New York Attorney General Letitia James responded to her indictment by the U.S. Attorney’s office of the Eastern District of Virginia, calling the charges politically motivated and part of the president’s attempts to weaponize the justice system. James stated the charges are baseless and a direct result of her office’s ongoing litigation against the Trump Organization. James asserted her office would vigorously fight the charges and remain committed to protecting New Yorkers and their rights.
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A recent analysis estimates that Donald Trump’s family businesses have generated a staggering $3.4 billion through ventures like crypto, real estate, and licensing agreements. This figure is based on estimations due to a lack of financial transparency from the Trump Organization and its subsidiaries, which are largely managed by the president’s adult children. Profits were generated through various avenues, including cryptocurrency, financial investments, and the Mar-a-Lago resort. The president’s actions, such as using his properties for official events, have further fueled these profits, while simultaneously allowing him to bypass disclosure and ethics laws.
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The Trump Organization is launching “Trump Mobile,” a new smartphone, this September for $499. Eric Trump positions the phone as a means to combat perceived unfair targeting of conservatives, following the model of Truth Social and Trump-affiliated cryptocurrency ventures. The phone promises enhanced features, lower costs, and US-based customer service, though significant skepticism surrounds its feasibility given the ambitious timeline and lack of concrete details. Despite doubts, the phone’s association with the Trump brand is expected to drive significant sales among loyal supporters.
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Despite promises of American manufacturing, the Trump Organization’s new “T1” smartphone, a gold iPhone lookalike, is currently being produced in China. While the Trump family claims future U.S. production is a goal, the initial rollout has been plagued by website errors and pricing inconsistencies. The $499 phone, a rebranded model available elsewhere for significantly less, is marketed with “All-American” branding despite its overseas origins. Experts suggest establishing U.S.-based production for a comparable device would take years.
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The Trump Organization’s new T1 smartphone, marketed as a “Made in the USA” alternative to the iPhone, is actually a rebranded Chinese Android device. Despite claims by Eric Trump that the phone is produced domestically, social media users quickly identified its resemblance to the significantly cheaper T-Mobile REVVL 7 Pro 5G, manufactured in China. The T1, sold for $499, is essentially a reskinned version of a $250 phone, highlighting a substantial markup. This revelation casts doubt on the “All-American” branding of both the phone and the accompanying Trump Mobile network, which utilizes existing US carriers.
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The Trump Organization launched Trump Mobile, a new wireless service offering an unlimited talk, text, and data plan for $47.45 per month, alongside a $499 “T1” smartphone. The plan, dubbed “The 47 Plan,” references Trump’s current presidential term. The T1 phone features a gold-colored American flag design, reflecting the brand’s leveraging of Trump’s image. This telecommunications venture, like other Trump-branded products, primarily operates through licensing agreements.
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A $1.5 billion luxury development, including three 18-hole golf courses, broke ground in Vietnam, spearheaded by the Trump Organization and local partner Kinhbac City. The project, approved swiftly by Vietnamese authorities, was lauded by Prime Minister Pham Minh Chinh and Eric Trump, who emphasized its potential to become a leading Asian resort. This collaboration comes amidst ongoing U.S.-Vietnam trade negotiations, with Vietnam offering various concessions. Further Trump Organization projects, including a potential skyscraper in Ho Chi Minh City, are under consideration.
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The Trump Organization announced a new luxury golf resort deal in Qatar, expanding its presence in the Gulf region. This $5.5 billion Simaisma beachside project, developed in partnership with Qatari Diar and Dar Global, includes a Trump International Golf Course and villas. The deal raises ethical concerns, given the Trump Organization’s pledge to avoid partnerships with foreign governments, despite Qatari Diar’s government ownership. Critics have voiced concerns about potential conflicts of interest between the President’s business dealings and his official duties. This latest venture follows other recent foreign business agreements by the Trump Organization.
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The Trump Organization announced a new licensing agreement with Dar Global, a London-based developer, to brand two luxury real estate projects in Riyadh, Saudi Arabia. This follows previous successful collaborations in Oman and other international locations. The deal, finalized weeks before the President-elect’s return to office, adds to the Trump Organization’s extensive portfolio of international real estate ventures. The partnership comes amidst previous scrutiny regarding the Trump family’s relationships with Saudi officials.
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Donald Trump’s business ventures, operating largely through licensing agreements, continue to flourish despite his presidential candidacy. These ventures, ranging from gold sneakers to a new fragrance and even a cryptocurrency platform, raise significant ethical concerns, particularly given their potential to attract foreign investment and influence. Unlike his first term, the Trump Organization’s ethics plan is expected to be significantly weaker, allowing for greater exploitation of his presidency for profit. This brazen disregard for conflicts of interest, including dealings with foreign entities, has sparked minimal serious political opposition.
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John Q. Hosedrinker