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Trump aide waited months to unload his TruthSocial stock. Then he sold hours before ‘Liberation Day' tanked the markets
Trump aide waited months to unload his TruthSocial stock. Then he sold hours before ‘Liberation Day' tanked the markets

The Independent

time11-07-2025

  • Business
  • The Independent

Trump aide waited months to unload his TruthSocial stock. Then he sold hours before ‘Liberation Day' tanked the markets

An aide to President Donald Trump sold up to $5 million worth of Trump Media stock the day before the 'Liberation Day' tariffs were announced. Dan Scavino, White House deputy chief of staff, sold stock worth between $1 million and $5 million on April 1, according to financial disclosure reports first obtained by USA Today. Trump Media is the parent company of Trump's TruthSocial social media platform. Scavino sold the day before the president officially announced reciprocal tariffs on U.S. trading partners. The announcement caused the markets to plummet and prompted Trump to put a 90-day pause on the tariffs on April 9, by which point the markets had slumped 12 percent. Stocks for Trump Media fell by about 11 percent. If government officials buy or sell stock worth more than $1,000, they are required to file disclosure reports. Scavino signed the financial disclosure report on May 20 after he received a 90-day filing extension, documents show. Sergio Gor, director of the White House Presidential Personnel Office, also sold Trump Media stock worth between $15,001 and $50,000 on March 27, a few days before the tariff announcement. The White House said the sales had 'nothing to do with the tariff announcement' when approached by The Independent. 'White House senior staff, including Deputy Chief of Staff Scavino and PPO Director Gor, fully comply with the executive branch ethics rules, attending required ethics briefings and complying with conflict of interest and financial reporting obligations,' spokesperson Taylor Rogers said. 'Gor's transaction had nothing to do with the tariff announcement,' Rogers added. 'In fact, he even took a loss from selling his stocks, which debunks any false narrative peddled by the fake news.' Gor also signed his disclosure report on May 20 after receiving a 90-day filing extension. Officials in the federal government and Congress are prohibited from trading stock based on nonpublic information, according to the 2023 Stop Trading on Congressional Knowledge Act. It's possible that trades by government officials prompted by information not available to the public could cross the bounds of the law. However, such cases against officials are complicated, and judges have recently narrowed the scope of what is unlawful insider trading, ProPublica noted. In the case of Trump's aides, watchdogs said the timing of the sale raises ethical questions. 'White House officials are supposed to avoid even the appearance of a conflict of interest, but owning or selling shares in the sitting president's media company does just the opposite,' Cynthia Brown, senior ethics counsel at the watchdog Citizens for Responsibility, told USA Today. 'These disclosures show that Trump's senior advisers' investments are tied into their boss' media company,' Brown continued. 'While that may not be prohibited by law by itself, when coupled with the extent to which Trump's media outlets are being integrated into the Administration's agenda, it begs the question of whether this is another mechanism for the President and his advisers to financially benefit personally from their government agenda.' Pam Bondi sold millions of dollars in shares in Trump Media the same day the tariffs were announced. According to Bondi's disclosure forms, she sold between $1 million and $5 million of shares in Trump Media on April 2, but the forms didn't state if the sales took place before or after the markets closed.

Trump's Vetting Official Hasn't Been Fully Vetted for His Own Security Clearance
Trump's Vetting Official Hasn't Been Fully Vetted for His Own Security Clearance

