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.
