There’s a rumor going around, mentioned, among other places, in tweets by Attorney L. Lin Wood, that “Communist China purchased Dominion Voting in October 8 for $400M.” This is based on an SEC filing showing that Staple Street Capital, which acquired Dominion in 2018, engaged in a $400 million transaction with UBS Securities, LLC (listing its address as being in Manhattan).
Some nincompoop looked at the Wikipedia page for “UBS Securities” which directs to UBS Securities Co LLC — which is indeed a Chinese company, whose website brags that it is the “first foreign-invested fully-licensed securities firm in China, 51% owned by UBS AG” — and then concluded that this bank injected $400 million into Staple Street.
But UBS Securities Co LLC (the Chinese company) has that name because it was created through the efforts of UBS (Union Bank of Switzerland), which has a significant ownership stake in it. It is quite obvious from the SEC documentation that the American branch of UBS, rather than the Chinese company, was involved in the transaction documented in the filing.
The level of self-ownage here by someone filing a lawsuit about proof of fraud in the most consequential election of our lifetimes is pretty bad. Maybe this is part of the reason that Trump’s official legal team distanced themselves from Powell (and thereby Wood).
