Trump Organization
Coverage of Trump Organization in the Nexus archive.
- Blanche nomination for attorney general advanced by US Senate panel on party-line vote
The U.S. Senate Judiciary Committee advanced Todd Blanche’s nomination for attorney general on a party-line vote after two Republican senators, John Cornyn and Thom Tillis, supported it following Blanche’s promise that President Donald Trump’s $1.8 billion 'anti-weaponization' fund is rescinded. The 12-10 vote required an agreement with Justice Department officials on an interpretive guidance document reaffirming Blanche’s testimony that tax audit immunity for Trump and his organization is limited to a dropped lawsuit.
- The Needle: Free DC Marks One Year of Occupation, ICE Is Force-Feeding Hunger Strikers, More Than 300 Trump Org Accounts Were Closed for Money-Laundering Concerns, and More
Free DC is commemorating one year of federal occupation in Washington D.C. with events highlighting local resistance and federal overreach. ICE has been force-feeding hunger strikers in detention facilities, and over 300 Trump Organization accounts were closed due to money-laundering concerns. The Kennedy Center temporarily suspended tours for maintenance, and the People’s Bill of Rights 250 initiative is crowdsourcing constitutional reforms.
- The Latest: Senate panel advances Blanche nomination for attorney general
Todd Blanche’s nomination for attorney general cleared a Senate Judiciary Committee hurdle after rescinding a $1.8 billion fund for Trump allies but retaining audit immunity protections for Trump and his organization. Attacks in the Gulf region continued, including a cargo ship hit near Hormuz and a Houthi drone strike in Saudi Arabia.
- Todd Blanche's nomination for attorney general clears critical hurdle after deal with GOP holdouts
Todd Blanche's nomination for attorney general advanced after reaching a deal with Republican senators opposing it over concerns about a $1.8 billion fund for Trump allies and tax audit immunity. The Senate Judiciary Committee voted 12-10 to send his nomination to the floor, with Blanche confirming the fund was not active and clarifying tax immunity terms.
- Capital One: Trump Organization accounts were closed after money laundering review
Capital One closed Trump Organization accounts following a money laundering review. The closures resulted from months of analysis by Capital One’s anti-money laundering team in accordance with bank policies and regulatory guidance.
- The Latest: Blanche's assertion of Trump tax audit immunity remains in place
Todd Blanche rescinded a $1.8 billion fund for Trump's allies but maintained audit immunity for Trump and his organization. Trump criticized a dropped charge against a former Olympian, discussed Iran negotiations, and planned a California visit to highlight economic contrasts with Democrats. Twenty-five states sued over new tariffs, claiming they replace invalidated import taxes.
- The Latest: Blanche's assertion of Trump tax audit immunity remains in place
Todd Blanche rescinded a $1.8 billion fund for political allies of President Donald Trump but maintained a tax audit immunity plan for Trump, his sons, and the Trump Organization. Trump criticized U.S. Attorney Jeanine Pirro for dropping charges against a former Olympian and discussed Iran negotiations. Trump's California visit aimed to contrast with Governor Gavin Newsom's policies, including a higher minimum wage, while 25 states sued over new tariffs.
- As Blanche's path to confirmation is cleared, Trump's tax audit immunity remains in place
Todd Blanche rescinded a $1.8 billion fund for Trump's political allies but retained audit immunity protections for Trump, his sons, and the Trump Organization. The immunity deal, part of a $10 billion lawsuit settlement against the IRS, limits future tax examinations but excludes broader protections, sparking bipartisan criticism and legal concerns.
- As Blanche's path to confirmation is cleared, Trump's tax audit immunity remains in place
Todd Blanche rescinded a $1.8 billion fund to compensate Trump's allies but retained a tax audit immunity agreement for Trump, his sons, and the Trump Organization. The revised deal limits the scope of audit protections but could still erase millions in back taxes, drawing bipartisan criticism and legal concerns.
- Blanche kills Trump fund but leaves legal loose ends
Acting Attorney General Todd Blanche rescinded the order establishing President Trump's $1.776 billion 'anti-weaponization' fund to resolve a Republican blockade of his confirmation. The fund originated from a May settlement involving Trump's lawsuit against the IRS over tax records, which included an apology and protections for Trump and his family. The settlement's terms remain unresolved, requiring a written agreement for changes, and Trump has threatened to revive the fund if confirmed.
