Examining Allegations Raised by Trump's 927-Page Financial Records

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2:32Ben Meiselas:Let's go through together what's actually in Donald Trump's latest financial filing. I'm sure you heard the headline that Donald Trump made over$2 billion his first year in office on stock trades, crypto schemes, licensing fees, real estate ventures, shaking down foreign interests. But we need to actually delve deeper than the headline to see just how nefarious and, in my opinion, just how criminal this is. When you look at Donald Trump earning over$2 billion and investors in his various entities losing$2 billion, that's just the tip of the iceberg. Because while Donald Trump has made billions of dollars, the American people are the ones suffering.

3:23Ben Meiselas:I also want to remind you, when Donald Trump entered into that settlement, the collusive deal with the Treasury Department and the IRS that many call a super pardon, where Donald Trump waived all tax liability, all audits, all criminal investigations into his personal taxes, his corporate taxes, his family's taxes, That includes this period of time where we now know that Donald Trump earned at least$2 billion that he's disclosing. And in my opinion, just giving you my opinion, I think he's hiding at least five to 10 times that amount. I believe the real number is closer to$20 billion that has been funneled to family interests that have not yet been disclosed.

4:19Ben Meiselas:Notably, Maggie Haberman and Jonathan Swan, who have a lot of sourcing inside the White House, also say that they believe that the$2 billion disclosed is just the tip of the iceberg. Now, if you want to think, well, what would the capital gains tax be or what would the regular income tax be on that amount of money? It is in the billions of dollars, and Donald Trump will construe the settlement agreement with the IRS and Treasury Department to say all tax audits, all investigations, all criminality into his taxes were waived during the period of time that covers this massive haul of money while using the White House as a quid pro quo machine.

5:07Ben Meiselas:Let's delve deeper. When people say that Donald Trump released these financial forms, the form is actually called a 278E, 278T report. These are financial disclosures required by the Office of Government Ethics. Donald Trump should have reported this much earlier. It's coming out right now. And when you take a look and you delve deeper, there are some massive red flags. Let's go deeper into this 927-page report. As the Assembly explains, big takeaways right here. From Trump's crypto schemes,$1.2 billion earned at least. $515 million from selling World Liberty Financial governance tokens. Investors lost about 78 % of their money.

6:00Ben Meiselas:$65 million from equity sales in World Liberty Financial Holding Company. $635 million in royalties from Trump Celebration Coins via Commander-in-Chief Digital LLC. Retail investors in most of these entities got absolutely wiped out and lost almost all of their money. Let's talk about stock trading. Very active with big individual trades. Donald Trump claims This was a blind trust. I had nothing to do with it. Well, in my opinion, I see no evidence that this was a blind trust. What I see happening is around critical events, Donald Trump made very big trades. Example, the day before Trump paused tariffs, triggering a historic 10 % market rally, his accounts purchased 327 stocks worth up to$12.8 million.

7:02Ben Meiselas:You know how we would talk about these mysterious investors who would make very well-timed. They would predict the future with their investments. Well, this seems like it may be what we were observing. The trades were disclosed more than a year late in violation of the law, but the penalty that Donald Trump paid was only$200. Yeah,$200. Look at this, as Unusual Wales puts it, on July 23rd, 2025, Trump purchased up to$5 million of Broadcom, Meta, Amazon, Apple, Microsoft, and NVIDIA. Later that day, the Trump regime unveiled its AI action plan, a policy that massively benefited those companies.

7:59Ben Meiselas:How about Trump purchasing$5 million of Axon stock in February? Weeks later, as ICE and Border Patrol were killing people in the United States and throwing them in concentration camps, ICE sought a$220 million deal with Axon, per CNBC and per Common Knowledge at this point. Let's take a look over here at some of these stock trades as well. As I just mentioned, also Palantir. Palantir, which we know has been used in Trump's$1.5 trillion military industrial complex. That money could be going to healthcare. That could be going to housing. That could be going to the American people. But no, Trump is enriching the companies that are enriching him.

8:47Ben Meiselas:Real estate and clubs brought in over$290 million. Mar-a-Lago revenue jumped hard from all the high-profile visitors, tens of millions of dollars from overseas property deals, UAE, Saudi Arabia, Qatar, Romania, and Vietnam, brand income. Trump watches made$4.7 million, Bible sneakers, fragrances, guitars, books made massive amounts of money. Trump received over$86 million personally in legal settlements with media companies. Now, Donald Trump will probably claim these as emotional distress. I'm giving you my opinion and say that it probably relates to a physical injury to avoid paying taxes. And regardless, he can't be audited.

