#self-dealing
11 entries with this tag
Trump's WLFI Team Borrows $150M USDC Against Its Own Token — 97.8% of Dolomite's Cap
Per Arkham research, Trump's World Liberty Financial team is lending $406.23M of its own WLFI tokens across 2 wallets — 4.99% of total supply and 97.8% of Dolomite's entire WLFI cap — and using that position to borrow $150M USDC against $400M of their own token. Real dollars out, self-issued token in.
Vought Diverted $15M in Humanitarian Aid for Personal Security Detail
OMB Director Russ Vought — who architected the gutting of USAID — was found using $15 million in USAID humanitarian aid funds to pay for his personal security detail of 12+ U.S. Marshals.
Pardoned Binance Founder After $2B Crypto Deal
Trump pardoned Binance founder CZ who had pleaded guilty to money laundering as part of a $4.3B settlement. The pardon came after a $2B deal linked Binance to Trump's own crypto company. Trump then claimed "I don't know who he is."
Accepted $400M Luxury Jet from Qatar
Trump accepted a $400 million Boeing 747 luxury jet from Qatar to be used as Air Force One — though CNN revealed his administration had actually approached Qatar first. The upgrade will cost taxpayers up to $1 billion.
$220 Million No-Bid DHS Ad Campaign Starring Kristi Noem
$220M in no-bid taxpayer-funded "self-deportation" ads featured Noem on horseback at Mount Rushmore. One contractor was created 11 days before receiving $143M. The key subcontractor's CEO was married to the DHS official who funded the contracts.
Musk's $15.4 Billion Conflict of Interest Running DOGE
Elon Musk's companies hold $15.4 billion in government contracts while he runs DOGE, targeting 70%+ of agencies where he has contracts. He filed no ethics forms. Trump said Musk would identify his own conflicts — the fox guarding the henhouse.
$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.
3,700+ Conflicts of Interest
Trump never divested from his businesses, accumulating over 3,700 documented conflicts of interest during his first term. Foreign governments, lobbyists, and GOP groups spent money at Trump properties to curry favor.
Trump Foundation Dissolved for Illegal Self-Dealing
The Trump charity was dissolved by court order after a "shocking pattern of illegality." Trump used foundation money to buy a portrait of himself, settle business debts, and make an illegal political donation to the AG investigating Trump University.
Tried to Host G7 at His Own Struggling Resort
Trump announced the 2020 G7 summit would be held at his own Trump Doral resort — whose income had dropped 69%. Even Republicans couldn't defend it. He reversed course within 48 hours.
Kushner-Ivanka Nepotism and Security Clearance Override
Trump installed his daughter and son-in-law in senior White House roles despite anti-nepotism laws, then overrode intelligence officials to grant them top-secret clearances. Kushner later received a $2 billion Saudi investment.