How does that work? Rights to tariffs someone else paid? I don't understand who is paying...jimmy spako wrote: Sat Feb 21, 2026 2:33 am Meanwhile, Lutnick's sons are reportedly buying up tariff refund rights at 20–30 cents on the dollar at Cantor Fitzgerald.
NM, reddit has the answer:
"Basically, while dad was on the news selling the tariffs to the public, his sons were quietly going to companies that were bleeding money on these tariffs, the ones who couldn’t afford to wait for a court case that might take years. And they were offering them a deal. It probably went something like this you paid ten million dollars in an illegal tax. You might get it back someday if the courts do the right thing. But someday doesn’t pay your bills today. Sell us your claim, and we’ll give you two or three million dollars in cash right now. You get liquidity that you desperately need while we take the risk. They offered these poor saps mere twenty to thirty cents on the dollar. It's a classic vulture capital play."