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Trump DOJ Slammed for 'Desperate' Attempt at Retribution After Subpoenas for NY AG James
"Attorney General James took on Trump's fraud... and won," said New York City mayoral candidate Zohran Mamdani. "So it's little wonder that Trump's politicized DOJ is now coming after her."
Aug 08, 2025
A lawyer representing New York's top law enforcement official, Attorney General Letitia James, said Friday that the news of the Trump administration's investigation into James and her successful legal cases against President Donald Trump amounted to "the most blatant and desperate example" of the president's "political retribution campaign."
In recent days, The Washington Post reported Friday, the U.S. Department of Justice (DOJ) issued a subpoena to James as part of an investigation into whether the attorney general, a longtime adversary of Trump, violated the president's civil rights when she successfully sued him and his real estate business for fraud.
A second subpoena was related to James' litigation against the National Rifle Association, in which a New York jury found last year that former NRA CEO Wayne LaPierre and other executives had engaged in rampant corruption.
The civil rights statute that the Trump administration is reportedly using to investigate James' case against the president is typically used in cases related to law enforcement officers discriminating against or mistreating people based on race, religion, sex, or ethnicity. According to The New York Times, the DOJ is arguing that James used her law enforcement authority to deprive Trump of his rights.
James filed a civil fraud case against Trump and the Trump Organization in 2022 and won a $450 million judgment against the president in penalties plus interest. The interest the president owes has grown to half a billion dollars as he has refused to pay and has appealed the ruling.
New York Supreme Court Justice Arthur Engeron said that Trump and his company's executives were "incapable of admitting the error of their ways" regarding the "blatantly false financial data" they used to misrepresent of the value of their properties, which allowed them to get better loan and insurance rates.
The Democratic candidate in the New York City mayoral race, state Rep. Zohran Mamdani (D-36), expressed little surprise that Trump was apparently retaliating against the attorney general who won against him in court.
"Attorney General James took on Trump's fraud and the NRA's rampant corruption—and won both cases," said Mamdani. "So it's little wonder that Trump's politicized DOJ is now coming after her. The people of New York stand with their lawyer and champion."
The subpoenas were issued months after the DOJ appeared to try another tactic to punish James when it opened a criminal investigation into alleged mortgage fraud, accusing the attorney general of lying on loan documents for a home that she purchased in Virginia and saying the home would be her primary residence. James' attorneys have said the error was an honest mistake.
Dana Nessel, the Democratic attorney general of Michigan, came to James' defense on Friday and condemned "the depths to which Trump and his cronies will go to exact vengeance upon anyone who has dared to hold him accountable."
But the subpoenas, said Nessel, are not just a concern for James.
"Americans should know and understand how deeply compromised our federal law enforcement agencies are," she said. "If this can happen to AG James, it can happen to anyone."
Geoff Burgan, a spokesperson for James, agreed that "any weaponization of the justice system should disturb every American."
"We stand strongly behind our successful litigation against the Trump Organization and the National Rifle Association, and we will continue to stand up for New Yorkers' rights," said Burgan.
Abbe Lowell, the attorney general's lawyer, said that "weaponizing the Department of Justice to try to punish an elected official for doing her job is an attack on the rule of law and a dangerous escalation by this administration."
"If prosecutors carry out this improper tactic and are genuinely interested in the truth," said Lowell, "we are ready and waiting with facts and the law."
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Entities Behind Trump Crypto Coin Made Up to $100 Million in Trading Fees in Under 2 Weeks
"Trump and his cronies get rich while the little guy gets fucked," said one critic.
Feb 03, 2025
Reuters reported Monday that the entities behind U.S. President Donald Trump's cryptocurrency token "generated between $86 million and $100 million in trading fees" from the mid-January launch to the end of the month, sparking a fresh flood of criticism and accusations of grift.
Trump announced the $TRUMP meme coin on the Friday night of the first-ever Crypto Ball in Washington, D.C., ahead of his Monday inauguration. Its market value swiftly soared that weekend, but has since dropped dramatically. Reuters had Chainalysis, Merkle Science, and a third blockchain analytics firm whose founder requested that it not be identified review the blockchain, a public ledger that shows transactions involving the coin.
Merkle Science estimated that three crypto wallets earned $86 million in trading fees from January 17 to January 30, while Chainalysis put it at about $94 million for the same period. The third firm found that by January 29, it was roughly $100 million.
According to Reuters:
One of the entities behind the crypto coin is a company owned by Trump, called CIC Digital. The official website for $TRUMP says CIC Digital will "receive trading revenue derived from trading activities" of the meme coin. Reuters could not determine what portion of the fees so far, if any, had accrued to Trump personally, nor the ownership of the other entities behind the coin.
The creators of the meme coin receive a share of the trading fees from Meteora, a little-known crypto exchange where the $TRUMP coins were first sold, the blockchain analyses showed.
At least 50 of the largest investors in the coin have made profits in excess of $10 million each on the $Trump coin, according to Chainalysis. At the same time, some 200,000 crypto wallets, most with small holdings, lost money on $Trump on the exchange, it said.
Responding to the reporting on the social media platform Bluesky, an account called Trumpflation Tracker declared that "Trump and his cronies get rich while the little guy gets fucked, same story different year."
Software engineer Jonathan McHugh similarly said, "His entire life is one giant grift, most often of people who can least afford it."
Rodrigo Fernandez, a senior researcher at the Amsterdam-based Center for Research on Multinational Corporations (SOMO), said that "the conflict of interest if obvious—but he managed to flood the zone to such an extend that this detail will go unnoticed."
