#conflict-of-interest
12 entries with this tag
They Did It Anyway: Trump Media Launched the Truth API Exactly on Schedule on August 1 — Selling $100,000-a-Month Early Access to the President's Market-Moving Posts — Days After Senators Referred It to the SEC as Illegal Insider Trading and a Former SEC Official Called It "Misappropriated Information"
When Trump Media unveiled the Truth API — a paid feed selling banks and high-frequency traders a millisecond head start on the president's market-moving Truth Social posts for up to $100,000 a month — the objections were immediate and bipartisan in their substance. Senators Elizabeth Warren and Adam Schiff wrote to the SEC on July 29 calling it "an outrageous abuse of the President's office for his personal benefit that undermines everyday investors and the integrity of our markets." Rep. Ritchie Torres pressed the SEC on what he labeled the "insider trading API." Renée Jones, a former top SEC official, told NPR the arrangement appears to run afoul of insider-trading law: "If the president's Truth Social posts are being monetized, and if some people get special access to them, that's misappropriated information." None of it mattered. On August 1, 2026 — on schedule, without modification — the Truth API went live. Institutional clients now receive the president's posts before the public, and the president's company collects the fees. The launch is its own, separate scandal from the plan to launch: it is the moment the administration was told, in writing, by U.S. senators and former regulators, that a product might be criminal insider trading and monetized state power — and shipped it anyway, betting that an SEC run by Trump's own appointees will never investigate the president's own company. The going-live, over the objection, is the point.
Trump Signed the Epstein Files Transparency Act Under Pressure, Then His DOJ Defied Both the Law and a Federal Judge's Order to Release the Files — the Same Associate Attorney General Just Referred for Discipline in the IRS Case Asked the Court to Ignore Its Own Deadline
In November 2025, under intense bipartisan and public pressure, Trump signed the Epstein Files Transparency Act, which ordered the Justice Department to release all files connected to the Jeffrey Epstein investigation by December 19. His administration has spent the months since not complying. After journalist Katie Phang sued over withheld materials, U.S. District Judge Emmet Sullivan ruled the administration had likely violated the Transparency Act and ordered the DOJ to release and unredact the disputed files or explain why they must stay hidden. Hours before the deadline, Associate Attorney General Stanley Woodward — the same official a federal judge referred for bar discipline days earlier over the sham IRS settlement — asked Sullivan to delay the deadline by 60 days or disregard it entirely. The DOJ then formally declined to hand over additional unredacted files, claiming the redactions were appropriate and protected victims. Among the disputed materials, according to reporting, are FBI interview notes from a woman who alleged she was forced to perform a sex act on Trump in the 1980s after meeting him through Epstein — an allegation that is uncorroborated and that Trump has strongly denied. Reps. Thomas Massie and Ro Khanna, frustrated that the department was withholding files it was legally required to disclose while survivors' names leaked out, introduced a second bill — the Epstein Files Transparency Act II. The throughline: a president who signed a transparency law to quiet a scandal, then had his Justice Department defy the law, a court, and Congress to keep the files sealed.
Trump's Media Company — Which He Owns Nearly 60% Of — Will Sell Wall Street a Millisecond Head Start on His Own Market-Moving Truth Social Posts for Up to $100,000 a Month, Letting High-Frequency Traders Trade on Presidential Announcements Before the Public Even Sees Them
Trump Media & Technology Group unveiled "Truth API," a paid, licensed data feed that gives banks and high-frequency trading firms "the fastest" access to posts from the 10 most influential Truth Social accounts — Trump's being "by far the most prominent" — delivering them to paying clients up to a thousandth of a second before the public gets them. The fee runs up to $100,000 per month, or $60,000 a month on a three-year plan. It launches August 1, 2026, and the company says it has already signed up customers, including high-frequency trading firms and financial news organizations. The value is obvious and specific: Trump's posts routinely move markets. On April 2, 2025, his "Liberation Day" tariff post helped send stocks down nearly 5%; days later, "THIS IS A GREAT TIME TO BUY!!!" — announcing a 90-day tariff pause — sent them up 9.5%, adding $4 trillion to the S&P 500; his June 2025 "THE CEASEFIRE IS NOW IN EFFECT" post instantly moved oil. Selling a head start on those announcements to the fastest traders is, in effect, monetizing advance access to U.S. government policy. Ordinary conflict-of-interest law would bar a federal official from owning a company that profits off his office — but the president and vice president are explicitly exempt from that provision, and Trump owns roughly 60% of Trump Media (a stake worth about $2 billion on paper, held in a revocable trust controlled by Donald Trump Jr.). Ethics experts were blunt. Kathleen Clark of Washington University: "He's selling expedited, privileged access to information about what he is doing as president... yet more brazen corruption, an improper exploitation of government power to enrich himself." The Project on Government Oversight's Dylan Hedtler-Gaudette: "It's odious, selling access to the highest bidders." The move comes as Trump Media flails — DJT stock is down roughly 70% since he took office, closing around $9.66 against a pre-inauguration price near $40, with losses topping $1 billion — making the one asset that still reliably prints money the presidency itself.
