Rep. Jamie Raskin, Ranking Member of the House Judiciary Committee, released a comprehensive staff report revealing that President Donald Trump and his family earned more than $800 million from cryptocurrency ventures in the first half of 2025 alone, with total crypto holdings valued at up to $11.6 …
Jamie RaskinDonald TrumpTrump OrganizationTrump FamilyPaul Atkins+21 morecryptocurrencycorruptionself-dealingforeign-influenceemoluments+13 more
Treasury Secretary Scott Bessent announced a $20 billion rescue package for Argentina’s president Javier Milei, including currency swap agreements, direct peso purchases (only the fourth time since 1996 the U.S. bought another country’s currency), and Treasury bond purchases. The bailout …
Scott BessentDonald TrumpJavier MileiRob CitroneTreasury Departmentcorruptionconflicts-of-interestforeign-policycronyismfinancial-fraud
Senate Finance Committee Ranking Member Ron Wyden pressed Treasury Secretary Scott Bessent to release Epstein-related banking records covering at least $1.5 billion in suspicious transactions between 2003 and 2019. The Treasury files include suspicious activity reports detailing over 4,700 wire …
Ron WydenScott BessentTreasury DepartmentSenate Finance CommitteeJeffrey Epsteinobstruction-of-justiceinstitutional-captureelite-impunityfinancial-corruption
A comprehensive Senate Finance Committee investigation led by Senator Ron Wyden uncovered massive financial evidence demonstrating Jeffrey Epstein’s complex international money laundering and trafficking operations. The Treasury Department’s analysis revealed over 4,725 wire transfers …
Senate Finance CommitteeRon WydenTreasury DepartmentJeffrey EpsteinRussian banks+3 morejeffrey-epsteinrussian-oligarchsmoney-launderinghuman-traffickingsenate-investigation+4 more
President Trump signed an executive order establishing a Strategic Bitcoin Reserve, committing the U.S. government to stockpile Bitcoin, Ether, XRP, Solana, and Cardano. The reserve will be capitalized through forfeited assets and aims to position the U.S. as a global leader in cryptocurrency …
Donald TrumpTrump AdministrationTreasury DepartmentU.S. Department of Commercecryptostrategic-reservedigital-assetstrump-administration
Treasury Department records obtained by Senator Ron Wyden reveal 4,725 wire transfers totaling $1.1 billion through Epstein’s account, with hundreds of millions flowing through sanctioned Russian banks. The transfers were correlated to the movement of women and girls from Russia, Belarus, …
Secretary of State Antony Blinken announced on September 13, 2024 that the State Department was revealing declassified U.S. intelligence findings showing RT (Russia Today) has evolved into a full-scale Russian intelligence operation. The key revelation was that in Spring 2023, the Russian government …
State DepartmentAntony BlinkenRT (Russia Today)Treasury DepartmentRussian Intelligence Servicesrt-intelligencerussian-operationscyber-capabilitiesstate-departmentsanctions+1 more
The U.S. Treasury Department published its first-ever comprehensive risk assessment of NFTs for illicit finance, determining that bad actors can exploit NFT platforms for money laundering, terrorist financing, and proliferation financing. The report highlights techniques including overpaying for …
Treasury DepartmentFinCENnftmoney-launderingtreasuryrisk-assessmentfinancial-crimes+2 more
The US Treasury Department’s Office of Foreign Assets Control (OFAC) designates two individuals and five entities associated with the Intellexa Consortium for developing commercial spyware used to target Americans, including US government officials, journalists, and policy experts. Key …
Treasury DepartmentOffice of Foreign Assets ControlTal Jonathan DilianSara Aleksandra Fayssal HamouIntellexa Consortium+1 moretreasury-departmentofacintellexatal-dilianspyware-sanctions+1 more
The US Commerce Department adds surveillance technology vendors Intellexa and Cytrox to the Entity List for “trafficking in cyber exploits used to gain access to information systems, threatening the privacy and security of individuals and organizations worldwide.” Specific entities …
US Commerce DepartmentBureau of Industry and SecurityIntellexa S.A.Cytrox Holdings CrtIntellexa Limited+4 moreintellexacytroxus-sanctionsentity-listcyber-exploits+5 more
The House Ways and Means Committee released six years of former President Donald Trump’s tax returns (2015-2020), ending a four-year legal battle and providing unprecedented public access to a sitting president’s financial records. The release followed the committee’s December 20, …
House Ways and Means CommitteeRichard NealDonald TrumpIRSTreasury Departmenttax fraudcongressional oversighttrump tax returnsirs audit failureforeign bank accounts
