More Trump Family Grifting

Discussion in 'Politics' started by gwb-trading, Mar 14, 2021.

  1. gwb-trading

    gwb-trading

    #211     Apr 7, 2025
  2. gwb-trading

    gwb-trading

    #212     Apr 23, 2025
  3. gwb-trading

    gwb-trading

    Trump’s Shady Crypto Business Partner Exposed in Shocking New Report
    Donald Trump has turned the White House into his personal crypto firm.
    https://newrepublic.com/post/194552/donald-trump-shady-crypto-partners-damning-report

    Donald Trump’s shady crypto business has a surprising partner: Zachary Witkoff, the son of the president’s special envoy to the Middle East, Steve Witkoff. But don’t worry, his dad is getting in on the action too.

    A sweeping investigation published Tuesday by The New York Times found that the young Witkoff had found his way to becoming one of the top three managers of World Liberty Financial, or WLFI, the decentralized finance platform that is majority owned by a Trump business entity.

    DT Marks DEFI LCC, which is affiliated with Trump and his family members, owns 60 percent of World Liberty and is entitled to 75 percent of $WFLI token sales after deduction of agreed reserves, according to the website.

    Trump serves as the company’s “Chief Crypto Advocate.” It’s a sort of ironic title because, while Trump can promote the brand itself, he can also shape policy to the benefit of cryptocurrencies and influence the very markets to which crypto value is tied. The president’s sons, Eric and Don Jr., are both Web 3 ambassadors, while Barron, a freshman at New York University, is a “DeFi Visionary.”

    A Securities and Exchange Commission filing lists Witkoff and his son as “promoters.” Witkoff, whose background is in New York real estate, has become a central figure in the floundering U.S.-brokered peace negotiations between Ukraine and Russia.

    The Times reported that Zachary Witkoff was one of three managers who oversee daily operations at World Liberty, alongside Chase Herro and Zak Folkman of Dough Finance, a lending app that was hacked in July, losing its customers more than $2 million. Coindesk previously reported that some of WLFI’s code was lifted directly from the defunct Dough Finance.

    The young Witkoff recently traveled with Folkman and Herro to Pakistan to meet with Prime Minister Muhammad Shehbaz Sharif and other government officials to discuss World Liberty.

    “The trip, complete with limousines, a dance performance and police escorts, seamlessly blended the president’s business interests with the trappings of a state visit,” the Times reported.

    The trio also met this week with Changpeng Zhao, the founder and former chief executive of Binance, in Abu Dhabi to discuss USD1, WLFI’s stable coin, which is a cryptocurrency that maintains a value of $1. Zhao has been seeking a pardon from the Trump administration after he pleaded guilty to violating U.S. anti–money laundering laws, according to The Wall Street Journal.

    World Liberty presents a golden opportunity for investors to curry favor with the Trump administration by allowing them to invest in a coin that directly benefits the president and his family.

    World Liberty sent multiple firms a pitch saying that they could essentially pay somewhere between $10 million and $30 million for World Liberty’s endorsement, according to three firms that spoke with the Times. In return for tens of millions of dollars, World Liberty would buy a small amount of the firm’s cryptocurrency, signaling to the market that the firm’s coin was worthy of investment, while pocketing the rest of the cash.

    Some firms turned them down. “It’s a very dishonest approach,” Dominik Schiener, founder of the IOTA Foundation, told the Times. His Berlin-based group “immediately” rejected the pitch, he said.

    Crucially, World Liberty allows foreign investors to financially back Trump. Many of World Liberty’s early investors were from South Korea, Hong Kong, Singapore, and the United Arab Emirates. Early investors also included some foreign crypto entrepreneurs who had to make payments to the Securities and Exchange Commission over their misdeeds.

    Crypto executives have used their purchases of $WLFI to raise their profile in the U.S. and globally, in addition to granting them leverage with the White House. Justin Sun, a Chinese billionaire who founded the crypto platform Tron and was sued by the SEC during the Biden administration, bought a whopping $75 million of $WFLI, late last year. A few months later, the SEC asked a federal judge to halt Sun’s case.

    In March, Trump announced plans for a U.S. “crypto strategic reserve,” which presents as a blatant insider trading scam to make his billionaire crypto czar richer—funded by taxpayer money. It directly increased the value of World Liberty’s stash of ether, which was one of the coins included in Trump’s reserve.
     
