Trump Family Business Profiting from US Security

Artificial intelligence chips produced in the U.S. are so advanced that the Biden administration decided to limit their export for national security reasons to prevent them from falling into the hands of China and Russia. However, just before Donald Trump’s potential second term began, a secretive deal was struck by intermediaries for an Abu Dhabi royal, funneling $187 million into Trump family ventures through a $1.3 billion fund owned by Sheikh Tahnoon bin Zayed Al Nahyan, known as the “spy sheik.” This deal involved the acquisition of 49% of World Liberty Financial, a crypto enterprise owned by the Trump family.

The goal of this transaction was to obtain access to highly sensitive AI technology that was previously off-limits. The fear was that these cutting-edge AI chips could be diverted to China, posing a significant security risk. Following Trump’s return to power, the United Arab Emirates, particularly Abu Dhabi, gained access to half a million of the most advanced chips annually as part of the agreement. This move raised concerns about the potential exploitation of U.S. technology by rival nations for military, surveillance, and strategic AI purposes.

The deal also involved individuals like Zach and Alex Witkoff, who are partners in World Liberty and the sons of Steve Witkoff, a real estate developer appointed as the U.S. special envoy to the Middle East by Trump. This under-the-radar transaction highlights the covert sale of prized U.S. technology to foreign entities and raises questions about the extent of influence and access to sensitive technology.

In another development, during the Biden administration, the crypto betting platform Polymarket came under scrutiny by the Justice Department for alleged money laundering activities. However, the tide turned for Polymarket, which later secured a lucrative deal with the New York Stock Exchange’s parent company. Founder Shayne Coplan, 27, saw his fortune swell into billions with this new partnership. Despite being investigated by the Commodity Futures Trading Commission for operating as an unregistered exchange vulnerable to market manipulation, Polymarket’s recent success paints a different picture of its trajectory.

Polymarket’s platform allows users to engage in derivative trading without disclosing their identities, raising concerns about potential insider trading and market manipulation. Recent events such as the surge in bets on the U.S. military operation against Venezuelan leader Nicolas Maduro and evidence of wash trading practices have drawn further scrutiny to Polymarket’s operations.

The investigation into Polymarket’s alleged money laundering activities by the FBI before Trump’s second term was paused once Trump assumed office, leading to speculation about the role of political connections and investments in influencing legal proceedings. The complex web of relationships and financial interests between Polymarket and influential individuals illustrates how the Trump era was characterized by corruption and self-dealing activities, prompting concerns about accountability and transparency.