Pam Bondi Sells Over $1 Million in Trump Media Shares on Tariff Announcement Day

Politics

Pam Bondi Sells Over $1 Million in Trump Media Shares on Tariff Announcement Day

6 months ago

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Pam Bondi Sells Over $1 Million in Trump Media Shares on Tariff Announcement Day

Credited from: NEWSWEEK

Pam Bondi sold between $1 million and $5.5 million in Trump Media shares on April 2.
The sale coincided with President Trump's announcement of sweeping tariffs.
Stock prices dropped significantly after the announcement; Bondi's sale attracted scrutiny.

Pam Bondi, the Attorney General, sold over $1 million in shares from Trump Media on April 2, the same day President Donald Trump announced substantial tariffs, referred to as "Liberation Day." Financial disclosures reveal that her holding in the company was valued between $1 million and $5.5 million at the time of sale, triggering concerns regarding the timing of the transaction, particularly as stock prices fell following the tariff announcement, according to CBS News and Newsweek.

The disclosures do not specify whether Bondi's shares were sold before or after markets closed on the day of the announcement. This sale was a part of her ethics agreement, which required her to divest her interests in Trump Media within 90 days of her confirmation as Attorney General, as reported by India Times and Business Insider.

Critics have raised allegations suggesting that Bondi may have benefited from insider knowledge regarding the tariffs, though substantial evidence has yet to surface. Stock prices for Trump Media fell by approximately 13% in the days following the announcement, leading to increased calls for an investigation into her financial dealings, according to CBS News and Business Insider.