"I'm allowed to": Trump's presidential profit machine bursts into the open
Summary
President Donald Trump has set up a $1.8 billion fund to support his political allies who say they have been unfairly targeted. This fund is managed by people he appointed and may pay compensation without Congress's approval. Democrats say this setup shows serious conflict of interest and plan to investigate.Key Facts
- President Trump created a $1.8 billion "anti-weaponization" fund to help his supporters who claim political persecution.
- The fund is managed by a five-member group appointed by the acting Attorney General Todd Blanche, formerly Trump's lawyer.
- This fund can provide payments to January 6 defendants, conservative activists, and former Trump aides without needing Congress's approval.
- Democrats claim this arrangement is a major corruption risk and may lead to Trump's impeachment if they win the House in November.
- Trump recently reported over 3,700 individual stock trades in one quarter, a large increase from the previous quarter's 380 trades.
- Trump publicly praised some companies like Apple and Dell around the same time he bought their stocks.
- The Trump Organization says outside advisers handle the president’s investments and that Trump and his family do not control investment decisions.
- Trump-linked crypto ventures, including World Liberty Financial, are becoming profitable but face legal disputes involving allegations of illegal activities.
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