Yahoo

time21-06-2025

  • Politics
  • Yahoo

Trump's Vetting Official Hasn't Been Fully Vetted for His Own Security Clearance

President Donald Trump's man in charge of vetting staff has not yet been fully vetted himself for a security clearance five months into the second Trump administration. Sergio Gor is the director of the White House Office of Presidential Personnel. He is tasked with vetting thousands of executive branch employees. However, Gor has not yet submitted paperwork on his own background for a permanent clearance, according to a report from the New York Post which cited multiple sources. Gor's office is responsible for assessing candidates for approximately 4,000 political appointees including recruiting and screening candidates as well as dealing with security clearances and conflicts of interests. Some 1,600 of the positions require Senate confirmation. The powerful Trump aide has yet to turn in his Standard Form 86, or SF-86, the more than 100-page background investigation form required for a security clearance, three administration sources said. The extensive form covers citizenship, employment history, relatives, foreign contacts and travel, financial activities, drug use and more. Gor, 38, is reportedly from Malta. However, an official there could not confirm his birthplace, and Gor declined to provide it to the Post besides to say it was not Russia. Gor is a close MAGA ally of Trump and his son Don Jr. with whom he co-founded Winning Team Publishing in 2021. The top Trump aide also once worked as a booker for Fox News and as a spokesperson for Sen. Rand Paul. He also served as officiant and DJ at Matt Gaetz's wedding in 2021, according to Vanity Fair. While his work largely takes place behind the scenes at the White House, Gor made headlines earlier this month for being the person behind the move to withdraw Jared Isaacman's nomination to lead NASA and clashing with While he does not have a permanent security clearance, the Trump staffer does have an interim security clearance. Gor opposed the use of the SF-86 during the presidential transition and was concerned with Trump picks being weeded out by the 'deep state.' A source told the Post that he was 'actively working to convince everyone' that the form wasn't necessary and Trump could provide the clearance through executive authority. A White House official claimed Gor had completed the form and noted his interim clearance, which is given while background checks are completed. Press Secretary Karoline Leavitt accused the Post of 'engaging in baseless gossip.' White House counsel David Warrington also told the Post that Gor is 'fully compliant with all applicable ethical and legal security clearance is active, any insinuation he doesn't maintain a clearance is false.'

Musk Savages ‘Snake' Trump Aide as Their White House Feud Erupts
Musk Savages ‘Snake' Trump Aide as Their White House Feud Erupts

Yahoo

time21-06-2025

  • Business
  • Yahoo

Musk Savages ‘Snake' Trump Aide as Their White House Feud Erupts

Elon Musk publicly ripped into a top White House aide who fueled his falling out with President Donald Trump. Tensions had already been building between Musk and Trump before the SpaceX chief left the White House. Things got ugly, however, after Sergio Gor, the director of the presidential personnel office, encouraged Trump to rescind his nomination for Jared Isaacman—Musk's personal friend—to lead NASA. The New York Post revealed this week that even though Gor is in charge of vetting thousands of executive branch employees, he himself hasn't been fully vetted. Five months into the second Trump administration, he hasn't even submitted the paperwork for his own permanent security clearance. 'He's a snake,' Musk wrote on his social media platform X late Wednesday in response to the Post's report. According to the Post, Gor, 38, developed a grudge against Musk, 53, after the Tesla chief—who as head of the government cost-cutting task force DOGE was a de facto member of Trump's Cabinet—'humiliated' him in front of other Cabinet members for not staffing the administration quickly enough. 'Sergio was upset about Elon dressing him down at the meeting and said he was going to 'get him,'' a source told the paper. At the time, Musk and Trump were still on friendly terms, but Gor was openly gleeful whenever Tesla stock plunged, according to the report. After Musk's special government employee status expired, forcing him to leave the White House, Gor reportedly got his revenge on Musk by convincing Trump to pull Isaacman's nomination just days before the Senate was scheduled to vote on the appointment. The administration blamed the move on Isaacman's previous donations to Democrats, but the billionaire financial technology executive said he didn't think that was the real reason, considering his donation history had long been in the public domain. After the nomination was pulled, Musk—who poured more than $250 million into the president's re-election campaign—began publicly trying to tank the president's flagship 'big beautiful' budget bill. Surprisingly little is known about Gor, including his birthplace, according to the Post. He declined to tell the paper where he was born, except to say that it wasn't Russia. It's previously been reported that he was born in Malta, but an official there couldn't confirm that information, the paper said. Together with Donald Trump Jr., Gor co-founded a publishing company that published several of Trump's books following the end of President Trump's first term, according to the New York Times. In a statement to the Daily Beast, White House press secretary Karoline Leavitt said, 'Sergio Gor is a trusted adviser to President Trump and he has played a critical role in helping President Trump staff the most talented administration in history.' Gor's office is responsible for assessing candidates for about 4,000 political appointees, including handling security clearances and conflicts of interest. Gor, however, has yet to turn in Standard Form 86, the 100-page background investigation form required for a security clearance, according to the Post. The form covers citizenship, employment history, relatives, foreign contacts and travel, financial activities, drug use, and more. Despite three sources saying otherwise, a White House official claimed Gor had completed the SF-86 form and noted that he has an interim security clearance, which is given while background checks are completed. Leavitt accused the Post of 'engaging in baseless gossip.'