- Capital One says it closed Trump Organization accounts over money-laundering concerns
Capital One closed Trump Organization accounts over money-laundering concerns and is seeking to dismiss a lawsuit by arguing that an internal review, not the Jan. 6 riot, led to the account closures in 2021.
- Capital One cites anti-money laundering concerns in Trump Organization case
Capital One stated that closures of Trump Organization accounts in 2021 followed a review by its anti-money-laundering team. The bank cited anti-money laundering concerns as the reason for the account closures.
- Capital One cites money laundering probe to justify closure of Trump Organization bank accounts
Capital One Financial closed over 300 Trump-affiliated bank accounts in 2021 following an anti-money laundering review. The Trump Organization's lawyers claimed the closures were politically motivated. The disclosure is the first time a bank has formally linked money laundering concerns to the Trump family business.
- Capital One says it closed Trump Organization’s accounts after anti-money-laundering review
Capital One Financial closed the Trump Organization’s bank accounts after an anti-money-laundering review, marking the first time a bank has formally linked money-laundering concerns to Donald Trump’s business. The bank is seeking to dismiss a lawsuit by denying claims of illegally debanking the Trump Organization.
- Capital One says it closed Trump Organization’s accounts after anti-money-laundering review
Capital One Financial closed the Trump Organization’s bank accounts after an anti-money-laundering review, marking the first time a bank has formally linked money-laundering concerns to Donald Trump’s family business. The bank is defending against a lawsuit by arguing the closure was not illegal debanking.
- Grassley postpones vote in US Senate panel on Blanche nomination for AG
The Senate Judiciary Committee postponed a vote on Todd Blanche’s nomination as Attorney General after Republican senators John Cornyn and Thom Tillis demanded written assurances from the Department of Justice regarding a tax settlement with President Donald Trump and his organization. The senators expressed dissatisfaction with Blanche’s handling of the 'anti-weaponization' fund and the tax immunity deal, which absolved Trump, his sons, and the Trump Organization from future tax enforcement in the matter.
- Blanche nomination for AG up in the air as vote nears in US Senate panel
Todd Blanche's nomination as U.S. Attorney General faces uncertainty as Republican senators John Cornyn and Thom Tillis remain dissatisfied with his handling of a tax settlement with President Donald Trump and an 'anti-weaponization' fund. A scheduled meeting between Blanche and Cornyn was canceled due to unresolved concerns over documentation, delaying a Senate Judiciary Committee vote.
- Blanche nomination for AG up in the air as vote nears in US Senate panel
Acting Attorney General Todd Blanche’s nomination faces uncertainty as Republican senators John Cornyn and Thom Tillis remain dissatisfied with his handling of a tax immunity deal involving President Trump and the Trump Organization. A scheduled meeting between Blanche and Cornyn was canceled due to unresolved concerns over documentation, and the Senate Judiciary Committee postponed a vote on his nomination.
- Blanche nomination for AG up in the air as vote nears in US Senate panel
Acting Attorney General Todd Blanche's nomination to be U.S. Attorney General is stalled as Republican senators John Cornyn and Thom Tillis remain dissatisfied with his handling of a tax immunity deal for President Trump and his organization and the 'anti-weaponization' fund. A scheduled meeting between Blanche and Cornyn was canceled due to unresolved documentation concerns, and the Senate Judiciary Committee has postponed the nomination vote.
- The Saudis Learn the Truth About Trump
A U.S.-Saudi nuclear agreement allowing uranium enrichment was signed in July 2024, but President Donald Trump later claimed the deal excluded enrichment and required Saudi recognition of Israel, creating confusion. Saudi Arabia had invested in Trump's family businesses, expecting reciprocal support, but Trump's contradictory statements left the deal's future uncertain.
- Judge blasts Trump for using the presidency to ‘manipulate’ courts in IRS case
A federal judge ruled President Donald Trump acted in bad faith by dropping a $10 billion IRS lawsuit and directing a $1.776 billion 'anti-weaponization' fund. The judge prohibited Trump, his sons, and the Trump Organization from citing the settlement in future proceedings and barred two of their attorneys from the Southern District of Florida for at least one year.
