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Ownership of Dominion Draws Scrutiny After Unusual Fundraising
WASHINGTON Dominion Voting Systems has come under scrutiny for its ownership structure after its parent company raised funds with the help of a Swiss bank before the 2020 U.S. presidential election. The transaction, peculiar in several ways, has led some to speculate that a Chinese entity could be an indirect investor in Dominion.
Staple Street Capital Group LLC, a New York-based private equity (PE) firm, acquired Dominion Voting Systems Corp. in 2018. The maker of electronic voting systems has been at the center of election fraud claims since Nov. 3.
UBS Securities LLC, the New York-based subsidiary of Swiss bank UBS, helped Staple Street raise $400 million from investors for its third fund on Oct. 8, according to public records.