Ex-White House teleprompter operator to pay $172,000 to settle CFTC probe
Summary
Gabriel Perez, a former White House teleprompter operator, will pay $172,000 to settle charges for betting on President Donald Trump’s speeches using insider information. The Commodity Futures Trading Commission (CFTC) found that Perez made over $100,000 by trading on speech content he knew about before the public.Key Facts
- Gabriel Perez worked as a teleprompter operator at the White House since 2016.
- He placed bets on prediction markets about words President Trump would say in speeches.
- Perez had early access to Trump’s speech texts before they were delivered.
- He earned more than $107,500 in profits by betting on more than a dozen Trump speeches.
- The CFTC ordered Perez to return his winnings and pay a $65,000 penalty.
- Perez is banned from trading for three years as part of the settlement.
- The penalty was reduced because Perez cooperated well with the investigation.
- The White House has ethics rules forbidding staff from using insider information for betting.
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