- Judge blasts Trump for using the presidency to ‘manipulate’ courts in IRS case
A federal judge ruled that President Donald Trump acted in bad faith by dropping a $10 billion IRS tax return lawsuit and directing a $1.8 billion 'anti-weaponization' fund, accusing him of using the presidency to manipulate courts. The judge prohibited Trump, his sons, and the Trump Organization from citing the settlement in future proceedings and barred their attorneys from applying to the Southern District of Florida for at least one year.
- Judge blasts Trump for using the presidency to ‘manipulate’ courts in IRS case
A federal judge ruled that President Donald Trump acted in bad faith by dropping a $10 billion IRS tax return lawsuit and directing the creation of a $1.776 billion 'anti-weaponization' fund. The judge prohibited the Trumps and their organization from referencing the settlement and ordered reimbursement of court-appointed attorney fees.
- Judge blasts Trump for using the presidency to ‘manipulate’ courts in IRS lawsuit
Federal Judge Kathleen Williams ruled President Donald Trump and his associates acted in bad faith by dropping a $10 billion IRS lawsuit and creating a $1.776 billion 'anti-weaponization' fund, which the judge accused them of using to manipulate judicial processes for personal and familial benefits. The court prohibited Trump, his sons, and the Trump Organization from citing the settlement in future proceedings and barred their attorneys from applying to the Southern District of Florida for at least one year.
- Judge blasts Trump for using the presidency to ‘manipulate’ courts in IRS case
A federal judge ruled that President Donald Trump acted in bad faith by dropping a tax return lawsuit and directing a $1.8 billion fund creation, accusing him of manipulating the judicial process for personal benefit. The settlement absolved Trump, his sons, and the Trump Organization from government prosecution, while the judge prohibited them from citing the agreement in future proceedings.
- Obama-appointed judge torches Trump admin in latest courtroom showdown, refers attorney for Bar review
An Obama-appointed federal judge in Florida criticized President Donald Trump’s legal team for pursuing a $10 billion lawsuit against the IRS with an 'improper purpose' to legitimize a controversial Justice Department settlement. The judge referred Trump’s attorney Alejandro Brito to the Florida Bar for possible disciplinary action and highlighted concerns about the administration’s 'Anti-Weaponization Fund,' which Trump proposed to address government 'lawfare' but later abandoned due to backlash.
- Obama-appointed judge torches Trump admin in latest courtroom showdown, refers attorney for Bar review
An Obama-appointed federal judge dismissed a $10 billion lawsuit by President Donald Trump against the IRS, calling it brought for an 'improper purpose' to legitimize a controversial Justice Department settlement. The judge referred Trump's attorney, Alejandro Brito, to the Florida Bar for disciplinary review and criticized Acting Attorney General Todd Blanche for allegedly misleading testimony regarding a dismissed settlement agreement.
- Judge blasts Trump for using the presidency to ‘manipulate’ courts in IRS case
A federal judge ruled that President Donald Trump acted in bad faith by dropping a tax return lawsuit and directing a $1.776 billion 'anti-weaponization' fund, which she called an attempt to manipulate courts. The settlement, involving Trump, his sons, and the Trump Organization, prohibited them from using the agreement in future proceedings and subjected their attorneys to disciplinary review.
- Judge voids Trump’s $1.8 billion settlement with IRS
A Florida federal judge voided a $1.8 billion settlement agreement between President Donald Trump, the IRS, and his attorney general, accusing them of attempting to manipulate the judicial process and collude to secure immunity for Trump and his family. The judge criticized the settlement as an effort to create an 'anti-weaponization' fund and recommended sanctions against Trump's lead counsel.
- Judge blasts Trump for using the presidency to ‘manipulate’ courts in IRS case
A federal judge ruled that President Donald Trump acted in bad faith by dropping a $10 billion IRS lawsuit and directing a $1.776 billion 'anti-weaponization' fund, criticizing him for using the presidency to manipulate courts. The judge prohibited Trump, his sons, and the Trump Organization from citing the settlement in future proceedings and barred their attorneys from applying to a Florida federal court for a year.
