Fraud Is Now a Feature of California as Billions Vanish
Source: RealClearPolitics - Homepage · Bias: Center Right
Summary
California was once a beacon of opportunity. Today, our great state maintains its natural blessings and abundance of potential, but both are being smothered by government inefficiency and fraud
Fraud Is Now a Feature of California as Billions Vanish
Center Right
California was once a beacon of opportunity. Today, our great state maintains its natural blessings and abundance of potential, but both are being smothered by government inefficiency and fraud
Former Rep. Marjorie Taylor Greene (R-GA) torched what was left of her relationship with President Donald Trump on Thursday after new financial disclosures showed he personally pocketed $2.2 billion during his first year back in office, The New York Times reported Friday. "The Republican Party hijacked MAGA," Greene wrote on X, the Times reported.Some MAGA voices went further, framing the windfall as proof of Trump's business savvy rather than a conflict of interest. Iowa activist Kelley Koch, who chairs a group called MAGA Nation, brushed off outrage entirely: "Let's just be honest, people are checked out right now," she said, speaking with the Times.Democrats weren't nearly as forgiving. California Gov. Gavin Newsom called Trump "the most corrupt president in American history," while Rep. Haley Stevens (D-MI) accused him of standing "with the billionaire class" while ordinary Americans struggle, the Times reported.
Democrats on the House Natural Resources Committee released an interim report on Thursday alleging Freedom 250 potentially misled donors, directing them to complete payments that were rerouted. “According to sources interviewed by Committee Democrats, donors who intended to donate to America250 were instead given wire instructions with Freedom 250’s banking information—including its routing number and…
Democrats are preparing a hostile audit of President Trump and his inner circle, intent on exposing — and ultimately ending — the most lucrative presidency in American history.Why it matters: Since winning the 2024 election, Trump has operated in a Wild West of his own making — monetizing the office to the tune of billions, while enabling family, friends and donors to cash in along the way.He and the White House have denied any conflicts of interest. Republicans, who spent years investigating the Biden family's business dealings, have shielded Trump from the same scrutiny.But Democrats see the presidential gold rush as corruption personified — and plan to bury Trump's orbit in subpoenas if they win the House in November's midterms.Zoom in: Trump's $2.2 billion financial disclosure is a 927-page roadmap for the coming investigations, itemizing every known venture that made 2025 the richest year of his life.A crypto business that barely existed when Trump took office minted him roughly $1.2 billion — eclipsing, in a single year, the real estate empire he spent decades building.His biggest single payday was $635 million in royalties from the $TRUMP meme coin, which has crashed roughly 95% from its inauguration-week launch — destroying billions for the small investors who bought in.Trump also reported tens of millions from legal settlements with major media and tech companies, plus new income from branded watches, sneakers, Bibles, fragrances and foreign licensing deals.Zoom out: For Democratic investigators, the ripest targets are the people around Trump: family, appointees and allies who, unlike the president, can be compelled to testify under oath.World Liberty Financial, the crypto venture launched by the Trump and Witkoff families, has become a magnet for foreign money, including a secret $500 million investment from a senior Emirati royal.A New York Times investigation found that Donald Trump Jr., Eric Trump and the sons of Commerce Secretary Howard Lutnick have ties to at least 14 companies seeking $8.9 billion in federal support for critical-minerals deals.Jared Kushner, Trump's son-in-law, has raised billions from Gulf governments while leading Middle East peace talks. In Albania, Kushner's firm won "strategic investor" status for a $1.4 billion luxury resort on a protected island — igniting mass protests dubbed the "flamingo revolution."What they're saying: Trump dismissed criticism of his financial disclosure on Wednesday, telling reporters his money is run by outside advisers in what he called a "blind account.""Everybody is profiting," Trump said, because "the stock market's going up."In a CNBC interview Thursday, Trump said he didn't know about many of the crypto gains disclosed in the filing because his son Eric and outside firms handle his investments. But he also argued that even if he had known, "there's nothing illegal with that," saying presidents cannot realistically recuse themselves from every decision that might affect their finances.Reality check: Trump's defense focuses on who manages his investments. Democrats are preparing to scrutinize the much bigger ecosystem around them: a portfolio that made more than 21,000 securities transactions in 2025, a family crypto empire, foreign business deals and other ventures that expanded alongside his presidency.The explanation also sidesteps broader ethics questions, including Trump's acceptance of a $400 million Qatari jet that entered service as Air Force One on Wednesday.Trump plans to keep the luxury plane — the largest foreign gift in U.S. history — for his presidential library after he leaves office.White House spokesperson Anna Kelly said in a statement: "President Trump only acts in the best interests of the American public — which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media. There are no conflicts of interest."The big picture: Scrutiny of Trump's finances comes amid a growing anti-billionaire current in U.S. politics, exacerbated by a cost-of-living crisis the president repeatedly has downplayed.The number of democratic socialists in Congress is poised to more than double after the midterms, giving the left's anti-oligarchy message a bigger platform inside the Democratic Party.Sen. Jon Ossoff (D-Ga.) has made corruption the central theme of his re-election message, drawing 2028 chatter for his viral speeches detailing the Trump family's foreign windfalls.For Democrats, the bet is that Trump's profits can become part of a broader affordability argument: Washington works for the well-connected, while everyone else pays the price.The bottom line: It's no secret that Democrats intend to make life miserable for Trump and his inner circle if they win the midterms."They will turn every committee of Congress into an investigative body, and they'll go after the president's family, the Cabinet, his donors and friends," House Speaker...
