Tag

#emoluments

Grade 2 of 5: Major Abuse of Power

Pay-to-Play: Trump's Dell Stock Precedes $9.7B Pentagon Deal, White House Ballroom Donors Win $50B in Contracts

Trump bought Dell stock, then the Pentagon gave Dell a $9.7 billion contract two weeks later. Separately, 14 of 27 corporate donors to Trump's White House ballroom project won a combined $50 billion in new federal contracts within six months of giving. Ethics watchdogs call both pay-to-play; no formal violation has been charged.

Grade 2 of 5: Major Abuse of Power

Emoluments Violations: Profiting from Foreign and Domestic Governments While President

Unlike every president in modern history, Trump refused to divest from his businesses, instead placing them in a trust managed by his sons. Foreign governments and domestic government agencies spent millions at Trump properties during his presidency. Courts dismissed emoluments cases on procedural grounds rather than merits; a January 2024 House Oversight Democrats report documented more than $7.8 million in payments from at least 20 foreign governments to Trump businesses during his presidency.

Grade 2 of 5: Major Abuse of Power

Presidential Conflicts of Interest: Trump Refused to Divest from Business Empire

Prior presidents had either sold their business assets or placed them in blind trusts managed by independent trustees. Trump placed his holdings in a revocable trust managed by his sons Donald Jr. and Eric, with Trump retaining the ability to revoke the trust at any time and receiving financial reports about the businesses. The Office of Government Ethics stated the arrangement was insufficient to prevent conflicts. The Trump International Hotel in Washington, housed in a federally-owned building under a lease Trump's own government administered, became a center of lobbying activity, with foreign governments and domestic interest groups booking events and rooms to seek favorable treatment. Saudi Arabia spent more than $270,000 at the hotel in a single year.