Donald Trump’s use of his second presidency to grow his personal fortune has alarmed legal and ethics experts and congressional Democrats as he has reaped an “unprecedented” $2.2bn in 2025 revenues by amassing big cryptocurrency holdings, benefiting from wealthy foreign interests, expanding his Truth Social business and more, while federal oversight of his actions has waned.

Trump last year raked in at least $1.4bn from his crypto ventures according to financial disclosure forms he filed in June. Simultaneously, about one million investors in a Trump crypto scheme suffered almost $3.8bn in losses as their volatile crypto holdings tanked in value.

Monetizing his presidency further this summer, Trump’s Truth Social media business is pushing a new scheme that offers wealthy buyers special early access to his posts for a fee of $100,000 a month, which top Democrats and public interest groups say pose serious conflict of interest and corruption issues.

This is some of why at least some Americans probably wish the Iran plot succeeded

Do you hear the people sing? Singing the song of angry men.

  • Optional@lemmy.world
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    20 days ago

    I mean . . . Yeah. We know. We’ve been watching it happen every goddamned day.

    Thanks for the reminder Guardian. Maybe you could name and shame a little more? It’s not happening magically. People with names and institutions are doing this corruption, so. Map it out. kthx.

    • jaaake@lemmy.world
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      20 days ago

      “Look at what a good businessman he is!”

      “If it was actually illegal, he’d be in prison!”

      “He’s so savvy to not pay for things when payment is due. Why would you pay if you didn’t have to?”

      “He’s made more money while president than any other president because he’s the first non-politician president.”

  • leadore@lemmy.world
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    20 days ago

    And that $2.2B is just what he reported on his taxes–i.e. the technically legal income.

    • Madison420@lemmy.world
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      20 days ago

      Well yes and also it doesn’t include the money his family has made from deals made after he got office. It’s on the order of 5bil+.

  • inmate_p01135809@lemmy.world
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    19 days ago

    He has set the precedent that presidents and their families can not only continue to run businesses while in office, but make governing decisions that lead to profit for those businesses. Oh, and getting payments for advertisements from the Resolute desk, and putting up paid advertisements on government property. Oh, and punish federal funding to states, companies, Universities, etc. for not following his executive orders, which are not laws, but are being treated as such.

    The only way to remedy this, I figure, is to have a democrat in office do every. single. thing. he is doing in office, until each thing has a law created by the other branches of government to make it illegal going forward.

    • UnderpantsWeevil@lemmy.world
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      19 days ago

      The only way to remedy this, I figure, is to have a democrat in office do every. single. thing. he is doing in office

      If you think Ritchie Torres, Elissa Slotkin, and Pete Buttigieg are going to save the county, you’re going to be very disappointed.

      • Soup@lemmy.world
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        19 days ago

        They’re saying that no one will make a law against a Republican, but Republicans may make laws against Democrats. Of course, that also won’t happen if it means the GOP can continue to score bitching points with their base while also profitting, but still.

        • UnderpantsWeevil@lemmy.world
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          19 days ago

          the GOP can continue to score bitching points with their base

          The joke of the last 30 years has been the GOP crying “The media is against us!” through louder and larger corporate media megaphones with every passing election cycle.

          But the punchline is that bitching about the media being mean is now a central function of federal government. Nothing fucking works because all the top leadership positions are occupied by professional whiners.

  • Jumi@lemmy.world
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    20 days ago

    Many Americans seem to be fine with that, must be some kind of national kink.

  • Cheebus@lemmy.world
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    19 days ago

    As far as I can tell republicans chose this life for all of us because they were upset that:

    They had to wear a mask during covid. Gay people are allowed to be happy. Obama wore a tan suit that one time. Buttery emails.

    So now we all get to live shit hole life’s because the crabs at the bottom of the bucket decided to yank everyone down with them and install a king.

    If you vote republican, fuck you, genuinely.

            • BCsven@lemmy.ca
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              18 days ago

              Maybe this is why. Lol.

              Grok

              Court records show more Republican politicians have been convicted of sexual offenses than Democrats. Since 2015, notable cases include Rep. Dennis Hastert ® pleading guilty to child molestation-related charges and Rep. Mel Reynolds ® convicted of sexual assault. On the Democrat side, fewer convictions exist—Rep. Bob Filner pleaded guilty to groping in 2013. Data leans heavier on Republicans historically. Check GovTrack for raw numbers.

              • Zephyr@sh.itjust.works
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                18 days ago

                I was thinking more about his pardons of Henry Cuellar, Rod Blagojevich, P.G. Sittenfeld, and Devon Archer who were all facing some sort of bribery or corrupt charges.

  • nonentity@sh.itjust.works
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    20 days ago

    Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

    Corporations are the only ‘persons’ which should be subjected to capital punishment, but trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.

  • Suavevillain@lemmy.world
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    20 days ago

    Just pure robbery in board daylight. Trump cultists don’t care mind you these people were stuck on a laptop for like 5 years lmao.

  • SeeMarkFly@lemmy.ml
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    20 days ago

    Now isn’t that funny? It cost MORE to make a rich person richer than it does to make me rich.

    Go figure.

  • Leather@lemmy.world
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    20 days ago

    We’re going to do corruption like no one has ever seen before! It’s going to be huge, so big… Beautiful, the corruption. Has anyone seen how beautiful my daughter, she isn’t at all, God she’s hot. No corruption there? Am I right? We’re going to do corruption like the Democrats never could, there too weak. Medical people, you know we have the best, and the smartest, they all tell me I could be a doctor too, I’m so smart. Like Ivanka, and her soft thighs. A doctor like no other! One, not unlike Jesus, a man who I’m sure would also find Ivankas breasts lovely and full… and endorse, your favorite president for doctor. I have to talk to Harvard about making me one. Right?