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chowder66

(12,194 posts)
8. They provided 25% of the firm's profits to 9/11 families, a total of at least $180 million
Sun Feb 15, 2026, 01:36 PM
Feb 15

"All of the money for the business interruption recovery relating to the American Airlines case went either to strengthen and support the overall business, or to the over 600 Cantor Partners, precisely proportionate with the exact stake in the company, Mr. Lutnick included,” the spokeswoman said. “For five years, Cantor’s Partners provided 25% of the firm’s profits to the 9/11 families, a total of at least $180 million, in addition to ten years of health benefits."

A senior executive at Cantor said the manner in which the settlement was distributed, including the chunk of money Lutnick received, is entirely appropriate since Cantor never promised family victims a portion of the money in the first place. The executive described the case against American Airlines as a “business interruption lawsuit” since Cantor’s offices were destroyed in the attack, meaning it was appropriate for the company to keep the money.

Cantor, this person said, has donated millions of dollars to charities to support the victims of 9-11, and the families of its own employees.

.......

Cantor’s opaque partnership structure makes it difficult to determine how much Lutnick could receive from the settlement. Lutnick is also chief executive of BGC Partners(NASDAQ:BCGP), a publicly traded brokerage firm, and he runs other businesses related to Cantor.

This is the link to the original article posted in the meme....
https://www.foxbusiness.com/features/9-11-settlement-distribution-stirs-ire-among-cantor-insiders

Cantor probably hated this and I bet it was devised from partners and/or board members.

Recommendations

5 members have recommended this reply (displayed in chronological order):

NO comments yet for this revelation? democratsruletheday Feb 15 #1
WOW! I Still Remember Him Around 9/11 Bursting Into Dry Tears ForeGoneLegsBirne Feb 16 #33
First off, what a dick, and 2ndly, anyone know the date of the original article? AZJonnie Feb 15 #2
They provided 25% of the firm's profits to 9/11 families, a total of at least $180 million chowder66 Feb 15 #8
So, the quoted article is from 2016. Thank you! AZJonnie Feb 15 #9
thanks for the bigger context Kali Feb 15 #19
You're welcome. I wanted to know too. chowder66 Feb 15 #29
Despicable but not surprising. Spazito Feb 15 #3
My first thought was how very Trumpian. jls4561 Feb 15 #4
I met that a hole back in the 90's at a security traders event through a guy who worked at Cantor Fitzgerald kimbutgar Feb 15 #5
He fits right in with Trump and company. badhair77 Feb 15 #6
"The Brotherhood of Crooks and Cronies"! calimary Feb 15 #14
😃 badhair77 Feb 15 #25
Trump stole as well Traildogbob Feb 15 #7
Somehow the executives knew to go to Texas that morning ChicagoTeamster Feb 15 #10
dead peasant insurance rampartd Feb 15 #12
Of course he did, that's the only type person that would be invited ToxMarz Feb 15 #11
Excuse my language... lonely bird Feb 15 #13
It's hilarious Greg_In_SF Feb 15 #15
or rather INcomplete bullshit Kali Feb 15 #18
Yep! Greg_In_SF Feb 15 #20
We can do infinitely better prosecuting rich and connected criminals dlk Feb 15 #16
Because they arent leaders to begin with.. BattleRow Feb 15 #17
Indeed dlk Feb 16 #34
No wonder Drumpf loved him. Fucking people is a virtue with these miscreants. It's that simple.n/t Evolve Dammit Feb 15 #21
Kick dalton99a Feb 15 #22
Post removed Post removed Feb 15 #23
Sick fucks gonna sick fuck Blue Owl Feb 15 #24
Attorneys in the USA are scammers. Jacson6 Feb 15 #26
Now he travels about with that shit eating smile BlueWaveNeverEnd Feb 15 #27
Krasnov also stole 125,000mil from 9/11 even tho props weren't close. No damage. All scum!!! tazcat Feb 15 #28
Goldman Sachs isn't a bank. It's the world's largest big money laundering operation and pyramid scheme in history. Initech Feb 15 #30
You mean Cantor Fitzgerald? WarGamer Feb 16 #36
Bastard! calimary Feb 16 #31
IOW, he behaved like......A REPUBLICAN Skittles Feb 16 #32
This leaves out an incredible amount of detail WarGamer Feb 16 #35
I'm sure Howard and Co appreciate the support/clarification. BannonsLiver Feb 17 #37
There is a specific portion of the population who wants to be led through a forest and directed to look at the moss WarGamer Feb 17 #38
Latest Discussions»General Discussion»Howard Lutnick stole most...»Reply #8