The first year of Donald Trump’s second term as U.S. president has been a most profitable one for the Trump family and its inner circle. By now, much has been reported about the web of conflicts — the unapologetic ethical morass — that defines the second Trump administration and the Trump family’s cryptocurrency ventures, foreign business deals, military contracts, and more.
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Ventures launched by the Trump family since Donald Trump’s reelection have generated at least $4 billion in proceeds and paper wealth for the Trump family. With investments across sectors like real estate, hospitality, media, cryptocurrency and more, the Trumps are “increasingly integrating their business empire” into the wider U.S. economy, says David Uberti, who has been reporting on the family’…
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For more than a decade, Silicon Valley venture capitalists have poured enormous sums of money into newfangled technology companies seeking to disrupt, and even supplant, the traditional financial system and sidestep its burdensome regulations. At the same time, the Consumer Financial Protection Bureau has policed that effort, going after such businesses for deceiving…
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Money has always distorted U.S. politics, but the current Trump regime has entered new territory with an unabashed pay-to-play setup that’s stuffing the president’s political coffers while enriching him and his family. Donald Trump’s coldly transactional dealings have been on full display as he’s tapped billionaire allies and major corporations to shower his administration with donations to…
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