Activity tagged "corruption"

Read:

"DOGE Aide Dismantling CFPB Owns Stock in Companies That Could Benefit From Cuts".

Jake Pearson in ProPublica. Published April 30, 2025.

Gavin Kliger helped oversee mass firings at the Consumer Financial Protection Bureau while holding stock in companies that experts say likely stand to benefit from dismantling that agency — a potential violation of federal ethics laws.

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"Secret Deals, Foreign Investments, Presidential Policy Changes: The Rise of Trump's Crypto Firm".

Eric Lipton, David Yaffe-Bellany, and Ben Protess in The New York Times. Published April 29, 2025.

World Liberty Financial has eviscerated the boundary between private enterprise and government policy in ways without precedent in modern American history.

Published an issue of Citation Needed:

Issue 82 – E-moluments

A banner reading “Have Dinner with President Trump”, featuring an uncanny AI illustration of a much younger-looking Trump pointing at the viewer

As Celsius victims detail their devastation even under the weak crypto regulations of the past, the Trump administration continues to dismantle those same rules while he pumps his personal memecoin with promises of private access

Posted:

Someone just spent $8 million on $TRUMP memecoins after the president announced that the top holders would be invited to join him at a private dinner at his DC golf club.

Solscan screenshot showing four purchases of a total of 655K TRUMP tokens for approximately $8 million

The purchases were funded by a Binance account, suggesting the wallet owner is not based in the US.

Read:

"Donald Trump's Crypto Presidency".

John Reed Stark and Lee Reiners in The New York Times. Published April 19, 2025.

Donald Trump's self-serving crypto push worsens criminal activity and heightens risks for financial markets.

Published an issue of Citation Needed:

Trump’s newest grift: Building a cryptocurrency empire while destroying its regulators

Trump sitting in a chair atop a large pile of coins

Inside the Trump family’s sprawling crypto empire — from memecoins to mining — and how Trump is using presidential power to dismantle the regulators who could stop it

Posted:

Trump’s Trump Media & Technology Group has just asked the US Securities and Exchange Commission to investigate and potentially pursue civil and criminal action against a short seller

To: Mark Uyeda, Acting Chairman, U.S. Securities and Exchange Commission
From: Trump Media & Technology Group

Date: April 17, 2025
Subject: Potential Illegal Naked Short Selling and Market Manipulation of DJT Stock

CC: Financial Industry Regulatory Authority (FINRA); Nasdaq; New York Stock Exchange

This letter serves to inform you of suspicious activity related to a disclosure filed in Germany by the U.K.-based hedge fund Qube Research & Technologies ("Qube"). The following data points raise critical questions about the timing and methods used in Qube's trading activities:

On April 10, 2025, Qube disclosed a nearly six-million share short position in Trump Media & Technology Group Corp ("TMTG") (NASDAQ, NYSE Texas: DJT). Thus, a U.K.-based entity, with a data center in Iceland, only disclosed these short sales in Germany.
According to Nasdaq, the total short interest in DJT as of March 31, 2025, was 10.7 million shares (see attached chart). Third party sources inform TMTG that the total short interest as of April 16, 2025, is virtually unchanged-approximately 11 million shares.
Neither Nasdaq, NYSE Texas, nor any other source has been able to confirm when the trades disclosed by Qube were conducted or if they were conducted at all.
The above factors, especially when combined with the history of suspicious trading surrounding DJT stock-including DJT appearing on Nasdaq's Regulation SHO Threshold Security List continuously for more than two months in 2024-could be indications of the illegal naked short selling of DJT shares.

We urge you to immediately investigate this suspicious trading and report your findings back to TMTG and any relevant civil and criminal authorities. American equities exchanges should be operated with full transparency and maximum efficiency, not as an opaque free-for-all reminiscent of a third-world casino.

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