Showing posts with label exploitation of public power for private financial gain. Show all posts
Showing posts with label exploitation of public power for private financial gain. Show all posts

Thursday, July 2, 2026

As Trump reports $2.2 billion in 2025 income, ethics experts raise alarm; Los Angeles Times, July 1, 2026

Jenny Jarvie, Los Angeles Times; As Trump reports $2.2 billion in 2025 income, ethics experts raise alarm

"Ethics experts sounded the alarm Wednesday after new financial disclosure reports revealed that President Trump’s income ballooned to $2.2 billion in 2025, with $1.4 billion coming from various new cryptocurrency-related businesses.

“It’s bribery. It’s graft. It’s exploitation of public power for private financial gain,” said Kathleen Clark, a law professor at Washington University and an expert in government ethics. “Trump has — with the acquiescence of a somnolent, GOP-controlled Congress and the active assistance of John Roberts’ Supreme Court — transformed the presidency into a massive corruption racket.”

Trump reported income of over $600 million in 2024. But after he entered the White House in 2025, he reported that his income had soared to more than $2.2 billion."