- Judge says Trump’s IRS lawsuit was filed for ‘improper purpose'
A federal judge ruled that President Donald Trump's $10 billion IRS lawsuit over leaked tax returns was filed for an improper purpose, citing a lack of genuine adversarial relationship between the parties and bad faith intentions. The court found the case aimed to legitimize a settlement granting immunity to Trump affiliates and redirecting taxpayer funds, with the U.S. government dropping tax claims against Trump as part of the settlement.
- Florida's Palm Beach airport renamed President Donald J. Trump International
Palm Beach International Airport was renamed President Donald J. Trump International Airport, with the first arrival of Trump Force One and Eric Trump present. The name change, approved by Florida Gov. Ron DeSantis, will cost up to $5.5 million and transition the airport code from PBI to DJT by August 18. A bridge in Tennessee was also renamed Donald J. Trump Bridge, supported by local officials.
- South Florida’s Palm Beach airport renamed President Donald J. Trump International
South Florida’s Palm Beach International Airport was renamed President Donald J. Trump International Airport, with a name change taking effect on August 18. Florida Gov. Ron DeSantis signed legislation enabling the $5.5 million rebranding, and Trump’s son Eric attended the event. A bridge in Tennessee was also renamed the Donald J. Trump Bridge.
- South Florida's Palm Beach airport renamed President Donald J. Trump International
The Palm Beach International Airport in West Palm Beach, Florida, was renamed President Donald J. Trump International Airport, with a cost of up to $5.5 million for the rebranding. The Trump Organization's Boeing 757, 'Trump Force One,' was the first plane to arrive at the renamed airport, and the airport's three-letter code will change from PBI to DJT on August 18. A bridge in Dandridge, Tennessee, was also renamed the Donald J. Trump Bridge.
- Saudi sales offsets Gulf property slowdown for DarGlobal
DarGlobal's sales in Saudi Arabia and Spain are offsetting a Gulf property slowdown caused by the Iran war, with the company reporting strong demand for luxury residences in Jeddah and Riyadh. The developer, which partners with brands like Trump Organization and FENDI, is expanding its portfolio and plans to tokenize assets to improve liquidity.
- Trump’s 927-page disclosure is just a normal Tuesday for direct indexing and crypto wealth managers
President Donald Trump’s 927-page financial disclosure includes thousands of stock trades, over $1 billion in crypto income, and automated portfolio-management strategies managed by third-party institutions. Experts suggest the high volume of transactions aligns with direct indexing strategies, which are increasingly common in wealth management.
- States take aim at Trump’s IRS settlement
Twenty-three Democratic state attorneys general asked a federal judge to investigate President Donald Trump over a $10 billion lawsuit against the IRS and Treasury, alleging collusive misconduct to benefit Trump and his allies. Trump dropped the lawsuit in exchange for immunity from tax audits and a scrapped 'anti-weaponization fund,' which faced bipartisan criticism. A judge reopened the case after former judges called the settlement a 'fraud upon the court.'
- Trump phone has HTC guts. Tremendous guts. The best guts
The Trump Mobile T1 smartphone is an HTC U24 Pro with a gold finish and cosmetic modifications, assembled in Florida but designed and sourced in China. The device was delayed and marketed with claims of being 'built in the United States,' which iFixit's analysis contradicts.
- Treasury’s Bessent mum on Trump’s IRS immunity deal
Treasury Secretary Scott Bessent avoided answering questions during a Senate hearing about an IRS settlement with President Donald Trump, his family, and the Trump Organization, citing ongoing litigation. The settlement ended a lawsuit over the 2019 leak of Trump's tax returns and included a $1.8 billion 'anti-weaponization' fund.
- Treasury secretary dodges questions on whether Trump still has lifetime IRS audit immunity
Treasury Secretary Scott Bessent avoided answering questions during a Senate hearing about whether President Donald Trump, his family, and the Trump Organization retain IRS audit immunity following a settlement. The Treasury and IRS are involved in ongoing litigation related to a dropped lawsuit over Trump's 2019 tax return leak. The Justice Department's 'anti-weaponization' fund, part of the settlement, has failed to launch.