Sen. Elizabeth Warren (D-Massachusetts) caught Secretary of Defense Pete Hegseth contradicting his own statement on Wednesday, over reports that his stockbroker tried to make an investment in a defense company weeks before the U.S. and Israel launched a war on Iran. During a line of questioning on insider trading related to the Department of Defense, Warren brought up a report by the…
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The US Justice Department announced Thursday that an American special forces soldier has been arrested and charged for pocketing over $400,000 by betting, on the basis of classified information, on the timing of the Trump administration’s illegal abduction of Nicolás Maduro earlier this year. Gannon Ken Van Dyke, an active-duty soldier in the US Army who was involved in planning and executing…
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An analysis of a stock trading ban supported by President Donald Trump demonstrates that the bill would do very little to curtail insider trading, essentially rendering the proposal meaningless. Trump told Congress at his annual State of the Union address that he wanted a bill passed that would ban lawmakers from taking advantage of loopholes that allow for insider trading.
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The betting website Polymarket saw $529 million traded on bets predicting when the United States and Israel would conduct their first bombing campaign against Iran last week. Six newly-created accounts on the site made a profit of over $1 million on their own, correctly predicting the first strike in the war would happen on February 28. The unusual activity on the site has prompted several…
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Ninety former members of Congress today urged U.S. House leaders to quickly pass legislation that would “eliminate the persistent appearance of insider trading among members of Congress,” according to a letter obtained by OpenSecrets. In the letter, the former federal lawmakers — Democrats, Republicans and independents alike — tell Speaker Mike Johnson (R-La.) and Minority Leader Hakeem…
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