NYT’s Argentina Op-Ed Fails to Disclose Authors’ Financial Conflict of Interest

paul-singer-

by Eli Clifton

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.

Indeed, legitimate questions exist about the bombing and suspicious 2015 death of Argentine Special Investigator Alberto Nisman who claimed in 2006 that Iran ordered the bombing. But Kirchner’s supporters fear that Argentina’s President Mauricio Macri is using judicial reforms and charges against Kirchner to remove his political opposition.

FDD has been eager to promote Nisman’s work. The group also runs AlbertoNisman.org “to honor the legacy of late Argentine Prosecutor Natalio Alberto Nisman and his tireless pursuit of justice.” FDD continues this work despite serious questions about large unexplained deposits to Nisman’s bank account.

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.

Singer embarked on a 15-year legal battle to collect on Argentina’s debt payments by attempting to seize Argentine government assets around the world, including a 100-meter three-masted tall ship when it docked in Ghana). After financing public diplomacy campaigns against Kirchner, Singer’s firm walked away with approximately 75 percent of what he was owed, $2.4 billion. The deal, finalized last year, was largely credited to Mauricio Macri, Kirchner’s successor.

Groups receiving Singer’s donations kept up a steady drumbeat of attacks on Kirchner and sought to tie her to Iran and Nisman’s suspicious death. “We do whatever we can to get our government and media’s attention focused on what a bad actor Argentina is,” Robert Raben, executive director of the American Task Force Argentina (ATFA) explained to The Huffington Post.

ATFA, a group created by Singer and other hedge fund holdouts, spent at least $3.8 million dollars over five years in its efforts attacking Argentina.

“Argentina and Iran: Shameful Allies” was the headline of one ATFA ad that ran in Washington newspapers in June 2013 as the Obama administration was weighing whether to file an amicus brief with the U.S. Supreme Court in Argentina’s favor. The ad featured side-by-side photos of Kirchner and then-Iranian President Mahmoud Ahmadinejad connected by the question, “A Pact With the Devil?” That same spring, FDD release an English-language summary of a new “ground-breaking” report by Nisman detailing “Iran’s extensive terrorist network in Latin America.”

This was followed by a flood of op-eds by FDD fellows and a series of hearings held by the House Homeland Security Subcommittee. According to FDD’s vice president, Toby Dershowitz, the report, which contains serious flaws and leaps of logic (detailed by Jim Lobe here and here), provided:

[A] virtual road map for how Iran’s long arm of terrorism can reach unsuspecting communities and that the AMIA attack was merely the canary in the coal mine. …The no-holds-barred, courageous report is a ‘must read’ for policy makers and law enforcement around the world and Nisman himself should be tapped for his guidance and profound understanding of Iran’s terrorism strategy.

Singer’s largesse also extended to the American Enterprise Institute (AEI) where he contributed $1.1 million in 2009. AEI Fellow Roger Noriega, who received $60,000 directly from Elliott Management in 2007 to lobby on the issue of “Sovereign Debt Owed to a U.S. Company,” published an article on the group’s website—“Argentina’s Secret Deal with Iran?”—citing secret documents about an alleged nuclear cooperation agreement between Tehran and Buenos Aires “brokered and paid for” by then-Venezuelan President Hugo Chávez.

In 2013, Noriega and Jose Cardenas, a contributor to AEI’s “Venezuela-Iran Project,” co-authored a seven-page policy report—“Argentina’s Race to the Bottom”—charging that Kirchner’s government was “casting its lot with rogue governments like those in Venezuela and Iran.”

Singer also gave $500,000 to The Israel Project (TIP) in 2007 and $1 million in 2012. By May 2015, the group’s magazine, The Tower, published no fewer than 48 articles that mentioned Argentina and 40 that cited Nisman and the 1994 bombing.

Neither AEI, TIP, nor FDD has bothered to disclose its funding from Singer when publishing work that advanced his public pressure campaign against Kirchner. Indeed, there is no public record of why Singer chooses to fund these organizations. But his funding poses a conflict of interest, especially when The New York Times publishes Dershowitz and Dubowitz without any public acknowledgement that their criticism of Kirchner conveniently follows the narrative and financial interests of one of the duo’s biggest financial donors.

Photo: Paul Singer

Print Friendly, PDF & Email
avatar

Eli Clifton

Eli Clifton reports on money in politics and US foreign policy. Eli previously reported for the American Independent News Network, ThinkProgress, and Inter Press Service.

4 Comments

  1. Excellent article. It was outrageous of the NY Times to publish the article without full disclosure about the authors’ connections. In addition to the Singer money connection, there is FDD’s pro-Israel and anti-Iran tilt, and consequent eagerness to finger Iran as the culprit for the Argentine bombing, which also suited US interests. Nisman worked closely with US entities. There are lots of questions about who committed the crime. The real culprit may well have been Syria, but that doesn’t fit the Israeli narrative. Israel managed to squelch voices within the Argentine Jewish community that didn’t follow that narrative.

  2. To DGFINGHAM

    There are plenty of reasons for Iran’s involvement in this kind of bombing like the one they were involved in India just a few years ago. The Iranian regime uses these types of visible targets every time it wants to settle a score with the state of Israel (defections from their ranks, software malware in their nuclear facilities, etc.). One has to be naive to think that Iranian regime is not capable of the worst atrocities.

    The Mullahs have and the IRGC have proven over and over again in the last 39 years that there is no limit to what they can do in terms of acts of terrorism anywhere around the world.

  3. Israel bomb a Jewish community center in far-off Buenos Aries? There are a dozen or so Jewish synagogues in Iran which would be much easier to blow up, if Iran were so inclined.

Comments are closed.