Trump’s FBI Pick Kash Patel Took Up to $5M in Stock From Chinese Ecommerce Giant Shein

Kash Patel, presidential candidate Donald Trump, who will become the head of the Federal Bureau of Investigations, owns stocks from 1 to 5 million US dollars in the company that controls Shein, controversial electrical commerce and fashion giant, based on lobbying and corporate records from Three countries discussed by Wired. They show that Patel began to consult with Shein a month before the company also retained the services of a lobbying company, where PEM Bondi, who recently confirmed Trump, worked as a US prosecutor general, worked at that time.

In the legally necessary financial disclosures, Patel told the US Senate members, who should vote in order to confirm him next week, that he does not plan to cancel his share in Shein if he becomes the leader of the FBI. It was allocated by shares in Fast-Fashion, which is reported that it is valued in the amount of 50 billion dollars in the form of the so-called “limited joint-stock units” (RSU).

RSU is often provided to employees of the company who usually cannot cash them out until a certain time or other conditions are met. Patel said that he began to put forward his Shein RSU on February 1 and, as expected, will be paid on a quarterly.

According to Jordan or Vynitsa, vice president in communication in the group on responsibility and ethics in Washington, a legal entity, as an official, such as the head of the FBI. “However, the optics of the situation is not great,” he says. “Thus, we would recommend discarding or atonement from any issue related to Shane after taking office.”

Official work in the team of the Trump transition group said that Patel became “higher and beyond”, answering legislators’ questions. “The Senate appreciated all potential conflicts and problems,” said Arjun Modi in an electronic letter in Wired. Shane did not immediately respond to a request about the comment.

In his financial disclosure, Patel said that he began to work as a consultant in the organization in the Kaiman Islands called Elite Depot Ltd. In April 2024, which he called the “Fashion Management Company.” A wired overview of corporate registration applications, disclosure of lobbying information and other public records from the islands of the United States, Great Britain and Kayman shows that Elite Depot operates as a maternal company for Shein.

Shane, who is known for selling inexpensive clothes made in China, underwent intense thorough thorough thorough thorough thorough thorough thorough thoroughness due to his alleged unethical business practice, when Patel began to consult with the company. Among the disputes, Shane struggled to get the approval of financial regulators to become public in New York. In February of the same year, the then Senator Marco Rubio from Florida, now Secretary of State Trump, called on the US securities and US exchanges to stop the planned IPO Shein.

In the financial audit, which the Shein, represented by regulatory authorities in the UK – where he is currently trying an IPO after his attempts on the US list have been stopped – the company said that its “final side is Elite Depot Limited, a company registered on Kaiman Islands. “Public applications submitted to Congress with three different political lobbying companies working on behalf of Shane in Washington also describe Elite Depot as a 100 percent share of ownership in a giant quickly fashion.