Democratic Party - Democratic National Committee

06/17/2025 | Press release | Distributed by Public on 06/17/2025 16:33

CORRUPTION WATCH: Trump is Scamming Americans and Profiting off the White House Arrow

Donald Trump has spent his presidency lining his own pockets with one grift after another. His chaotic economic policies are helping his crypto grifts as his family promises a "competitive advantage" for Trump's bitcoin company - all thanks to White House ties. Now, the Trump family has a new scam to rip off hardworking Americans with "Trump Mobile," a $500 phone he's claiming is made in the USA, but reports indicate it will be made in China.

GRIFT: The Trump family is profiting off the presidency with new crypto grift:

While promoting the new Trump family business, American Bitcoin, Trump's son made it clear Trump's policies would give the new company a "competitive advantage."

American Bitcoin is touting their connection to the White House, promoting Eric Trump's "exceptional network reach." It's also set to become a publicly traded company, offering "another avenue" for the ultra-wealthy to buy influence and pay for favors.

Trump ended a yearslong Securities and Exchange Commission effort to hold crypto firms accountable.

With $22.5 million in Bitcoin and plans to accumulate more, the new firm "could soon become an important source of capital for the Trump family."

Trump announced a national Bitcoin stockpile and has promised to lower costs associated with mining operations - sending Bitcoin to a record high price.

American Bitcoin's partner Hut 8's $320 million deal to purchase Chinese mining machinery was at risk - until Trump rolled back his 145% tariffs on China.

Trump rolled back his 145% tariffs on China the same day American Bitcoin announced their plan to pursue a public offering.

Trump's chaotic flip-flopping on his economic agenda "illustrated how the Trumps' business interests are intertwined with policies set by the White House."

FACT: Almost "every aspect" of Trump's business portfolio is drowning in conflicts of interest, with Trump's new venture raising new ethical questions.

GRIFT: MAGA Mobile looks like it's made in China:

Despite promoting the phone as "made by Americans for Americans," the nearly $500 phone is most likely going to be made in China.

Trump Mobile partners with Omega Mobile Care, which may not actually exist.

Trump Mobile also partners with EGV Companies, which has a history of scamming hardworking Americans and allegedly violating the law.

While Trump Mobile charges $45.47 per month, major mobile service carriers offer similar packages for $40.

While claiming customer service would be based in America, the Trump Mobile website features a "customer service" photo from Serbia.

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