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Trump Enrichment Syndrome
TRUMP ENRICHMENT SYNDROME
Will Trump and company ever be held accountable for their graft and will their corruption have an enduring impact on political institutions?
By John Feffer
Foreign Policy In Focus | July 1, 2026
The Trump administration concluded a recent mineral deal with Kazakhstan that, not surprisingly, enriches not only Trump’s own family but that of his secretary of commerce, Howard Lutnick. Trump’s two eldest sons, part owners of Dominari Securities, are set to profit from the Kazakh tungsten deal. So is Cantor Fitzgerald, the investment firm run by Lutnick’s two sons.
As The New York Times pointed out in its investigation of the scheme, “Their sons were soon doing business with partners in a deal that their fathers were negotiating, continuing a pattern of self-enrichment in the second Trump administration that has few precedents in American history.”
The phrases “self-enrichment” and “few precedents” are interesting ways of characterizing this latest instance of the administration’s corruption. Isn’t self-enrichment a good thing, in the sense of profiting from your own hard work? By contrast, the article doesn’t mention the word “corruption” at all. Perhaps the Times is worried about getting hit by yet another Trump legal challenge (in October last year, Trump refiled a $15 billion defamation suit against the paper for its coverage of his 2024 presidential campaign).
Snip…
The Center for American Progress runs Trump’s Take, which estimates that the president has received a little over $2.6 billion in cash and gifts since he took office in January 2025. Much of this money has come from various crypto schemes, including the Trump meme coin, but also such dubious ventures as the documentary about Melania Trump and a number of legal settlements (more colloquially known as shakedowns). Corruption Counter puts the value at $2.2 billion and includes such recent items as the $100 million savings for Trump from the recent effort to bar the IRS from auditing the president. (Courts blocked the overall $1.8 billion “settlement fund,” but the Justice Department is upholding the IRS amnesty.)
If you want to keep track just of the crypto deals, the Democrats on the House Oversight Committee maintain the Trump Family Digital Grift Wealth Tracker. Senator Chris Murphy (D-CT) keeps his own list, which highlights the insider trading around the Iran War and a defense contract with Dell after the president invested in the company. David Kirkpatrick, at The New Yorker, has been keeping a running total of Trump’s ballooning assets. In January, he updated his total to $4 billion, which details, among other things, the Gulf money flowing into Trump pockets. Meanwhile, at RepresentUS, you can find a timeline of shady deals, from the no-bid contract to a presidential supporter for the Reflecting Pool “upgrade” to an Air Force contract for drones awarded to a company backed by Trump’s eldest sons.
Continues with links…
https://fpif.org/trump-enrichment-syndrome/
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