Trump has an opportunity to make some money with very little work, and he just has to keep it going long enough to avoid fraud charges. To make his case, he quoted noted financial journalist David Cay Johnston who claimed, "By moving into this area with social media combined with SPAC, it’s largely outside the realm of regulated business. IN OTHER NEWS: Trump-loving Texas sisters who participated in Capitol riot as a family affair plead guilty Touching on Trump's central social media empire accomplishment, Truth Social, the journalist suggested the financial machinations that surround it could cause problems for him down the line - in particular, the Special Purpose Acquisition Company ( SPAC) linked to its development. Now, Trump is hastily combining all his schemes into one effort to get rich and augment his power and influence in the GOP, in anticipation of running for president again.
"But in Trump’s efforts to enrich himself post-presidency, you also see familiar imperatives: He’s still lazy and unscrupulous, though now he has a far larger pool of potential marks. "Trump is back to doing what he does best: cooking up hastily conceived schemes aimed at making a quick buck with minimal effort," writes Shepard. In a deep dive into Donald Trump's business endeavors that began when he was first elected president in 2016 - and what has ensued since he lost re-election in 2020 - the New Republic's Alex Shepard writes it all could come back to haunt him in unforeseen ways should he run again in 2024.Īs Shepard points out, Trump has long had varied success slapping his name on everything from steaks to wine using his own money and bank loans, but since running for office has accumulated even more cash from fans who support his political aspirations.
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