Elected officials in California are carrying on with business as usual, even after their constituents voted overwhelmingly to send them packing.An election was held on April 28 in the California city of Avenal in Kings County, where the mayor, Alvaro Preciado, and three city council members — Leticia Gamez, David Reynosa, and Pablo Hernandez — were recalled with at least 76% of voters backing the ouster in each case. The Kings County Registrar of Voters certified the recall election.'I’ve never seen a city so deflated.'The driving force behind this electoral housecleaning — which the council members unsuccessfully attempted to stop with a lawsuit in April — was principally voter concerns about transparency and the council's previous decision to cease contracting with the county fire department.Preciado, Gamez, and Hernandez voted on June 11 to reject the will of the electorate and remain in office. They even approved a new city budget despite recall advocates producing a restraining order, reported the SF Chronicle.Those officials clinging to power, including Reynosa, maintain that the recall election was conducted unlawfully by Kings County and without the council's authorization.Preciado told the SF Chronicle last month that he was staying in office until a judge decides on the recall's legality.California Democrat Attorney General Robert Bonta cleared the way for legal action against the recalled officials on June 11.RELATED: Gov. Pritzker says he's one of the good billionaires, not the ones vilified by socialists In his opinion, Bonta noted that "if the Relators are correct on the merits, then the Defendants are not lawfully occupying office. It would not be in the public interest to permit elected officials to disregard election results."Days after Bonta granted the recall campaigners' application for leave to sue in quo warranto, residents served Preciado and the other recalled officials a lawsuit and an earful at an Avenal city council meeting.Dalila Barajas, a resident of Avenal who is one of the recall proponents, told KGPE-TV, "It just seems that the more meetings they have, the more money that they're spending illegally, the more our citizens are getting frustrated and the more we're asking for them to step down."While Bonta cleared lawsuits against the recall officials, King County District 2 Supervisor Richard Valle criticized the state attorney general for his apparent disinterest in the scandal, telling KMPH-TV on Wednesday, "I believe that if these were MAGA republicans who were refusing to leave office, someone in California would have done something about that.""We were hoping he would take some action," added Valle."I’ve never seen a city so deflated in my time of being around in public service. The people feel like nobody’s coming to help," added the King County supervisor. "Why is it being allowed to take place here in the state of California, in the county of Kings, in the city of Avenal? It’s embarrassing."Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!
New financial disclosures by President Donald Trump show that he made more than $1.4 billion from his family’s various cryptocurrency ventures last year, reaping a windfall after pulling back on regulation of the industry and promoting the United States as “the crypto capital of the world.” Other Trump businesses, like his resorts and golf courses, have also flourished since his return to the White House, while the Trump Organization has also licensed the family name to properties in countries that are crucial to U.S. foreign policy interests, including Saudi Arabia and Qatar.
“It’s been an incredibly successful period for the Trump family,” says Reuters investigative reporter Tom Bergin.
Two defendants have been charged for their involvement in an alleged multi-million dollar medical care fraud scheme, the U.S. Attorney’s Office for the Eastern District of New […]