The Paycheck Protection Program launched with $800 billion in forgivable loans to support small businesses during COVID-19, but rushed implementation with minimal verification created “the biggest fraud in a generation.” SBA Inspector General estimates $200+ billion in fraudulent loans - …
Small Business AdministrationTreasury DepartmentCongressfraudcorruptionsystematic-corruptionregulatory-failurewealth-inequality
On September 16, 2008, just one day after allowing Lehman Brothers to file for bankruptcy, the Federal Reserve provided an $85 billion two-year emergency loan to American International Group (AIG) to prevent the insurance giant’s collapse and contain spreading financial contagion. In exchange …
American International GroupFederal ReserveBen BernankeTimothy GeithnerHenry Paulson+2 morefinancial-crisisbailouttoo-big-to-failregulatory-captureexecutive-compensation+1 more
Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy protection on September 15, 2008, declaring $639 billion in assets and $613 billion in debts, making it the largest bankruptcy filing in U.S. history. The firm’s assets far surpassed those of previous bankrupt giants including …
Treasury Secretary Henry Paulson announces that Fannie Mae and Freddie Mac, the government-sponsored enterprises backing $5 trillion in home mortgages, will be placed into conservatorship under the newly created Federal Housing Finance Agency. The seizure represents the largest government …
Robert Rubin joins Citigroup just four months after leaving his position as Treasury Secretary, shortly after the November 1999 passage of the Gramm-Leach-Bliley Act that repealed Glass-Steagall. Rubin’s move to Citigroup - the principal beneficiary of Glass-Steagall repeal - represents one of …
Robert RubinCitigroupSandy WeillGoldman SachsTreasury Departmentrevolving-doorcitigroupglass-steagallcorruptionregulatory-capture+2 more
South Korea finalizes comprehensive economic reforms mandated by the IMF, including massive corporate restructuring, labor market deregulation, and opening financial markets to foreign investment. The reforms fundamentally transformed South Korea’s economic model through key changes: financial …
IMFWorld BankSouth Korean GovernmentChaebol CorporationsTreasury Departmentasian-financial-crisisstructural-adjustmenteconomic-shockcorporate-transformationimf-intervention+1 more
The IMF announces a $40 billion rescue package for Indonesia with unprecedented conditions: mandatory privatization of state-owned enterprises, elimination of subsidies, and comprehensive financial sector deregulation. These conditions effectively transfer economic control from local Indonesian …
On October 22, 1986, President Ronald Reagan signed the Tax Reform Act of 1986 (TRA86) into law, implementing the most dramatic restructuring of the federal tax code since World War II. The legislation reduced the number of individual income tax brackets from 16 to just 2, slashing the top marginal …
Ronald ReaganDan RostenkowskiBob PackwoodBill BradleyJack Kemp+2 moretax-policyreagan-administrationsupply-side-economicswealth-transfercorporate-corruption+3 more
The Office of Alien Property Custodian seizes the assets of Union Banking Corporation (UBC) in New York on October 20, 1942, under the Trading with the Enemy Act. Among the bank’s directors is Prescott Bush, father and grandfather of two future presidents, whose firm Brown Brothers Harriman …
Congress passes the Excess Profits Tax Act on October 8, 1940, establishing graduated taxes on corporate profits exceeding pre-war averages. While ostensibly designed to prevent war profiteering and ensure shared sacrifice, the legislation contains numerous loopholes secured through corporate …
CongressFranklin D. RooseveltTreasury DepartmentNational Association of ManufacturersU.S. Chamber of Commercewar-profiteeringtax-policycorporate-influenceregulatory-captureloopholes
On May 10, 1875, Treasury Secretary Benjamin H. Bristow conducted coordinated raids across the nation that exposed the Whiskey Ring—a massive conspiracy involving whiskey distillers, Treasury Department officials, and politicians who had been systematically defrauding the federal government of tax …
Benjamin H. BristowOrville BabcockUlysses S. GrantTreasury DepartmentWhiskey Distillerssystematic-corruptiontax-evasioninstitutional-captureexecutive-branch-corruption
Throughout the Civil War, the Treasury Department’s cotton permit system—requiring federal authorization to purchase cotton in Confederate states—becomes a cesspool of corruption, particularly in the Mississippi Valley. Francis Preston Blair charges that Treasury Secretary Salmon P. Chase …
Treasury DepartmentCharles DanaAbraham LincolnSalmon P. ChaseFrancis Preston Blair+1 morecotton-tradetreasury-corruptionwar-profiteeringtrading-with-enemypermits