'An enormous scam:' Senator accuses Trump of massive 'insider trading scandal'
Source: Raw Story
Sen. Chris Murphy (D-CT) flagged a social media post by president Donald Trump as possible evidence of insider trading.
The president urged investors to buy as the stock market dipped Wednesday morning, saying "this is a great time to buy" on Truth Social at 9:37 a.m., but less than four hours later Trump announced a 90-day pause on nearly all of his tariffs, sending stocks soaring.
"So I have questions about the tariff announcements today," Murphy said in a video posted to X. "Who benefitted, and who made money? This should matter to you, too, because this could be an enormous scam. What we know is at about 9:30 [Wednesday], Trump posts on social media that people should buy, it's a good time to buy, and then three hours later, guess what? He announces that there's going to be a 90-day suspension of many of the tariffs."
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The S&P 500 showed the stock market gained back about $4 trillion, or 70 percent, of the value it had lost over the previous four trading days after Trump announced the suspension.
"Predictably, the market, which had been crashing, shoots up, and anyone who made investments early today likely made a lot of money, and so the question is, who close to Trump knew that he was going to suspend the tariffs?" Murphy said. "Which of his Mar-a-Lago friends or his billionaire advisers were able to capitalize on that inside information? Why did Trump send out that post to his supporters earlier in the day? The bottom line is that the chaotic nature of this tariff policy, with Trump's position changing every single hour, gives ample opportunity for any individual who has early access to information about the White House's change in position to make boatloads of money, either by investing at the right time or pulling their money out of the market at the right time."
"This entire White House is one giant grift," the senator added. "Donald Trump and his friends are in power in order to use their access to government to make money. It stinks, and we should get to the bottom of it."
Read more: https://www.rawstory.com/donald-trump-insider-trading/
Obviously. Trump was valued at 222 million before his presidency. The day after his presidency his Truth Social was revaluated at six billion dollars. Trump is playing poker with the USA as his hand. His only interest in the country is his own profit. Prove me wrong.

sop
(13,796 posts)kerouac2
(1,157 posts)
That's a good one.
Bengus81
(8,706 posts)SupportSanity
(1,391 posts)
Chasstev365
(5,365 posts)Vince Foster?
Operation Cross-Fire Hurricane?
The Tan Suit Scandal?
DHS Secretary Alejandro Mayorkas Impeachment?
You know, because the above are all just as serious as the treasonous, corrupt piece of shit, Trump...
Amaryllis
(10,272 posts)oasis
(52,227 posts)Thank you Sen. Murphy.
NCDem47
(2,781 posts)It stinks that that its not likley this will be investiagted now. But, if it gains momentum and critical mass seeping into true MSM, then maybe it can change perceptions of marginal Trump voters that he and Republicans are corrupt.
mopinko
(72,299 posts)of course, it will fade away as a news thing, but hopefully, someone, at some level, is taking notes.
Canada Kid
(99 posts)This whole engineered stock market crash was designed by Musk and all of Trump's buddies as a way to get richer real quick! Blatantly quiet in the face of billions being lost on an hourly basis, these scumbags were waiting for Trump to call off his tariffs, being notified many hours in advance to start buying up those value depleted stocks at bargain prices. This is all illegal, but with all the tail dragging and snow jobs to come, any investigation will quickly peter out. They have just committed a major crime and will get away with it!
Magoo48
(6,244 posts)That would be great.
Wednesdays
(20,484 posts)Magoo48
(6,244 posts)bronxiteforever
(10,353 posts)mdbl
(6,261 posts)This stuff makes me wanna
twodogsbarking
(13,405 posts)Dark n Stormy Knight
(10,349 posts)Every accusation is a subconscious confession.
twodogsbarking
(13,405 posts)BOSSHOG
(42,130 posts)Blame your enemy for what you do.
prodigitalson
(3,063 posts)period
Iamscrewed
(113 posts)Why would an unpunished criminal stop committing crimes?
electric_blue68
(20,971 posts)I temped at a Bank's HQ back in the early '80s. While not completely remembering about what I did... something like entering people's changes (if they wanted to) in the bank's offered investment plans - weekly: on a special form that was sent a different dept nearby to be entered into the system.
There were certain things they couldn't do bc it would be considered insider trading, but I wasn't the the person who had to look out for it. I'm sure glad I wasn't (!!!), but I wonder who was. Or maybe it was potentially attempted in another way. Idk.
The other wild thing was I had access to the Eployee's Info Directory. It even included the CEO's name, address, and $$$/hr he got.
So just playing with numbers right now....
2,3XX/hr ='d: 95,XXX/wk,
X's 52 wks ='d 4,XXX,XXX (closer to 5 Mil, and that was early 1980's! )
C Moon
(12,803 posts)And sadly, I'm not being facetious.
Nothing will happen.
Look back at every single law the right rich have broken. Posted. Celebrated that they will pay the price.
Nothing.
I'm beginning to believe "we the people" has been nothing more than a shell under which the billionaires live.