AG Pam Bondi Appears To Break The Law Dumping Trump Stock Before Tariff Announcement
Attorney General Pam Bondi dumped millions of dollars in Trump Truth Media stock the day before Trump's tariffs were announced.
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What happens if the United States Attorney General breaks the law?
This is a question that the country could soon be wrestling with after ProPublica reported that Attorney General Pam Bondi sold millions of dollars in Truth Media stock the day before Trump announced his tariffs.
Attorney General Pam Bondi sold between $1 million and $5 million worth of shares of Trump Media the same day that President Donald Trump unveiled bruising new tariffs that caused the stock market to plummet, according to records obtained Wednesday by ProPublica.
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Trades by government officials informed by nonpublic information learned through work could violate the law. But cases against government officials are legally challenging, and in recent years judges have largely narrowed what constitutes illegal insider trading.
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It’s unclear from the public record whether Bondi as attorney general would have known in advance any nonpublic details about the tariffs Trump was announcing that day. Trump, of course, publicly announced his plans to institute dramatic tariffs during the election campaign. But during the first weeks of his term, the market seemed to assume his campaign promises were bluster.
The problem is that what may look like obvious insider trading may be difficult to prosecute and impossible to prove. Additionally, who would prosecute the attorney general? The federal government under Trump won’t do it, and Bondi runs the DOJ, so even if it were insider trading, any potential crime might be impossible to prosecute, but let’s pull back and take a look at the bigger picture.
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