9:36Ben Meiselas:So however he wants to classify the taxes under that settlement agreement, in my opinion, that will be something that will be allowed. Let's take a look and delve deeper into some of the other red flags that I see. How about we just look at a red flag from yesterday? Just wondering, why would Donald Trump post about Micron, ticker symbol, dollar sign MU? Trump says Micron will be investing$250 million into Trump accounts. Okay, okay. Here's his post. Big news. Micron, a truly great American company, one of the hottest anywhere in the world, has announced a historic$250 million investment. That was yesterday.

10:24Ben Meiselas:So I looked at his disclosures. I look at line 243, a micron investment that took place back in March of 2026. Then another micron investment that took place again a little bit earlier. Another micron investment took place a little earlier than that. Multiple tranches of micron investments. So Trump did in the first year in the office, 21 ,000 trades across eight investment accounts. So that's 80 trades per trading day, 21 ,000 trades. Now, if you want to compare that to who had the second most in presidential history, take a look at this chart right here. Trump, he had about 517 total trades, total trades, his first year in office.

11:22Ben Meiselas:I mean, his first term in office. Trump's first term, 517. Trump's latest term, 21, 22 ,000 during his first year alone. I just left a doctor's appointment feeling like I got no useful information out of it. This is why I'm fascinated by what Superpower is doing. Superpower sends a licensed professional to your home or you can visit a nearby lab. It's one simple blood draw with over 100 biomarkers, which is way more than what you usually get. And it unlocks a real understanding of your body. Their app includes detailed information on your heart, liver, thyroid, hormones, metabolism, vitamin and mineral levels, and even environmental toxins.

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13:32Ben Meiselas:Let's delve deeper, shall we, and get into some more data. Let's keep on digging. Look over here. This is notable. holding companies owned by Donald Trump have registered trademark rights in Venezuela, covering a range of household-related goods and services from construction, services, towels, toothbrush holders, and candlesticks. Notably, Donald Trump's right hand, Delcy Rodriguez, Diastato Cabellos, who are not following through and helping the people of Venezuela right now. Donald Trump had turned Venezuela into a fracking and mining and drilling hellhole. Just think about it. All of a sudden, the U.S.

14:20Ben Meiselas:started drilling the hell out of Venezuela, fracking the hell out of Venezuela. And then shortly thereafter, one of the rarest types of earthquakes, a four quake, and then a main quake, a 7.2 and a 7.5 back to back, which is incredibly rare. Again, as I've said before, I don't have the evidence and the data to make the causal link at this point yet, but I will say it's common knowledge that engaging in lots of fracking and drilling could increase the seismic activity in an area and could induce certain geological and other unusual events. But what I will say is undisputed is that aid and rescue missions have been significantly hampered as a result of the current regime in Venezuela right now.

15:13Ben Meiselas:I think that's undisputed. Take a look at this data point right here. The new filings by Trump reveal that he personally out-earned every single publicly traded crypto firm in America last year. So any publicly traded, the full company in their full panoply of crypto offerings made less money than Donald Trump made. Coinbase was the closest, which earned about$1.26 billion to Donald Trump's$1.4 billion on crypto. And then Trump, of course, made money in numerous other areas as well. Now, let's just keep on digging right here. as Zero Hedge points out. So Trump reported 4.7 million in royalties from Trump watches, payments from Trump sneakers, fragrances, Trump restaurants, wholly owned by one of Trump's holding companies, earned$2.9 million in food and beverage sales right there.

16:18Ben Meiselas:I mean, again, we're talking about this massive haul that's taking place right there. I mean, my question to you right now is as I'm reading you this data. Does that sound, does that sound, how does that sound to you? You take a look right over here in terms of gifts. Trump received more than 350 ,000 worth of gifts that he is declaring, but we know that that's false because he got a$400 million Qatari jet that the Americans have supplemented the taxpayers by paying an additional$1.1 billion. So the actual number on gifts is at least$1.5 billion. So my view is he lied on the section called gifts.

17:03Ben Meiselas:But these are the gifts he got. Super Bowl tickets worth a combined$50 ,000. It's probably worth more than that. 15 Daytona 500 tickets, 30 tickets worth a combined$6 ,750 from UFC. Gianni Infantino gave him 10 tickets to this year's World Cup. worth$15 ,000? Really? So you're saying each ticket to the World Cup was$1 ,500? Good luck with that. Why do I think that that ticket is probably$30 ,000 each? So I think he's lying again there. Yeah, I mean, the foreign real estate ventures,$58 million in licensing fees, $11.7 from Dubai,$10 million from Abu Dhabi, UAE,$9.2 million Saudi Arabia in Doha right there.

