Trump Cashed In BIG TIME One Day After Handing Tech Firm Major Deal [View all]

https://archive.ph/IGUEZ

Donald Trump made a flurry of trades on a tech company just as his administration announced a major agreement with the same firm, according to the president’s own financial declarations.

The president bought bonds in an AI company in the days before it was announced that the firm had been selected for a government program. He then sold bonds in the same company one day after the announcement, which boosted the company’s share price, an investigation by the Daily Beast and its sister Substack PunchUp has found.

The trade comes to light just days after it was reported that Trump was fined $200 for late filing of disclosures on tens of millions of dollars in stock market trading. Forbes estimates that Trump has personally made more than a billion dollars since he was re-elected president.

Trump’s accounts show he made two purchases of CoreWeave bonds worth between $250,001 and $500,000 each, for a max total of $1 million, in the week before the announcement, according to the president’s financial disclosures, compiled by ProPublica and reviewed by the Daily Beast and PunchUp.
The day after the news broke, he sold those bonds for a total of between $1 million and $5 million—a much higher bracket than he’d bought them in only days before.