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47's 'side hustle': 47 cologne, 'scam' crypto, foreign plane boomerangs on Trump as Leavitt panics
MSNBCยท 2025-07-02 00:17
Allegations of Self-Enrichment - The report alleges Donald Trump is using his presidency to enrich himself through various ventures [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22] - Trump's ventures include a fragrance line, "Victory 4547" priced at $249 per bottle, and other branded products like sneakers, watches, Bibles, guitars, steaks, and gold phones [2][4] - Financial disclosures indicate Trump has made tens of millions of dollars from these products, including over $50 million from crypto, despite previously criticizing it [5] - A cryptocurrency mining and holding company backed by Trump's family has raised over $200 million, raising ethical concerns [8] Conflicts of Interest and Ethical Concerns - The report suggests potential conflicts of interest related to a meme coin, alleging it's used to circumvent campaign finance rules and grant special access to investors, including foreigners [5][6] - Concerns are raised about whether Trump's family would have received $200 million in funding for their cryptocurrency venture if he wasn't president, questioning ethics [8] - The report contrasts ethical rules for lawmakers with the perceived lack of constraints on the president regarding self-enrichment [8] Political Implications - The report draws parallels between Trump's actions and past criticisms of Mitt Romney, suggesting Trump is perceived as a wealthy individual who benefits himself and others like him [20] - The report highlights the potential political vulnerability of Trump's actions, noting that his policies are seen as enriching himself and his associates [21] - The report mentions an estimate of $3 billion coming in through just the first three months of his presidency [19]