More Trump Family Grifting

DarkerthanDarc · May 21, 2025

gwb-trading said:
The Wall Street Journal Nails Trump Over Crypto Scheme Designed to ‘Enrich’ His Family
https://www.mediaite.com/media/news...-crypto-scheme-designed-to-enrich-his-family/

The Wall Street Journal called out President Donald Trump over his opaque cryptocurrency business in a new editorial all but accusing him of using his office to enrich his family.

After observing that “Trump likes to blur lines between personal business and public office,” the Journal submitted that he would “help himself by calling off his Thursday gala with the top 220 holders of his meme-coin,” or at least by disclosing “his crypto contest’s winners so Americans know who may be trying to buy access to the President.”

Trump announced his intention to release a meme coin shortly before moving back into the White House this January. And in April, he announced that the top 220 holders of the coin would be invited to a private dinner with him, while the top 25 would also enjoy an “ultra-exclusive private VIP reception.”

As the influential Journal editorial board noted, the “real identities” of the meme coin holders are not public, though a majority of the top 220 and supermajority of the top 25 are believed to have bought their coins on foreign exchanges.

“This suggests most of the top buyers are foreigners. Might they be seeking a seat at the President’s table to influence U.S. policy, especially in foreign affairs? Mr. Trump claims he’s not doing anything wrong by holding the dinner. But even if he’s not violating any laws, the contest creates the risk of ethical conflicts,” argued the Journal before concluding:

If the contest is as above board as the President says, why not reveal the real names of the winners? Some of their identities are bound to come out anyway. The press, Democratic Attorneys General and Members of Congress are going to investigate. Mr. Trump lambasted President Biden over Hunter Biden’s artwork sales to secret buyers and pledged his Administration would be the “most transparent in history.” One way to fulfill that promise is to be transparent about his crypto investors.

One recent report suggested that Trump’s cryptocurrency holdings alone are worth $2.9 billion.
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Great Post GWB.

Keep up the great Work!

gwb-trading · May 23, 2025

Trump's in it only for the grift.

'Stupid': Trump says he regrets not cashing in more during his first term
https://www.rawstory.com/trump-cashes-in-regret/

Trump Openly Sells Access To Those Who Put The Most Cash In His Pocket
His Thursday night “gala” dinner is unprecedented in American history. Using public office for personal enrichment is the literal definition of corruption.
https://www.huffpost.com/entry/trump-coin-dinner-corruption_n_682e52bae4b09130a584ec82

gwb-trading · May 26, 2025

So how soon until he lists the White House on Airbnb?

NYT Details Trump’s ‘Breathtaking’ Scheme to Turn Presidency Into a Personal Cash Machine
https://dailyboulder.com/nyt-detail...turn-presidency-into-a-personal-cash-machine/

Spike Trader · May 26, 2025

Listen to Adam Schiff speak about Trump and his family's Bigly Grifts.

gwb-trading · May 30, 2025

No administration has ever been this corrupt – and you just can't look away anymore
https://www.alternet.org/alternet-exclusives/trump-corruption-2672234169/

gwb-trading · Jun 4, 2025

The Trump family grifters don't like people grifting off of them. They want a cut.

Trump's sons distance themselves from new Trump-branded crypto venture
Don Jr. and Eric Trump say they aren't involved in the "Official $TRUMP Wallet."
https://abcnews.go.com/US/trumps-sons-distance-new-trump-branded-crypto-venture/story?id=122470346

gwb-trading · Jun 15, 2025 at 10:08 PM

It's all just a grift.

Trump Says He’s Not Profiting from Being Elected President But Has Made More Than $57M Selling Bibles, Guitars, and Crypto? You Won’t Believe What’s In a New Report
https://finurah.com/2025/06/15/trum...rypto-you-wont-believe-whats-in-a-new-report/

ph1l · Jun 16, 2025 at 11:46 AM

https://www.theguardian.com/us-news/2025/jun/16/trump-organization-gold-phone

Trump Organization unveils $499 gold phone raising new concerns on conflicts of interest
President’s family business enters sector regulated by US agencies while Trump wields executive power over them
Joseph Gedeon in WashingtonMon 16 Jun 2025 10.52 EDT

Donald Trump has launched a mobile phone service and $499 gold smartphone, the latest monetization of his presidency by a family business empire now run by his sons.

The Trump Organization unveiled Trump Mobile on Monday with a $47.45 monthly plan – both the service name and price referencing Trump as the 47th president. The company will also sell a gold-cased “T1” smartphone in September etched with the American flag.

The venture will be headed by his sons Donald Jr and Eric Trump, who took over the company after Trump transitioned to his second presidency. The mobile service joins Trump-branded watches, sneakers and Bibles as products capitalizing on his political brand, with the Trump sons indicating that more is to come.

“We are going to be introducing an entire package of products where people can come and they can get telemedicine on their phones for one flat monthly fee, roadside assistance on their cars, unlimited texting to 100 countries around the world,” Donald Trump Jr said at the Monday morning announcement at Trump Tower in New York.

The news coincided with the 10th anniversary of Trump’s 2016 presidential campaign launch when he memorably came down the escalator, and as the family business expands from real estate into digital media and telecommunications. The venture will operate through licensing deals that generated over $8m for the president in 2024, according to financial disclosures from Friday.

The foray into phones raises new questions about conflicts of interest, with the president’s family business entering a sector heavily regulated by federal agencies while Trump wields executive power over them. It creates a particularly difficult situation for the Federal Communications Commission chairman, Brendan Carr, who must now oversee regulatory matters affecting a network bearing his boss’s name.

The T1 smartphone runs Android 15 with mid-range specifications including a 6.8in display, 50MP camera and 5000mAh battery. At $499 it costs a third of the price of flagship iPhones, but appears to be marketed as a luxury device because of its gold casing. Notably, the T1 brings back the headphone jack, a feature largely abandoned by smartphone manufacturers over the years.

On its website, Trump Mobile claims coverage matching major carriers Verizon, AT&T and T-Mobile, which collectively hold control of nearly the entire wireless market in the US. The smartphone market represents a challenging sector for new entrants, as Apple and Samsung – which are manufactured overseas primarily in China, Vietnam and India – dominate sales in the US, according to research by Counterpoint from May.
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Yeah that will be a Yuge seller -- a phone with no flash!