BEDMINSTER, NEW JERSEY - JULY 07: Pam Bondi, former Florida Attorney General, speaks during a press conference announcing a class action lawsuit against big tech companies at the Trump National Golf Club Bedminster on July 07, 2021 in Bedminster, New Jersey. Former president Trump held a press conference with executives from the America First Policy Institute to announce a class action lawsuit against Facebook, Twitter, Google, and their CEOs, claiming that he was wrongfully censored. Since being banned from the social media companies, former president Trump has continued to spread lies about the 2020 election. (Photo by Michael M. Santiago/Getty Images)
On April 2, Attorney General Pam Bondi sold off her shares in Trump Media Stock, which were reported as worth more than $3.9 million at the time of sale. This occurred on the same day that President Donald Trump announced the new “liberation day” tariffs, which would impact almost every country and send the stock market tumbling.
Bondi was required to divest from her shares in Trump Media, which she had earned from consulting work. Although the sale was well-timed, as the stock price fell by roughly 13% after the tariffs were announced, it is unlikely that the attorney general benefited significantly from the divestiture.
Trump Media closed at $18.76 on April 2, the day she divested, after trading for upwards of $30 per share throughout December. The stocks bounced back after Trump announced a 90-day pause on reciprocal tariffs.
Despite the lack of significant profit, many speculate Bondi’s actions could constitute insider trading. The accusation stems from Trump’s suspected history of tariff-related market manipulation. Democrats have suggested numerous times that Trump’s allies were informed of his tariff moves and given time to make well-timed trades, such as Bondi’s.
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This has been seen before with Rep. Marjorie Taylor Greene (R-Georgia), a well-known ally of the president, who also made several well-timed trades before the market dipped in April.
Democrats have also scrutinized Bondi’s trades. “We need an investigation into whether Attorney General Bondi engaged in insider trading,” Rep. Greg Casar (D-Texas) posted on X. “A culture of corruption has infected the Republican Party. Americans deserve answers.”
Although the sale occurred last month, its disclosure was only recently made public. The Justice Department is yet to comment on Bondi’s knowledge of the tariff moves.
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