Nonilex
#Trump Sons’ Deals on Three Continents Directly Benefit the President
Donald Trump Jr. & Eric Trump spent the past two weeks traveling the world & announcing new ventures involving billions of dollars.
#law #Constitution #EmolumentsClause #ImpeachTrump #SCOTUS #immunity #Republicans #accomplices
https://www.nytimes.com/2025/05/05/us/politics/eric-donald-jr-trump-family-deals.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=D133B4F8-D174-4E43-8382-B1751B1F6A04
Nonilex
The $Trump memecoin is controlled by a company *run by* the #Trump sons & their partners, but Trump has actively encouraged his supporters to buy it.
Javier Selgas, chief exec at #Fr8Tech, a shipping company, announced this past wk…that his Monterrey, Mexico-based co would spend $20M to buy $Trump memecoin tokens.
Buying the tokens—in essence, giving money to the #Trump family—is “an effective way to advocate for fair, balanced & free #trade between Mexico & the US,” Selgas said….
Nonilex
In some cases, the #Trump-family announcements over the past week have involved #ForeignGovernments, including those of #Qatar & the #UAE.
#EricTrump flew to #Doha, the capital of the tiny #MiddleEast nation of Qatar, on Wednesday as a govt official there signed a deal with a #Saudi-based #RealEstate company to build a new Trump golf course & luxury villa complex, a partnership & will bring millions of dollars in branding & mgmt fees to the Trump family.
Nonilex
#DavidSacks, who is a #crypto adviser to #Trump & another founding member, said the goal is *not* to create a venue for #access😉. Rather, he said in a recent podcast, “we want a place to hang out in DC” for the “younger, hipper, #Trump-aligned #Republican.”
Even as these real-life ventures were playing out, another push for #profit was underway in the virtual world. Investors in the $Trump #memecoin are bidding to become the top 220 owners of the collectible coin & win a dinner w/the president…
Nonilex
Other club owners, besides #DonaldTrumpJr, include Zach & Alex #Witkoff — the sons of #Trump’s #MiddleEast envoy #SteveWitkoff — & #OmeedMalik, who leads #1789Capital, a Florida-based #VC firm that recently *hired* Donald Trump Jr as a snr exec. The investments for 1789 Capital have included companies such as #Plaid, a #DigitalFinance firm that had lobbied the #CFPB related to a new set of banking rules—until Trump’s team effectively shut down the agency & stalled enforcement of the #regulation.
Nonilex
#JeffMiller, a lobbyist & top #Trump fundraiser, is another founding member. In the Q1 of this year, he has registered to represent 39 new corporate clients, including the #crypto firm #Tether, an overseas operation that was a longtime target of US regulators until recently….
#law #corruption #broligarchy #plutocracy #technocracy #Constitution #EmolumentsClause #ImpeachTrump
Nonilex
The club soon likely will be jammed w/ #Trump family friends, business execs & members of the admin, but will be off limits to members of the #public & most members of the #news #media.
[It will most likely function like Mar-a-Lago as a place for Trump to do business w/o the pesky record keepers at the WH].
A…party was held last month to celebrate the launch of “#ExecutiveBranch” …at a hotel a block from the WH. Attendees included #PamBondi, the AG, & #PaulAtkins, the new #SEC chair.
Nonilex
The founding members of the club, which has already sold many of its membership slots acc/to organizers, include Cameron & Tyler #Winklevoss, the #cryptocurrency execs whose company, #GeminiTrust, had been targeted by the #SEC until #Trump named new agency leaders, who in April put a hold on the federal lawsuit.
#law #corruption #broligarchy #plutocracy #technocracy #Constitution #EmolumentsClause #ImpeachTrump
Nonilex
At $500k a person, the private membership club is slated to open by summer in a sprawling, but defunct, restaurant called Clubhouse. It will feature 2 bars, a lounge, a restaurant & boardroom — re-creating the role previously served by the lobby of the Trump International Hotel in Washington, where donors & acolytes of #Trump gathered [including #Jan6 insurrectionists who were convicted of #SeditiousConspiracy] until the family sold it off after Trump’s 1st term.
Nonilex
These pitches played out even as some of Donald Trump Jr’s business partners were simultaneously rolling out yet another business in Washington that will cash in on #Trump’s return to the White House: a club called “#ExecutiveBranch”.
Nonilex
Just in the past 10 days, #DonaldTrumpJr made stops in #Hungary, #Romania, #Serbia & #Bulgaria on a paid-speech tour he has called “Trump Business Vision 2025,” which also included visits w/ #ForeignGovernment leaders & #political candidates. During roughly the same time, #EricTrump was shuttling among #Qatar, the #UAE & other #MiddleEast spots to push the family’s #RealEstate & #crypto plans.
Nonilex
…relatives of other presidents — including Billy Carter (brother of Pres Jimmy Carter) & Neil Bush (brother of Pres George W. Bush), along with Hunter Biden (son of Pres Joe Biden),— have had business dealings that have created questions about potential conflicts of interest.
What distinguishes the work of #Trump’s 2 sons is that several of these ventures, including the real estate deals & crypto efforts, bring revenues that benefit the president himself as well.
Nonilex
Eric also serves on the board of a holding company that oversees #WorldLibertyFinancial, the family’s #crypto firm, & recently joined forces w/his older brother, Donald Trump Jr, to start a #Bitcoin mining operation, American Bitcoin.
The WH has said there are no #ethics issues because #Trump’s sons run the businesses🤣. “The president’s assets are in a trust managed by his children,” Anna Kelly, a White House spokeswoman, said. “There are no conflicts of interest.”😉
Nonilex
But #Trump’s financial disclosure report, which he is legally required to file, shows that he still personally benefits financially from most of these ventures.
Eric Trump said that many of the ventures…—from #crypto to #RealEstate —were underway *before* their father was re-elected.…
Donald Trump Jr rejected any suggestion that he was trading on his father’s name, saying he has been a businessman his entire adult life.🤣😂
Nonilex
“There’s nothing like it,” said Douglas Brinkley, a Rice University historian who has written books on Presidents Ronald Reagan & Gerald R. Ford, addressing the financial #ConflictsOfInterest that have emerged in #Trump’s 2nd term.
Both Trump sons are involved in a wide range of family business ventures. Eric Trump, the president’s middle son, runs the #TrumpOrganization, the main family business, which *specializes* in real estate [#fraud].
Nonilex
The marathon of deal making has been so rapid that many elements have drawn limited public attention in the #UnitedStates, despite most of it being out in the open. That is in part because the sons appeared before mostly fawning crowds but also because #Trump, his appointees & his billionaire adviser #ElonMusk were making headlines with their own steady stream of norm-breaking controversies.
Nonilex
A luxury hotel in #Dubai. A second high-end residential tower in Jeddah, #SaudiArabia. 2 #cryptocurrency ventures based in the #US. A new golf course & villa complex in #Qatar. And a new private club in #Washington. In many cases these new deals promoted over the last week will personally benefit not only Eric Trump & Donald Trump Jr., but also President #Trump himself.
Nonilex
A contest of sorts has played out across #Europe, the #UnitedStates & the #MiddleEast in recent days as #Trump’s 2 older sons have pursued a blitz of family moneymaking ventures capitalizing on their father’s name & power, each seemingly trying to outdo the other.
It is a rush to cash in that involves billions of dollars with few precedents in American history.
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