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Trump Family Money Trail Under Scrutiny: Don Jr.'s Wedding and Kushner's Gulf Ties
politics22 days ago

Trump Family Money Trail Under Scrutiny: Don Jr.'s Wedding and Kushner's Gulf Ties

Two major investigations in ProPublica and The New Yorker tie the Trump family to foreign influence and private enrichment: Jared Kushner’s fundraising from Gulf governments for his Affinity Partners while he serves as Middle East envoy, and Donald Trump Jr.’s Bahamas wedding reportedly financed by Umar Kremlev, a Russian-linked oligarch connected to Putin. The pieces argue this signals a pattern of public office enabling private gain, prompting congressional scrutiny and fueling debates about media bias in coverage of the Trump era.

via Salon.com|
#corruption#don-jr-wedding#kushner
UAE Spy Sheikh Stakes 49% in Trump Family’s Crypto Bank Venture
business1 month ago

UAE Spy Sheikh Stakes 49% in Trump Family’s Crypto Bank Venture

The UAE’s national security adviser Sheikh Tahnoon bin Zayed al Nahyan and co‑investors hold a 49% stake in the Trump family’s World Liberty Financial bankholding entity WLTC Holdings, with Trump affiliates owning about 38%. World Liberty previously invested $500 million in January 2025, directing $263 million to Trump family entities. The Office of the Comptroller of the Currency granted preliminary conditional approval for a federally chartered national bank linked to a USD-denominated stablecoin, but the deal faces scrutiny due to Tahnoon’s status as a foreign official and ongoing U.S.–UAE policy talks on advanced AI chips. The White House has not commented on the arrangement.

via CNBC|
#business#stringz-holding-rsc#tahnoon-bin-zayed-al-nahyan
Trump-Family Tied Crypto Bank Faces Scrutiny Over Influence and Regulation
business1 month ago

Trump-Family Tied Crypto Bank Faces Scrutiny Over Influence and Regulation

World Liberty Trust Company won a conditional OCC charter to operate a crypto bank that will issue the USD1 stablecoin; under the 2025 Genius Act, USD1 deposits cannot earn interest and must be invested in high-quality securities like US Treasuries, with critics arguing its main appeal is to curry favor with the Trump administration while regulators say career staff oversaw the approval.

via The Guardian|
#business#occ-charter#stablecoins
Trump Family Profits Billions From Crypto While Retail Investors Lose Billions, Reuters Says
cryptocurrencies4 months ago

Trump Family Profits Billions From Crypto While Retail Investors Lose Billions, Reuters Says

Reuters’s analysis, cited by Gizmodo/io9, finds the Trump family generated at least $2.3 billion in profit from Trump‑linked crypto since the presidency, while investors lost about $2.3 billion; most profits reportedly came from WLFI, World Liberty Financial’s governance token, with the Trumps taking a 75% cut and holding about 60% of the company, though WLFI says it is not an investment product. The token has fallen from roughly $0.31 to $0.05, and other Trump‑linked assets like the $Trump memecoin are noted. The piece also touches on investor types, legal disputes, and backing from entities such as AI Financial. Overall, it presents a symmetrical but troubling portrait of meme‑crypto where a political family profits while ordinary investors incur losses.

via Gizmodo|
#cryptocurrencies#trump-family#trump-memecoin
Trump-linked Alt5 Sigma crumbles as AI Financial faces Nasdaq delisting
business4 months ago

Trump-linked Alt5 Sigma crumbles as AI Financial faces Nasdaq delisting

Trump family–linked Alt5 Sigma, now AI Financial Corp, touted a World Liberty Financial crypto deal that could yield about $500 million to the family, but the stock has fallen about 93% and faces Nasdaq delisting as WLFI tokens drop in value; the company has cycled through CEOs and auditors amid going-concern concerns and regulatory scrutiny, leaving many investors with steep losses.

via CNBC|
#ai-financial-corp#alt5-sigma#business
Bride’s White House dream gives way to intimate Bahamas island nuptials
politics4 months ago

Bride’s White House dream gives way to intimate Bahamas island nuptials

Bettina Anderson and Donald Trump Jr. celebrated their marriage on a private Bahamas island after Anderson had hoped for a White House wedding, which sources say the Trump camp deemed inappropriate amid tensions with Iran; the couple had a small island ceremony with fewer than 50 guests, and their Florida marriage was legally registered earlier in the week, with a possible White House celebration to come.

via CNN|
#bahamas#bettina-anderson#donald-trump-jr
Investor accuses Trump family’s crypto company of centralized control over accounts
business5 months ago

Investor accuses Trump family’s crypto company of centralized control over accounts

Justin Sun, a top investor in the Trump family’s crypto firm World Liberty Financial, accuses WLFI of centralized governance that allows unilateral account freezes, saying his holdings have been frozen since September. WLFI’s native token has slumped about 74% since August to around 8 cents, while its USD1 stablecoin remains widely traded. The dispute adds to ongoing scrutiny of the Trump-associated crypto ventures and follows prior SEC action against Sun.

via NBC News|
#business#cryptocurrency#justin-sun
Trump-Sons’ Golf Brand Merges With Drone Maker to Go Public
business7 months ago

Trump-Sons’ Golf Brand Merges With Drone Maker to Go Public

A golf-club company backed by Donald Trump’s sons is merging with drone maker Powerus to form a company that will go public via Aureus Greenway Holdings. Andrew Fox of Powerus would lead as CEO/chairman, and Dominari Securities will raise about $9m, with the Trump brothers each holding roughly 6% in Dominari. The deal could close by end-2026, but either side can terminate if not completed. The move underscores the Trump family’s expanding investments in drone and defense tech amid broader scrutiny of their business interests.

via The Guardian|
#business#defense-tech#drones
business7 months ago

Trump Family Unveils USD1: A Private Stablecoin Aiming to Modernize the Dollar

The Trump family, through World Liberty Financial, launched USD1—a stablecoin pegged to the dollar and pitched as an upgrade to U.S. currency. They argue private-sector innovation can modernize finance and preserve dollar dominance, detailing plans at a Mar-a-Lago event and suggesting the private project could spur structural demand for U.S. debt. The venture frames itself as complementary to the dollar, not a threat, though questions remain about private control of a national monetary instrument.

via CNBC|
#business#cryptocurrency#stablecoin
UAE-Backed Investor Takes Major Stake in Trump Family Crypto Firm
world8 months ago

UAE-Backed Investor Takes Major Stake in Trump Family Crypto Firm

A UAE-linked investment firm purchased nearly half of the Trump family’s cryptocurrency company, World Liberty Financial, for about $500 million, with Eric Trump signing the deal days before his father’s inauguration. The arrangement ties the Trump business to UAE interests while the president pursues foreign policy with the Middle East, raising concerns about conflicts of interest and propriety.

via The New York Times|
#cryptocurrency#foreign-policy#trump-family
Melania Trump's 'not-documentary' premiere leans into glamour
entertainment8 months ago

Melania Trump's 'not-documentary' premiere leans into glamour

First lady Melania Trump introduces a film she calls a “creative experience” rather than a documentary, following a reported $40 million deal with Amazon MGM Studios and a $35 million marketing budget. The Kennedy Center premiere highlighted private access to her life around Trump’s White House return, with Trump retaining editorial control, as it heads toward a theatrical release that will test public curiosity about the project and its glamorous presentation.

via CNN|
#documentary-deal#entertainment#melania-trump