Trump Stock Purchase Preceded DOJ Probe Drop
President Donald Trump purchased hundreds of thousands of dollars of Abbott Laboratories stock in late September of last year. This investment occurred approximately two months before the Department of Justice, under his administration, dropped a long-standing criminal investigation into the company. The investigation was examining alleged misconduct related to infant hospitalizations and deaths linked to one of Abbott’s baby formula factories, despite prosecutors reportedly believing they had evidence for criminal charges. Abbott had previously donated $500,000 to Trump’s inaugural fund, and the company later reached a settlement to resolve a related civil lawsuit alleging failures in manufacturing standards and a “culture of concealment.”
John Q. Hosedrinker