#bribery
5 entries with this tag
Trump Bragged from the Oval Office That He Dropped Crypto Investigations — "You're Lucky I'm President!" — While His Financial Disclosure Shows He Made $1.4 Billion from Crypto, His Memecoin Lost Investors $3.8 Billion, He Pardoned the Binance Founder Who Pleaded Guilty to Money Laundering, and His SEC Chair Dropped Cases Against Companies That Donated to His Inauguration
President Trump told cryptocurrency figures from the Oval Office: "Every time I see a crypto guy where they dropped an investigation, I said, 'You're lucky I'm president!'" His 2025 financial disclosure, filed days earlier, shows he made $1.4 billion from crypto — $636 million from the $TRUMP memecoin and nearly $800 million from World Liberty Financial, a venture he co-founded with his sons. Meanwhile, nearly one million investors who bought the $TRUMP memecoin lost a combined $3.81 billion as the token crashed 97% from its peak. Trump profited whether the price went up or down — he collected returns whenever anyone traded the tokens, which he promoted on Truth Social. His SEC chair Paul Atkins — who holds $6 million in personal crypto assets — dropped or dismissed at least a dozen crypto enforcement cases, including meritorious litigation against Binance, Coinbase, and Kraken. Crypto-related enforcement fell 60%. Trump pardoned Changpeng Zhao, the Binance founder who pleaded guilty to money laundering in 2023. Binance then deployed engineers to build World Liberty Financial's stablecoin and holds 86% of all USD1 tokens. Companies whose cases were dropped — Coinbase, Kraken, Ripple, Robinhood, Crypto.com — had each donated at least $1 million to Trump's inauguration. At the 2025 memecoin gala dinner, 19 of the top 25 holders were likely foreign nationals. Justin Sun, a Chinese billionaire facing SEC fraud charges that were paused by the Trump administration, held the top spot. Freight Technologies bought $20 million in tokens explicitly to "advocate for fair trade." Rep. Greg Casar: "The Trump family has made over $5 BILLION in corrupt crypto deals. Now Trump is openly bragging that his government won't investigate cryptocurrency-related crimes. Corruption, plain and simple." Senator Gillibrand proposed banning elected officials from issuing memecoins. The president of the United States stood in the Oval Office and boasted about dropping investigations into the industry that made him a billionaire.
A Second No-Bid Reflecting Pool Contract Went to a Trump Donor and Mar-a-Lago Neighbor Who Admitted to Bribing a Congressman
The New York Times reports that Greenwater Services, an Ohio firm, received a $1.7 million no-bid contract to install the "ozone nanobubbler" filtration system in the Reflecting Pool. The company is owned by the J.J. Cafaro Investment Trust, led by John J. Cafaro — a Trump donor, Mar-a-Lago neighbor, and a man Trump has called "a fantastic man." Cafaro admitted to providing an "unlawful gratuity" (a bribe) to former Rep. James Traficant and to committing perjury in federal court; he received probation while Traficant got eight years. The company listed Cafaro's Palm Beach mansion as its Florida address and his investment trust's phone number in Ohio lobbying records. The White House says Trump "was not involved" in selecting Greenwater. This is the second no-bid Reflecting Pool contract given to a Trump-connected firm — the first, $13.1 million to Atlantic Industrial Coatings, went to a company whose prior pool work was at Trump's golf club. Combined cost: nearly $15 million. The pool is green. The two miles of faulty pipes that cause the algae problem remain unfixed.
Colbert Cancelled After Paramount Paid Trump $16M to Approve Merger — "A Big, Fat Bribe"
Paramount paid $16M to settle Trump's lawsuit, clearing FCC approval for its merger. Colbert called it "a big, fat bribe." 48 hours later, CBS cancelled his show. Trump celebrated: "I absolutely love that Colbert got fired." The Writers Guild demanded a bribery investigation.
Pardoned 20+ Convicted Corrupt Politicians
Trump granted clemency to over 20 corruption-convicted politicians, wiping nearly $2 billion in victim restitution. His pardon attorney described the approach as "No MAGA left behind."
$TRUMP Memecoin Grift
Three days before inauguration, Trump launched the $TRUMP memecoin. It soared to $13 billion market cap then crashed, earning the Trump family $320M+ in fees while 764,000 investor wallets lost a combined $2 billion.