17:52Ben Meiselas:I do want to show you this, though, which you'll see kind of, you know, Mark Levin was like, why is it that Qatar is involved in every negotiation? And why are they in the middle of everything? As I said to Mark Levin, I don't know, go ask the guy who took a$400 million jet from them and made the taxpayers pay a billion dollars. Look how else it's impacting policy. New York Times columnist Nicholas Kristof questioned whether Trump expanding financial ties to the UAE. his personal ties, help explain his silence over the Gulf state support of Sudan's genocidal rapid support forces, RSF. The comments come a day after Trump's financial disclosures, talk about earning nearly$1.2 billion from crypto ventures.

18:38Ben Meiselas:And we know the UAE invested heavily in World Liberty Financial as well, which were those crypto ventures that I told you. They also come as Amnesty International accused the RSF of crimes against humanity and ethnic cleansing in Al-Fashir, while human rights watched our governments to pressure the UAE to end its support for the RSF amid warnings of an imminent risk of atrocities. But Donald Trump's World Liberty Financial made an absolute killing over that. So in short, I still believe there are billions of dollars being hidden right now. Here, for example, is what Jonathan Swan and Maggie Haberman told CNN.

19:21Ben Meiselas:Let's play this clip right here. People forget now, but Trump used to call crypto a scam, you know, years before he got involved in the business. and we're now in this unprecedented situation where crypto is this overwhelming source of wealth for the trump family for the whitkoff family one of his key advisors steve steve whitkoff at the same time that donald trump is overseeing the regulatory apparatus that is regulating this industry and in private as we have in our book reporting trump has sort of almost been mystified by this world of crypto, you know, with all these zeros attached, you know, how does this all kind of work?

20:04And like you said, he's used to dealing in tangible physical property, but he's become richer than he ever was in real estate by orders of magnitude because of this. I think one thing that's really important as reporters and just as citizens to understand is we only know a fraction of what's going on. I mean, this financial disclosure does not account for a lot of the money that's going into the Trump family through different mechanisms, through the children and other business ventures, deals overseas. I don't think we've begun to scratch the surface of understanding all the different ways that money is flowing into the Trump family throughout this presidency.

20:51Ben Meiselas:And when Jessica Tarlov questioned some of the Fox hosts on her panel, here's what they had to say. Let's play this clip. What? Yeah, I did. I went row by row by row. I have to quibble, though, with the intro where you said, like, choo-choo, coming off the Freedom 250 train, when you should have said hopped off the Qatari jet to the Teddy Roosevelt library. Because I think that that links exactly... It is a sick burn. Thanks, Emily. I think that links directly to why people have lost faith in the American experiment, especially during the Trump era. Because of the Qatari plane? Well, it gets worse than it.

21:29No one even knows that. That's actually, everybody knows. No one knows that story.

21:33Ben Meiselas:Go outside. I'll hire Johnny to go out. No one's heard of it. Here's the story. The Qataris give Donald Trump a$400 million gift slash bribe. Everybody, Democrats and Republicans say, don't take it. Don't take it. It's a national security threat. It also looks really bad. He's like, no, I love this thing. And I'm going to ride it to the opening of the Teddy Roosevelt Library. It's day one. I was listening. And so that's what they're going to do on the right wing. This is perfectly normal. He was rich. This is how you're supposed to be. This is how it is. Isn't the way it's supposed to be. This isn't the way it's supposed to be.

22:05Ben Meiselas:This is criminal. This is disgusting. This is un-American. And frankly, I don't care what political party you're from. Don't give me, oh, Hunter Biden hunt is nothing. is it's it's that's in a don't even go there that's not even close but that's what they'll do they will relentlessly flood the zone with projection and try to conflate all everything's no no no what trump is doing is on a level and scale that is out of this universe you know i um you know i i was speaking with someone today in the neighborhood who's big midas touch fan and i And they were saying, well, what about this corruption?

22:44Ben Meiselas:I said, you know, all corruption is bad, but there is a difference between a traffic ticket and mass murder, right? They're both technically against the law and we should be against all corruption, right? But what the Trump regime wants to do is act like a traffic ticket violation and mass murder are basically just all criminal. It's all a bunch of things. There is a massive difference between making billions and billions and billions of dollars, quid pro quos, that throws the United States policy under the bus versus what the Trump regime, oh, well, that's just as bad. It isn't. It's not even in the same hemisphere.

23:31Ben Meiselas:Hit subscribe. Let's get to 7 million subscribers. Thanks for watching.