Elon Musk blames 'snake' White House aide for rift with Trump
Elon Musk blames 'snake' White House aide for rift with Trump

Daily Mail​

time20-06-2025

  • Business
  • Daily Mail​

Elon Musk blames 'snake' White House aide for rift with Trump

Elon Musk continued his feud with the Trump administration on his way out of Washington, referring to the director of presidential personnel as 'a snake.' Sergio Gor, who feuded with Musk during his time as head of DOGE and reportedly killed Musk's preferred nominee for NASA administrator, is accused of not being vetted before taking the job. The media saw it as the man in charge of vetting White House employees not being looked into himself, while Musk saw it in a different way, writing on X Wednesday night: 'He's a snake.' Musk's post remains up which is notable given the Tesla CEO has apologized for going 'too far' in his wild statements regarding Donald Trump during their falling out. When reached out to the White House, they defended Gor's (pictured) credentials and a White House official noted that he helped Musk get many of his preferred DOGE employees installed in Washington. 'Mr. Gor is fully compliant with all applicable ethical and legal obligations. His security clearance is active, any insinuation he doesn't maintain a clearance is false.' said White House Counsel David Warrington. Nonetheless, several prominent officials defended Gor's work in the second Trump administration. JD Vance added: 'Sergio has led the effort to ensure committed, principled America First advocates staff the President's government. He's done a great job, and will continue to do so. Sergio is a vital member of the team and he has helped President Trump put together an Administration that is second to none,' White House Communications Director Steven Cheung said. 'As a long-time advisor, there is nobody more capable of ensuring the government is staffed with people who are aligned with the mission to make America great again and work towards implementing the President's agenda.' White House Press Secretary Karoline Leavitt called The New York Post's original story 'sad' and 'baseless gossip' and called Gor a 'trusted advisor to President Trump.' Trump's surprise decision to change Musk's preferred pick to lead NASA may have done more to fuel the historic blowup between the two men than previously known. The president canceled his nomination of Jared Isaacman as NASA's administrator after Musk officially left the White House on Friday. Isaacman, a billionaire, pilot and astronaut, was close with Musk and even flew to space with Musk's Dragon program on Operation Polaris Dawn in 2024 . But he had a history of donating funds to Democrats, including recent Democratic candidates who ran against GOP senators Tim Sheehy of Montana and Bernie Moreno of Ohio in 2024. Despite his donations, Isaacman was approved by the Senate committee in April and was expected to get confirmed this week in the Senate. But Trump's advisor Gor reportedly delivered Trump a list of Isaacman's donations to Democrats. Gor did not appreciate Musk's involvement in personnel matters, the report noted, as they had a tense relationship. 'This was Sergio's out-the-door '[expletive] you' to Musk,' one White House official said. Trump and Musk spoke about Issacson's record prior to their press conference last Friday. Despite their conversation, Trump pulled Issacson's nomination on Saturday. 'After a thorough review of prior associations, I am hereby withdrawing the nomination of Jared Isaacman to head NASA,' Trump wrote on his Truth Social site. Musk responded to the news with disappointment 'It is rare to find someone so competent and good-hearted,' Musk wrote of Isaacman on X. The president mused Thursday that Musk's personal attacks might have been trigged by his decision. 'I know that disturbed him He wanted and rightfully recommended somebody that I guess he knew very well. I'm sure he respected him, to run NASA. But I didn't think it was appropriate. He happened to be a Democrat, like totally Democrat,' Trump said, adding that the administration had the right to nominate a Republican to the position. As the person in charge at the White House personnel office, Gor is a powerful aide that is rarely crossed as he influences who is allowed to work in the administration. Gor, a long-time loyal Deputy Chief of staff to Sen. Rand Paul, left in 2019 to serve as Chief of Staff to Trump Victory Finance Committee.

