No. of Recommendations: 5
Interesting article, laying bare another story of a Trump family member grifting the patsies.
"The president’s second son pitches his bitcoin company as a money-printing machine. It’s actually an arbitrage vehicle that preys on MAGA-minded investors."
"The Trump family learned long ago that there is money to be made in acting like things are bigger than they actually are. Fred Trump, Donald’s father, allegedly juiced his profits by duping authorities into thinking his projects cost more than they actually did. Donald Trump lied to banks (and media outlets like Forbes) about the value of his assets, leading a New York judge to conclude that he committed fraud. Eric Trump got caught up in that case, too, and was banned from serving as an officer or director of any New York corporation for two years."
"The much-diluted stock is now down -92% from its peak. Given that Eric Trump seems to have invested little to get involved with the venture in the first place, he’s still doing fine, having boosted his personal fortune from an estimated $190 million to $280 million through a stroke of financial alchemy. Other insiders have done well, too. The everyday investors who bought into the sales pitch, by contrast, are down an estimated $500 million."
Will MAGA voters have any money left when this grift/presidency is finally over? Doesn't look like it.
https://www.forbes.com/sites/danalexander/2026/04/... 