A Judge Voided the Sham Lawsuit Trump Filed Against His Own IRS to Launder Himself Tax Immunity and a $1.776 Billion "Anti-Weaponization" Slush Fund for His Allies — Finding "Bad Faith," No Real Case, and Referring Acting AG Todd Blanche for Discipline Two Days Before His Confirmation Hearing for the Permanent Job
On July 13, 2026, U.S. District Judge Kathleen Williams (an Obama appointee in the Southern District of Florida) issued a scathing 56-page order voiding the settlement of Trump's lawsuit against the IRS and referring his lawyers — including Acting Attorney General Todd Blanche — for disciplinary action. The backstory: in January, Trump and his two eldest sons sued the IRS for $10 billion over the leak of his tax returns. In May, "both sides" settled — except both sides were Trump. As president he controlled the IRS he was suing. The settlement created a $1.776 billion "anti-weaponization fund" to pay Trump allies (premised on January 6 and classified-documents claims) and, via a memo Blanche signed and quietly added to the DOJ announcement, granted Trump, his family, and his businesses sweeping immunity from IRS audits and other federal claims for past conduct. Nearly three dozen former federal judges from both parties — including Bush appointee J. Michael Luttig — intervened, calling it "the product of collusion" and "a fraud on the court." Williams agreed: "there was never adverseness between the Parties; there was never a case or controversy; and there was never a question as to who would prevail." She found Trump and his sons "acted in bad faith," said the tax-amnesty order "directly contravenes" the federal law barring presidents from influencing audits, and noted the $1.776 billion figure "speaks of a 'branding' effort rather than a deliberate and thoughtful calculation of damages." She was "extremely troubled" by Blanche's congressional testimony, calling one answer "at best, misleading and, at worst, disingenuous." She referred Blanche and Associate AG Stanley Woodward to the New York and D.C. bars (where disciplinary proceedings are already underway), referred private attorney Alejandro Brito to the Florida Bar, limited attorney Daniel Epstein's practice, voided the agreement so it can never be cited in any proceeding, and ordered sanctions. She closed by quoting John Adams: "Facts are stubborn things." The ruling landed two days before Blanche's Senate Judiciary confirmation hearing to become permanent attorney general.
Trump's Financial Disclosure: $1.4 Billion in Crypto Income in 2025 — His Meme Coin Made Him $635 Million While Retail Investors Lost $2.3 Billion — He Also Bought Private Prison Stock as ICE Detainees Doubled
Trump's 2025 financial disclosure — 927 pages, compared to Obama's 8 and Biden's 11 — reveals at least $1.4 billion in cryptocurrency income and $2.24 billion in total revenue. The breakdown: $635 million from licensing his $TRUMP meme coin, which he launched three days before inauguration and which has since crashed 97.7% (from $74.27 to $1.68), leaving over one million retail investors with $2.3 billion in combined losses. Another $526 million from World Liberty Financial token sales — the company where an Abu Dhabi royal family member secretly purchased a 49% stake for $187 million to Trump entities, then received approval for hundreds of thousands of advanced AI chips despite national security concerns. And $100+ million in bitcoin held in cold wallets — the first time a sitting president has disclosed direct crypto ownership. Forbes estimates Trump's net worth nearly tripled from $2.3 billion to $6.5 billion, driven by crypto. The same disclosure reveals Trump's investment accounts bought stock in GEO Group, the private prison company, starting 10 days after inauguration — as ICE detainees swelled from 35,000 to 70,000 and GEO reported record $254 million profits (a 700% increase). In 2021, Trump called Bitcoin "a scam." The crypto industry then became the largest corporate donor of the 2024 election at $238 million. He now calls himself the "crypto president." His SEC dropped enforcement actions against Coinbase, Kraken, Ripple, and others. He disbanded the DOJ unit that investigated crypto crime. He signed crypto-friendly legislation. And he made $1.4 billion. A May 2026 poll found 62% of voters don't trust Trump to regulate crypto; even 59% of Republicans oppose officials maintaining crypto business interests while in office.
UFC to Pay White House Cage Match Fighters in Crypto Issued by Trump's Own Company — While He Owns the Stock, Sells $12,000 Coins, and Hosts a $1M-Per-Plate Fundraiser
UFC Freedom 250 fighters at the White House will receive bonuses in USD1 — a stablecoin issued by World Liberty Financial, co-owned by the Trump family (75% of profits) and Steve Witkoff's family. Witkoff is Trump's Middle East envoy — the man negotiating the Iran ceasefire. A second $1 million bonus pool pays fighters in CRO from Crypto.com, which has donated millions to Trump's super PAC and partnered with Trump Media on prediction markets and ETFs. Trump bought TKO stock before promoting the event. The Trump Organization sells co-branded coins up to $11,999.99. A $1 million-per-plate super PAC fundraiser is the night before. Ringside sponsorship: $1M+. The octagon features logos from Crypto.com, Polymarket (Don Jr. is an advisor), VeChain, Stake, and Exodus. A former DOJ prosecutor called it "a real distillation of this administration: take public property and use it for private benefit." The White House claims the government "is not making any money on this event." The president is.