Elon Musk savages White House aide blamed for sinister move that led to First Buddy's fall out with Trump
Elon Musk savages White House aide blamed for sinister move that led to First Buddy's fall out with Trump

Daily Mail​

time20-06-2025

  • Business
  • Daily Mail​

Elon Musk savages White House aide blamed for sinister move that led to First Buddy's fall out with Trump

Elon Musk continued his feud with the Trump administration on his way out of Washington, referring to the director of presidential personnel as 'a snake.' Sergio Gor, who feuded with Musk during his time as head of DOGE and reportedly killed Musk's preferred nominee for NASA administrator, is accused of not being vetted before taking the job. The media saw it as the man in charge of vetting White House employees not being looked into himself, while Musk saw it in a different way, writing on X Wednesday night: 'He's a snake.' Musk's post remains up which is notable given the Tesla CEO has apologized for going 'too far' in his wild statements regarding Donald Trump during their falling out. When reached out to the White House, they defended Gor's credentials and a White House official noted that he helped Musk get many of his preferred DOGE employees installed in Washington. 'Mr. Gor is fully compliant with all applicable ethical and legal obligations. His security clearance is active, any insinuation he doesn't maintain a clearance is false.' said White House Counsel David Warrington. Nonetheless, several prominent officials defended Gor's work in the second Trump administration. JD Vance added: 'Sergio has led the effort to ensure committed, principled America First advocates staff the President's government. He's done a great job, and will continue to do so.' 'Sergio is a vital member of the team and he has helped President Trump put together an Administration that is second to none,' White House Communications Director Steven Cheung said. 'As a long-time advisor, there is nobody more capable of ensuring the government is staffed with people who are aligned with the mission to make America great again and work towards implementing the President's agenda.' White House Press Secretary Karoline Leavitt called The New York Post's original story 'sad' and 'baseless gossip' and called Gor a 'trusted advisor to President Trump.' Trump's surprise decision to change Musk's preferred pick to lead NASA may have done more to fuel the historic blowup between the two men than previously known. The president canceled his nomination of Jared Isaacman as NASA's administrator after Musk officially left the White House on Friday. Isaacman, a billionaire, pilot and astronaut, was close with Musk and even flew to space with Musk's Dragon program on Operation Polaris Dawn in 2024. But he had a history of donating funds to Democrats, including recent Democratic candidates who ran against GOP senators Tim Sheehy of Montana and Bernie Moreno of Ohio in 2024. Despite his donations, Isaacman was approved by the Senate committee in April and was expected to get confirmed this week in the Senate. But Trump's advisor Gor reportedly delivered Trump a list of Isaacman's donations to Democrats. Gor did not appreciate Musk's involvement in personnel matters, the report noted, as they had a tense relationship. 'This was Sergio's out-the-door 'f**k you' to Musk,' one White House official said. Trump and Musk spoke about Issacson's record prior to their press conference last Friday. Despite their conversation, Trump pulled Issacson's nomination on Saturday. 'After a thorough review of prior associations, I am hereby withdrawing the nomination of Jared Isaacman to head NASA,' Trump wrote on his Truth Social site. Musk responded to the news with disappointment 'It is rare to find someone so competent and good-hearted,' Musk wrote of Isaacman on X. The president mused Thursday that Musk's personal attacks might have been trigged by his decision. 'I know that disturbed him He wanted and rightfully recommended somebody that I guess he knew very well. I'm sure he respected him, to run NASA. But I didn't think it was appropriate. He happened to be a Democrat, like totally Democrat,' Trump said, adding that the administration had the right to nominate a Republican to the position. As the person in charge at the White House personnel office, Gor is a powerful aide that is rarely crossed as he influences who is allowed to work in the administration. Gor, a long-time loyal Deputy Chief of staff to Sen. Rand Paul, left in 2019 to serve as Chief of Staff to Trump Victory Finance Committee. He also is a close associate of Donald Trump Jr. and and officiated Rep. Matt Gaetz's wedding in August 2021. Gor also co-founded Trump Jr.'s publishing company and founded a pro-Trump super PAC in the 2024 election, spending nearly $72 million.

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