Trump's $1M+ Dell Stock Purchase Draws Scrutiny After Pentagon Awards $9.7B Contract to Company
By
Eric Lipton
3d ago· 2 min readenNews
70/100
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Summary
President Trump purchased over $1 million in Dell Technologies stock earlier this year, which is now drawing scrutiny after the Pentagon announced a $9.7 billion defense contract with Dell. The president's family claims his stock purchases are automatically timed, but the timing of these acquisitions raises ethical questions. Additionally, Michael and Susan Dell pledged $6.25 billion to launch the "Trump accounts" program, which creates tax-benefited investment savings accounts for American children.
Key quotes
· 3 pulledThe president's family says his stock purchases are automatically timed, but recent acquisitions of the computer company's shares raise questions.
President Trump earlier this year purchased more than $1 million in the stock of Dell Technologies, a transaction that is drawing scrutiny after the Pentagon this week announced a $9.7 billion defense contract.
Michael and Susan Dell pledged in December to donate $6.25 billion to kick off the 'Trump accounts' program that creates special investment savings accounts with tax benefits for American children.
The president’s family says his stock purchases are automatically timed, but recent acquisitions of the computer company’s shares raise questions.