Only 16% of Americans Think a UFC Fight at the White House Is Appropriate — It's Costing $60 Million, Trump Bought the Stock, and They're Selling $12,000 Coins with His Face
A Reuters/Ipsos poll finds only 16% of Americans think Trump's UFC cage match at the White House is appropriate — 46% say it's inappropriate, and only 31% of Republicans support it. The event costs $60 million, requires 494 port-a-potties, a 90-foot lighting rig called "The Claw," and 5,000 seats on the South Lawn. TKO expects to lose $30 million. Trump bought $15,000-$50,000 in TKO stock before promoting the event — the stock rose 8.86% after the announcement. The Trump Organization is selling commemorative coins with Trump's face for up to $11,999.99. A federal lawsuit alleges the event violates park regulations and is "deeply corrupt." The DOJ's response: "No one is holding Plaintiffs in a jiu jitsu lock." UFC — not the White House — controls press credentials. Dana White invited celebrities; most declined. Joe Rogan objected to the outdoor venue. The president turns 80 during a cage fight he's profiting from on the South Lawn of the people's house.
Trump Posts 60+ Times in 14 Hours After Kennedy Center Ruling — Attacks Judge's Wife, Shares AI Slop, Says Center Should "Never Open Again"
After a judge ordered Trump's name removed from the Kennedy Center, the president spent 14 hours posting 60+ times on Truth Social from his golf course. In a 700-word opening rant, he called the center "rusted, rotted, and rat and bug infested," attacked Judge Cooper's wife by name, accused the judge of a "total Conflict of Interest" that merits criminal charges, threatened the center would be "closed, probably never to open again," and declared the court system "RIGGED." He then spent the rest of the day sharing AI-generated images of himself on Mount Rushmore, commanding a space station, and walking with an alien. He also attacked the Pope, the judge blocking his White House ballroom, and Gavin Newsom — whom he depicted in a padded cell. His posting pace: 565 posts in April alone, a third of them at night.
Trump Made 3,700 Stock Trades Worth Up to $750 Million — Then His Government Handed Those Companies Contracts and Favors
Financial disclosures reveal Trump made over 3,700 stock trades in Q1 2026 totaling $220M-$750M. The pattern: buy stock, then promote the company or award it a government contract. He bought up to $5M in Dell, told Americans to "buy a Dell computer," then the Pentagon gave Dell a $9.7B contract. He bought TKO (UFC's parent) stock, then staged a UFC fight on the White House lawn. He bought AMD stock on January 6 — a week before Commerce authorized AMD to sell chips to China. He bought Oracle stock as his administration helped Oracle secure TikTok. Jim Cramer was speechless. His investments are not in a blind trust. JD Vance's defense: "The president doesn't sit at the Oval Office on his Robinhood account." The fine for missing his disclosure deadline: $200.
Trump's Former Defense Lawyer Signs Order Making Trump "FOREVER BARRED" From IRS Audits — Federal Law Says the President Can't Do That
Acting AG Todd Blanche — Trump's former personal defense attorney — signed a one-page addendum to the IRS settlement declaring the government is "FOREVER BARRED and PRECLUDED" from auditing Trump, his family, trusts, or businesses on any past tax returns. Federal law gives the IRS independent audit authority that the AG has no power to waive. A long-running audit could have cost Trump $100M+. His former lawyer just erased it. Public Citizen called it illegal. An NYU tax law expert called it "a breathtaking abuse of the tax and legal system."
3,700 Trades in 3 Months: Trump's Financial Disclosure Reveals Astonishing Trading Activity as He Props and Drops Companies
Trump's financial disclosure to the Office of Government Ethics revealed 3,642 securities transactions in Q1 2026 — roughly 60 trades per trading day, valued at $220M–$750M. He's buying and selling Nvidia, Microsoft, Amazon, Meta, Boeing, and dozens more — the same companies whose stock prices move when he announces tariffs, approves chip deals, or shifts policy. Wall Street insiders called the volume "astonishing."
Trump's Former Lawyer Interviewed Maxwell — She Exonerated Trump, Got Transferred to "Club Fed" Days Later
Deputy AG Todd Blanche — Trump's former personal defense attorney — personally interviewed convicted sex trafficker Ghislaine Maxwell for two days. She said Trump was "never inappropriate." Days later, she was moved to a minimum-security "Club Fed." Victims called it "a cover-up."