Trump bought Dell stock months before Pentagon awarded Dell $9.7 billion contract
By
Dave Jamieson
2d ago· 5 min readenNews
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Summary
President Donald Trump purchased between $1 million and $5 million worth of Dell Technologies stock in February, months before the Pentagon awarded Dell a $9.7 billion contract. The stock purchase was disclosed in Trump's periodic financial transaction report but only became public later. This raises concerns about potential conflicts of interest, as Trump also publicly hyped Dell after his investment.
Key quotes
· 3 pulledPresident Donald Trump bought a load of Dell Technologies stock just months before the computer maker received a massive Pentagon contract, in yet another example of how the president can benefit financially from his work in the White House.
The Defense Department announced Wednesday that Dell had won a $9.7 billion, five-year contract to provide software to the military.
Back on Feb. 10, Trump purchased somewhere between $1 million and $5 million worth of Dell stock, according to his periodic financial transaction report.
The president was hyping Dell in public speeches not long after he invested somewhere between $1 million and $5 million in the tech company.
