On the day of Donald Trump’s” Liberation Day” tariff announcement, attorney general Pam Bondi sold shares of Trump Media &, Technology Group worth at least$ 1 million, according to a government ethics disclosure, reported CBS News. The deal, which was valued between$ 1 million and$ 5.5 million, included shares and permits in Truth Social’s family business, Trump Media.
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Do you believe Pam Bondi’s decision to sell Trump Media shares on the day of the tax news was justified morally?
The sale occurred just before Trump declared large taxes on foreign exports and dubbed April 2″ Liberation Day,” which first irked the marketplaces. Bondi’s publication type does not specify whether the sale took place before or after the day’s industry closed, according to Newsweek. In accordance with her ethics contract with the company of government ethics, Bondi had pledged to sell all of her financial stakes in Trump Media within 90 days of receiving her validation as attorney general in February. Within that required windows, the April 2 sales occurred. Through a blank-check consolidation, Bondi received the stock as payment for consulting work relating to Trump Media’s Wall Street debut. Her stake was estimated to be close to$ 4 million in a December 2024 filing. The company’s stock, which had previously reached a peak of$ 52, closed at$ 26 per share the day after CBS obtained the processing. Trump Media has been hit by economic difficulties. According to CBS News, the business lost$ 400.9 million in 2024, and its annual revenues decreased by 12 % to$ 3.6 million. The company attributed the decrease to changes to an unknown advertising partner’s revenue-sharing agreement. 106, 000 stock of which were previously re-registered for sale by Trump Media were previously re-registered for sale. Trump, who owns 53 % of the business, transferred his holdings, estimated at$ 2.2 billion at current prices, to the Donald J. Trump Revocable Trust in December. Donald Trump Jr., his son, serves as the trust’s single trustee and makes all investment and voting decisions. Trump has stated that he has” no plans” to offload any of the shares despite registering them for a potential sale. Following the 2024 election, Bondi, a former attorney general of Florida and Trump supporter, was appointed to the best justice ministry position. Prior to joining Ballard Partners, a lobbying strong with ties to a number of Trump initiatives, she had worked there.
