Trump Family Corruption & Conflicts of Interest

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I wrote a folksy rant.

I didn't read all that crap because I already knew that Donald Trump is...always has been ...always will be...an unabashed CROOK! If he were to sleepwalk and fall from the roof of the White House tonightšŸ¤ž, he has already proven himself to be the epitome of an evil person. And, folks, it is only going to get worse. We don't want to believe it, we don't even want to hear it; but, our collective apathy has allowed the GOP to lead us into "corporate fascism"... an autocracy. Our democracy may already be a bug in a flytrap. We'll see.

Then I let Ai rewrite it. Ai could go on forever.

Iā€™ve seen enough to know exactly who Donald Trump is: an unabashed career criminal. If he were to disappear tomorrow, he has already proven himself to be the personification of corruption. Itā€™s only getting worse from here. Whether we want to hear it or not, our collective apathy has allowed the GOP to steer us toward corporate fascism and autocracy. Our democracy is currently a bug in a flytrapā€”struggling, trapped, and waiting for the end. Weā€™ll see what happens next.

Update! ā€œTrumps calls to 'nationalize' electionsā€. That was quick.
 
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ā€œā€¦ The Trump family crypto firm, World Liberty Financial, filed an application January 9 with the Office of the Comptroller of the Currency, or OCC, to charter a ā€œtrust bankā€ that will be called World Liberty Trust Company. A trust bank is a bank that doesnā€™t accept deposits or issue loans.

The purpose of the bank would be to manage USD1, a stablecoin that World Liberty Financial created last March. USD1 is already the fifth-largest stablecoin in the world, with a market capitalization (Donald Trump Jr. announcedDecember 28) of $5 billion.

If you arenā€™t a cybercurrency person but nonetheless feel that ā€œUSD1ā€ rings a bell, thatā€™s probably because last May the United Arab Emirates purchased, from World Liberty Financial, $2 billion of USD1 to acquire a stake in Binance. Two weeks later, the UAE persuaded the Trump administration to remove a Biden-era national security restriction on the countryā€™s importation of advanced AI chips. The Trump administration agreed to this despite intelligence that the UAE had previously shared technology with China that extended the range of Chinese missiles.

So far as we know, the UAE never enunciated any quid pro quo (ā€œHere is the illegal bribe you asked for to send us some AI chipsā€). But members of the Witkoff family (Steve Witkoff is Trumpā€™s special envoy to the Middle East, and also to Ukraine) were involved in both transactions, and so was Sheikh Tahnoon bin Zayed Al Nahyan, who manages the UAEā€™s sovereign wealth fund.

Six months later, Trump gave Binance founder and convicted money launderer C.Z. Zhao a presidential pardon. When asked about this on 60 Minutes, Trump said, ā€œI donā€™t know who he isā€ and then contradicted himself by saying, ā€œHeā€™s highly respected. Heā€™s a very successful guy.ā€

Iā€™ve stated previously (here and here) that the UAEā€™s USD1-for-AI-chips swap constitutes the biggest political bribery scandal since Teapot Dome, with the caveat that the Supreme Court has so thoroughly decriminalized political bribery in recent years that even if the Justice Department still had a functional public integrity section (which it doesnā€™t), it isnā€™t obvious that a prosecutor would win a conviction.ā€¦ā€
 
nycfan said:


ā€œā€¦ The Trump family crypto firm, World Liberty Financial, filed an application January 9 with the Office of the Comptroller of the Currency, or OCC, to charter a ā€œtrust bankā€ that will be called World Liberty Trust Company. A trust bank is a bank that doesnā€™t accept deposits or issue loans.

The purpose of the bank would be to manage USD1, a stablecoin that World Liberty Financial created last March. USD1 is already the fifth-largest stablecoin in the world, with a market capitalization (Donald Trump Jr. announcedDecember 28) of $5 billion.

If you arenā€™t a cybercurrency person but nonetheless feel that ā€œUSD1ā€ rings a bell, thatā€™s probably because last May the United Arab Emirates purchased, from World Liberty Financial, $2 billion of USD1 to acquire a stake in Binance. Two weeks later, the UAE persuaded the Trump administration to remove a Biden-era national security restriction on the countryā€™s importation of advanced AI chips. The Trump administration agreed to this despite intelligence that the UAE had previously shared technology with China that extended the range of Chinese missiles.

So far as we know, the UAE never enunciated any quid pro quo (ā€œHere is the illegal bribe you asked for to send us some AI chipsā€). But members of the Witkoff family (Steve Witkoff is Trumpā€™s special envoy to the Middle East, and also to Ukraine) were involved in both transactions, and so was Sheikh Tahnoon bin Zayed Al Nahyan, who manages the UAEā€™s sovereign wealth fund.

Six months later, Trump gave Binance founder and convicted money launderer C.Z. Zhao a presidential pardon. When asked about this on 60 Minutes, Trump said, ā€œI donā€™t know who he isā€ and then contradicted himself by saying, ā€œHeā€™s highly respected. Heā€™s a very successful guy.ā€

Iā€™ve stated previously (here and here) that the UAEā€™s USD1-for-AI-chips swap constitutes the biggest political bribery scandal since Teapot Dome, with the caveat that the Supreme Court has so thoroughly decriminalized political bribery in recent years that even if the Justice Department still had a functional public integrity section (which it doesnā€™t), it isnā€™t obvious that a prosecutor would win a conviction.ā€¦ā€
Click to expand...

Corruptocurrency is more like it.
 


He makes breathtaking graft sound like tripping on the stairs of AF1 and falling into a sinkhole filled with $4 billion. But at least he is (gingerly) calling it out, I guess.
 
nycfan said:


He makes breathtaking graft sound like tripping on the stairs of AF1 and falling into a sinkhole filled with $4 billion. But at least he is (gingerly) calling it out, I guess.
Click to expand...

Missteps?

The one thing the Trump Regime hasnā€™t erred on is how to steal and grift and graft its way to huge wealth.
 


BESSENT: I'm unfamiliar with any of that. I wear many hats. The pardon hat is not one of them

KIM: But is it a conflict of interest?

BESSENT: Again, I'm not going to respond to that
 
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šŸŽ ā€”> https://www.wsj.com/politics/nation...4?st=m3Pmm8&reflink=desktopwebshare_permalink

ā€œā€¦ The presidentā€™s son is investing in Israeli drone maker Xtend as part of a $1.5 billion deal to take the company public through a merger with a small Florida construction company.

ā€¦Trump is a strategic investor in the deal, which included a private placement. So is Unusual Machines, a separate drone company in which Donald Trump Jr. is an investor and adviser.

The merger marks the latest expansion of the first familyā€™s business empire since President Trump was re-elected, including into many sectors the Trump administration regulates. New ventures stretching from cryptocurrency to nuclear fusion energy to manufacturing, which have generated billions of dollars in proceeds and paper wealth for the family, renewed conflict-of-interest claims that the White House and Trump Organization have denied.ā€¦ā€
 
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