- United States
- Fla.
- Letter
The Lutnick and Trump companies are creating companies that are being paid for by tax dollars where they profit. Thus is abuse of power. Thus is wrong. This must be called out and stopped.
Reporters used the Kazakhstan deal to illustrate the self-dealing of the Trumps and Lutnicks, identifying at least fourteen companies with ties to the Trumps and Lutnicks that are working with the federal government on mining deals for materials on which the U.S. depends. The administration has either provided or is considering providing more than $8.9 billion in taxpayer money to those companies.
Yesterday a federal filing showed that Trump took in about $1.4 billion from cryptocurrency ventures last year. Bernard Condon of the Associated Press reports that Trump made more than $500 million from the World Liberty Financial venture with his sons and Zach Witkoff, who is the venture’s chief executive officer and the son of Trump’s special envoy to the Middle East, Steve Witkoff. Much of that money came when an investment fund associated with the leadership of the United Arab Emirates bought almost half of World Liberty Financial.
Trump also made more than $600 million from meme coins stamped with his face.
In office, Trump has pushed policies that help the cryptocurrency industry and avoid regulations.
Day trading in stocks he owns influenced by policy decisions. The very definition of CORRUPT.
This is a system. The pay-to-play schemes. The pardons for donors. The contracts for friends. The favors for Trump’s children. The use of inside information to make money. This is not a disconnected series of scandals. This is a system.