Trump Family & Admin Corruption & Conflicts

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nycfan said:
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www.propublica.org

Documents Reveal a Web of Financial Ties Between Trump Officials and the Industries They Help Regulate

ProPublica is releasing a trove of disclosure records that detail the finances of more than 1,500 Trump appointees, including former lobbyists, industry executives and at least a dozen officials who declined to identify former clients.
www.propublica.org www.propublica.org
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Conflicts of interest have long plagued both Democratic and Republican administrations. But ethics experts say Trump’s second term marks a sharp break from modern norms.

Trump has openly defended his family’s financial enrichment while he is in office, including through cryptocurrency deals that critics say allow investors, including foreign entities, to curry favor by boosting the president’s personal wealth.

“I found out nobody cared, and I’m allowed to,” Trump told The New York Times, referring to his family’s business dealings….”
 


“Aureus Greenway (AGH.O), opens new tab, a golf club company backed by the sons of U.S. President Donald Trump, said on Monday it would merge with Powerus in a deal ‌designed to take the drone technology company public.

The transaction is the latest in Eric and Donald Trump Jr.'s growing investments in the drone sector, following last month's $1.5 billion tie-up between Israeli drone maker XTEND and Florida-based JFB Construction…”
 
nycfan said:
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“…The efforts show the blurring of the lines between public service and private profit-seeking during Mr. Trump’s second term. Only a few weeks ago, in his role as Mr. Trump’s “peace envoy,” Mr. Kushner met in Geneva with Iran’s foreign minister. The U.S. and Israeli bombing campaign in Iran began shortly after those meetings concluded without a deal on Iran’s nuclear program.

… As recently as December 2024, Mr. Kushner suggested that he would not seek more money for Affinity during Mr. Trump’s second term. That month, he told the podcaster Patrick O’Shaughnessy that he would “pre-emptively try to avoid any conflicts.”

“We don’t have to raise capital for the next four years,” Mr. Kushner added.

That appears to have changed. In materials provided to potential investors this year and reviewed by The New York Times, Affinity indicated that more than three-quarters of the roughly $5 billion it had raised since its founding had already been spent on investments in companies such as Phoenix Financial, an Israeli insurer, and Revolut, a financial technology start-up.

Affinity’s preliminary internal projections suggest that it has earned an estimated 25 percent rate of return since its 2021 founding, the documents show.…”
 
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