The White House did not address Reuters' questions about the trading fees; instead, it sent a fact sheet about Trump's executive order on digital financial technology. The news agency noted that the president "has pledged to put his assets in a trust managed by his children on entering the White House" and his son Eric Trump did respond on behalf of the Trump Organization.
Eric Trump told Reuters that he is proud of what "we continue to accomplish in crypto. $TRUMP is currently the hottest digital meme on Earth." Echoing his previous comments on the coin, the president's son added that "we are just getting started."
Late last month, former U.S. Treasury Secretary Robert Reich wrote about the $TRUMP coin—as well as the first lady's $MELANIA coin that soon followed—and tied both to the president's related executive order "protecting and promoting" the crypto industry.
"In effect, Trump is writing the rules for a business venture from which he and his family are personally profiting. It could earn them hundreds of billions of dollars," he stressed. "The real significance of such blatant profiteering off the highest office in the land is what it reveals—not just about Trump but about the entire oligarchic enterprise he fronts for. It is likely to contribute to a vast wave of public alarm and disgust."
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Crypto Billionaire Trump Already 'Cashing In On the Presidency' With Meme Coin
"We now have a president-elect who, the weekend before inauguration, is launching new businesses along with promises to deregulate... those sectors in a way to just blatantly profit off his own presidency."
Jan 19, 2025
U.S. President-elect Donald Trump faced a flood of criticism throughout the weekend for launching a cryptocurrency token as the world prepared for his Monday inauguration and policies expected to benefit the industry that helped Republicans take control of the White House and Congress.
"It is literally cashing in on the presidency—creating a financial instrument so people can transfer money to the president's family in connection with his office," Campaign Legal Center executive director Adav Noti told The New York Times. "It is beyond unprecedented."
Jordan Libowitz, vice president for communications at Citizens for Responsibility and Ethics in Washington, also contrasted Trump's move with behaviors of past presidents, telling Politico, "It is absolutely wild."
"After decades of seeing presidents-elect spend the time leading up to inauguration separating themselves from their finances to show that they don't have any conflicts of interest, we now have a president-elect who, the weekend before inauguration, is launching new businesses along with promises to deregulate... those sectors in a way to just blatantly profit off his own presidency," said Libowitz.
The president-elected announced the $TRUMP meme coin, hosted on the Solana blockchain, via his Truth social media platform and X—owned by Elon Musk, his ally and the richest person on the planet—on Friday, declaring that "it's time to celebrate everything we stand for: WINNING!"
He linked to a website that explains "there are 200 million $TRUMP available on day one and will grow to a total of 1 billion $TRUMP over three years." It also states that "Trump Memes are intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol '$TRUMP' and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type."
Forbes reported that "the remaining 80% of tokens that have yet to be publicly released are owned by the Trump Organization affiliate CIC Digital LLC and Fight Fight Fight LLC, a company formed in Delaware on January 7, according to state filings, and both companies will receive an undisclosed amount of revenue derived from trading activity."
The president-elect's son Eric Trump, who helps run Trump Organization, told the Times that "this is just the beginning."
"I am extremely proud of what we continue to accomplish in crypto," he said in a statement. "$TRUMP is currently the hottest digital meme on Earth."
In an article simply headlined, "Donald Trump, crypto billionaire," Axios noted that by Sunday morning, "Trump's crypto holdings were worth as much as $58 billion on paper, enough—with his other assets—to make him one of the world's 25 richest people."
Responding to Axios' report, Wa'el Alzayat, who served as a Middle East policy expert at the U.S. Department of State for a decade, said that "when I was in government I couldn't accept a lunch over $20. Now anyone can give our next president millions."
Predicting that "this is going to end VERY badly for everyone except Donald Trump and his cronies," journalist Jeff St. John said that "it is a scandal and an outrage."
The meme coin announcement came as "the elite of the crypto world" gathered in Washington, D.C. for the first-ever Crypto Ball.
The president-elect did not attend the event, but House Speaker Mike Johnson (R-La.) and the nominees for commerce and treasury secretary, Howard Lutnick and Scott Bessent, were there. Reporting on the gala, Reuters pointed out that the Trump "courted crypto campaign cash with promises to be a 'crypto president,' and is expected next week to issue executive orders aimed at reducing crypto regulatory roadblocks and promoting widespread adoption of digital assets."
Trump is no stranger to ethics scandals. As Mother Jones detailed:
The meme coin is just the latest in a bizarre line of grifty, super-weird takes on "merch." Last February, Trump showed off gold "Never Surrender High-Tops" for $399 at Sneaker Con, which had Fox News applauding his appeal to Black voters. In March, he began endorsing the $59.99 "God Bless the USA Bible," which includes the Constitution, the Bill of Rights, and handwritten lyrics to the chorus of Lee Greenwood's "God Bless the USA." (Trump's inaugural committee has confirmed that he will not be using one of these Bibles to swear the presidential oath of office on Monday.) In August, Trump released a new round of his "baseball card" NFTs.
S.V. Dáte, a senior White House correspondent at HuffPost, highlighted Sunday that during the Republican's first term, "Trump's D.C. hotel was a convenient way for foreign and domestic lobbyists to put cash directly into his pocket."
"This crypto thing is next level. Anyone on the planet can put money directly into his pocket. Huge," Dáte added. "The efficiency here is a thing of beauty. With a hotel, you have all the costs of owning the property as well as paying cleaning staff, front desk staff, and so on. This selling of fake money is almost pure profit."
The Trump Organization sold the D.C. hotel in 2022, but The Wall Street Journal reported earlier this month that his "real estate company is in talks to reclaim" the property.
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