Pam Bondi sold Trump Media holdings worth over $1 million on the day of Donald Trump’s ‘Liberation Day’ tariff announcement
US attorney general Pam Bondi sold shares in Trump Media & Technology Group worth at least $1 million on April 2, the same day US President Donald Trump announced sweeping global tariffs, according to a government ethics disclosure, reported CBS News.
The transaction involved stock and warrants in Trump Media, the parent company of Truth Social, and was valued between $1 million and $5.5 million.
The sale came just hours before Trump dubbed April 2 “Liberation Day” and unveiled broad tariffs on foreign imports, a move that initially rattled the markets.
According to Newsweek, Bondi's disclosure form does not clarify whether the sale occurred before or after markets closed that day.
Bondi had pledged to divest her financial interest in Trump Media within 90 days of her confirmation as attorney general in February, as part of her ethics agreement with the office of government ethics.
The April 2 sale fell within that required window.
According to Bloomberg Law News, Bondi received the shares as compensation for consulting work tied to Trump Media’s debut on Wall Street through a blank-check merger. A December 2024 filing listed her stake at nearly $4 million.
The company’s stock, which once peaked at $52, closed at $26 per share on the day CBS obtained the filing.
Trump Media has faced financial headwinds. As per CBS News, the company posted a $400.9 million loss in 2024, with annual revenues falling 12% to $3.6 million. The firm attributed the drop to changes in a revenue-sharing deal with an unnamed advertising partner.
Earlier, Trump Media re-registered shares for sale, including 106,000 shares owned by Bondi.
Trump, who owns 53% of the company, transferred his holdings, worth an estimated $2.2 billion at current prices, to the Donald J Trump Revocable Trust in December.
His son, Donald Trump Jr, is the trust’s sole trustee and controls all voting and investment decisions. Despite registering the shares for potential sale, Trump has said he has “no plans” to offload any.
Bondi, a former Florida attorney general and Trump ally, was named to the top justice department role after the 2024 election. She had previously worked at Ballard Partners, a lobbying firm tied to several Trump ventures.
US attorney general Pam Bondi sold shares in Trump Media & Technology Group worth at least $1 million on April 2, the same day US President Donald Trump announced sweeping global tariffs, according to a government ethics disclosure, reported CBS News.
The transaction involved stock and warrants in Trump Media, the parent company of Truth Social, and was valued between $1 million and $5.5 million.
The sale came just hours before Trump dubbed April 2 “Liberation Day” and unveiled broad tariffs on foreign imports, a move that initially rattled the markets.
According to Newsweek, Bondi's disclosure form does not clarify whether the sale occurred before or after markets closed that day.
Bondi had pledged to divest her financial interest in Trump Media within 90 days of her confirmation as attorney general in February, as part of her ethics agreement with the office of government ethics.
The April 2 sale fell within that required window.
According to Bloomberg Law News, Bondi received the shares as compensation for consulting work tied to Trump Media’s debut on Wall Street through a blank-check merger. A December 2024 filing listed her stake at nearly $4 million.
The company’s stock, which once peaked at $52, closed at $26 per share on the day CBS obtained the filing.
Trump Media has faced financial headwinds. As per CBS News, the company posted a $400.9 million loss in 2024, with annual revenues falling 12% to $3.6 million. The firm attributed the drop to changes in a revenue-sharing deal with an unnamed advertising partner.
Earlier, Trump Media re-registered shares for sale, including 106,000 shares owned by Bondi.
Trump, who owns 53% of the company, transferred his holdings, worth an estimated $2.2 billion at current prices, to the Donald J Trump Revocable Trust in December.
His son, Donald Trump Jr, is the trust’s sole trustee and controls all voting and investment decisions. Despite registering the shares for potential sale, Trump has said he has “no plans” to offload any.
Bondi, a former Florida attorney general and Trump ally, was named to the top justice department role after the 2024 election. She had previously worked at Ballard Partners, a lobbying firm tied to several Trump ventures.
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