Trump has pardoned more than 70 convicted fraudsters while in office
Donald Trump’s Department of Justice (DOJ) is set to drop charges against a cryptocurrency Ponzi scheme that defrauded investors of $722 million. The fraudster, Matthew Goettsche, put together a team of lawyers with connections to Trump to lobby for the charges to be dismissed.
Trump has already pardoned or granted clemency to more than 70 people convicted of fraud, including would-be targets of JD Vance’s “anti-fraud” task force, such as those involved in healthcare and nursing home schemes. Trump’s pardons have potentially given hundreds of millions of dollars owed to taxpayers and victims of fraud back to the convicted fraudsters.
In response, DNC Spokesperson Jaelin O’Halloran released the following statement:
“Donald Trump has infected the White House with a culture of fraud and corruption that is costing taxpayers millions of dollars. Under Trump’s watch, we have a two-tiered system: if you are a wealthy donor or ultra-rich elite, you can commit massive financial crimes and get away with it. Meanwhile, everyday Americans are forced to play by the rules while still struggling to make ends meet in Trump’s economy. Trump has used the presidency to line his own pockets and enrich his family and friends, leaving ordinary Americans to foot the bill for his fraud and corruption.”
As Trump continues to pardon fraudsters and his administration drops investigations into corrupt schemes, the Trump family’s net worth continues to explode by hundreds of millions of dollars. Trump has paused investigations into companies and billionaires who have enriched his family and businesses, including securities fraud cases and investigations into crypto billionaires who infused over $1 billion into Trump-owned crypto ventures.
Meanwhile, Trump’s family continues to engage in extensive amounts of self-dealing. Trump made more than 3,600 stock trades in the first quarter of 2026 alone, potentially valued at more than $100 million, investing in companies with business in front of the administration.
