch Nutrition in Oxfordshire, where she offers consultations and workshops on nutrition and health.
-
Barclays warns of significant rise in social media investment scams
Investment scam victims are losing an average £14k, with 61% of those falling for one over social media. Here's how to spot one and keep your money safe
By Oojal Dhanjal Published
-
Over a thousand savings accounts now offer inflation-busting rates – how long will they stick around?
The rate of UK inflation slowed again in March, boosting the opportunity for savers to earn real returns on cash in the bank. But you will need to act fast to secure the best deals.
By Katie Williams Published