    #213     Apr 29, 2025
  4. Now they're using air force one and tax payers money for major grifts.
    Make Qatar great....he has a 'lot of friends' there and Muslim money is just fine.
    Not interested in Brown Shirts 5 and 10 dollars no more.:D


    Trump Org to build golf course in Qatar as White House announces official visit to region

    Qatari developers Qatari Diar and Dar Global are expected to announce the building of a Trump International Golf Course and Trump Villas in the country, according to a Reuters report.

    The move comes as the White House announced President Donald Trump will make an official visit to Saudi Arabia, Qatar, and the United Arab Emirates in May.

    The golf course and villa are set to be a part of the Simaisma beachside development north of the Qatari capital Doha, a source told the outlet.

    The Trump Organization has previously launched real estate developments with Dar Global in Oman, United Arab Emirates, and Saudi Arabia, but not in Qatar.

    Representatives for Qatari Diar, Dar Global, and the Trump Organization did not respond to Reuters' requests for comment.

    Eric Trump, Trump's son and an executive of the president's family business, was recently in the Gulf region and spoke with Reuters on Tuesday.

    "Dubai like the entire world thrives on a healthy, safe world, and that's what President Trump wants," he said.

    When asked if he would be traveling with the president in May, his son said a business delegation will travel with Trump during the Gulf visit — but he will not be part of it.

    "I won't be part of it, no ... I keep total separation. I want nothing to do with politics or policy," he said, adding that his father "loves the region" and that "he's got a lot of friends over here."
     
    #214     Apr 29, 2025
    gwb-trading likes this.
  5. gwb-trading

    gwb-trading

    #215     May 5, 2025
  6. Buy1Sell2

    Buy1Sell2

    #216     May 5, 2025
  7. gwb-trading

    gwb-trading

    'Sleazy': Columnist slams Trump family for 'no holds barred' grift over new presidency
    https://www.rawstory.com/trump-family-grift/

    President Donald Trump and his family have long been dogged by allegations they are abusing the presidency for personal enrichment — and this time around, their schemes are bigger and more brazen than ever, Heather Digby Parton wrote in a scathing analysis for Salon published on Friday.

    None of this is anything new, she noted — a series of legal cases under Trump's first term challenged him with violating the Emoluments Clause of the Constitution, as a lot of foreign government activity around Trump properties appeared to be naked schemes to enrich him and his family for favor.

    For instance, she noted, the federal government "spent massive amounts of taxpayer money ferrying Trump around to his commercial resorts, where he essentially sold access to members and promoted his own properties while in the world spotlight." Then there was his hotel in Washington, D.C. where foreign dignitaries spent obscene amounts of money for his personal benefit, and cases in which "foreign governments rented out entire floors in Trump office buildings and left them empty."

    These sorts of schemes are abounding under Trump's second term, Parton warned, and other members of his family are cashing in on the action as well.

    Now, she wrote, "it's no holds barred, straight-up grift and corruption in the billions, featuring foreign governments, sleazy scam artists and a big play in the arcane world of cryptocurrency." For example, Eric Trump is "putting together real estate deals with the United Arab Emirates, Qatar and Saudi Arabia, countries whose relationships with each other may be fractious but are all crucial to U.S. foreign policy," while Donald Trump Jr. "is running around Eastern Europe dining with prime ministers and striking deals for new Trump hotels within government properties."

    But perhaps the biggest grift, she said, is all the Trumpworld action around cryptocurrency — and not just Trump's own memecoin that he is using as an access lottery to dine with him.

    Trump's children, along with Trump's diplomatic envoy Steve Witkoff, founded World Liberty Financial, which is seeking to get government support for their "stablecoins" as a financial instrument, just as Trump pushed a pro-crypto bill in Congress, the GENIUS Act, to benefit that company. Congress looked set to pass the bill, wrote Parton, but after The New York Times reported the Trump family's personal stake, "Democrats who'd previously backed it balked (along with a couple of Republicans) and this week the bill failed in the Senate. Apparently the stench of Trump at both ends of this deal — as the regulator in chief and the financier being regulated — was just too pungent."

    The bottom line, Parton concluded, is that these days if you're doing business with America, "you'd better be prepared to pay the Trump family and their associates for the privilege. Bring your checkbook — or, better yet, your crypto wallet. That's how business is done these days in the shining city on a hill."