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    George Soros foundation hits back at Trump after report that DoJ plans to target group

    The Open Society Foundations (OSF), the major philanthropic group funded by George Soros, has criticized the Trump administration for “politically motivated attacks on civil society” after a report that the justice department had instructed federal prosecutors to come up with plans to investigate the charity.The New York Times reported on Thursday that a lawyer in the office of Todd Blanche, the deputy attorney general, sent a memo to several federal prosecutors in attorney’s offices in California, New York, Washington DC, Chicago and Detroit, offering a range of charges to consider against the group. Those charges included racketeering, arson, wire fraud and material support for terrorism, the newspaper reported.The push comes as Trump has ramped up efforts to deploy the justice department to target his enemies. He has pledged to crack down on leftwing groups in the wake of Charlie Kirk’s killing and has repeatedly singled out Soros, a major funder of liberal groups, as a target. “We’re going to look into Soros, because I think it’s a Rico case against him and other people,” Trump said on 12 September, using an acronym to refer to racketeering charges. “Because this is more than like protests. This is real agitation.”In a statement, the OSF described the effort as “meant to silence speech the administration disagrees with and undermine the first amendment right to free speech”.“The Open Society Foundations unequivocally condemn terrorism and do not fund terrorism. Our activities are peaceful and lawful, and our grantees are expected to abide by human rights principles and comply with the law,” it said in a statement.“When power is abused to take away the rights of some people, it puts the rights of all people at risk. Our work in the United States is solely dedicated to strengthening democracy and upholding constitutional freedoms. We stand by the work we do to improve lives in the United States and across the world.”Trump has pledged to prosecute Soros and has increased pressure on the justice department to prosecute his political rivals. Last week, Trump forced out a top federal prosecutor in Virginia after it was determined there was insufficient evidence to bring criminal charges against former FBI director James Comey and New York attorney general Letitia James.Trump installed a White House aide, Lindsey Halligan, in the role, and prosecutors are said to be nearing filing charges against Comey. More

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    George Soros hands control of multi-billion foundation to son

    The financier George Soros, the billionaire investor and liberal donor, has handed control of his multi-billion-dollar foundation to his son, Alexander.The 92-year-old, who memorably made $1bn betting against the British pound and “breaking the Bank of England” in a catastrophic financial event in 1992 that became known as Black Wednesday, had said previously that he did not want his Open Society Foundations (OSF) to be taken over by any of his five children.However, Soros has now named his son Alexander as chairman of one of the wealthiest global philanthropic foundations. “He’s earned it,” said Soros, whose personal fortune is valued at $6.7bn.The 37-year-old, who was quietly appointed in December, said he was “more political” than his father and that he planned to continue donating family money to left-leaning US political candidates, in an interview with the Wall Street Journal on Sunday.His father has been one of the biggest donors to Democratic candidates in US politics.“We are going to double down on defending voting rights and personal freedom at home and supporting the cause of democracy abroad,” said Alexander. “As much as I would love to get money out of politics, as long as the other side is doing it, we will have to do it too.”Alexander, who earlier this week tweeted a picture of himself posing with the US vice-president, Kamala Harris, now directs political activity as president of his father’s political action committee.The foundation, of which Alexander has been deputy chair since 2017, directs about $1.5bn a year to groups such as those backing human rights and helping to build democracies.Alexander, who studied history at New York University and earned a PhD from the University of California, Berkeley, has pursued his own initiatives including backing progressive Jewish organisations, environmental causes and workers’ rights in the US.He also sits on the investment committee of the foundation that oversees Soros Fund Management (OSF), with the vast majority of the $25bn in assets under management belonging to the OSF. The OSF received $18bn from his father in 2018.skip past newsletter promotionafter newsletter promotion“With my background, there are a lot of ways I could have gone astray,” said Alexander. “Instead I became a workaholic, and my life is my work.”George Soros has married three times and has five children: Alexander, Andrea, Gregory, Robert and Jonathan. More