New Lawsuit Alleges Trump Adviser Broke Law By Accepting Cash And Gifts From Foreign Entities
Court filings allege a Trump adviser took illicit foreign cash and gifts. New suits claim illegal emoluments from UAE-linked deals reached billions.
POLICY WIRE — Washington, D.C., United States — A recent court document raises serious allegations that a political adviser to the President accepted prohibited cash and luxury items from overseas parties.
The submission was filed by Derek Utley, a former business associate of Alex Bruesewitz, against the firm X Strategies.
Utley introduced these claims as a defensive measure in response to prior litigation accusing him of embezzling millions of dollars from their shared enterprise.
Separate legal actions further allege that President Donald Trump and World Liberty Financial engaged in corrupt financial activities involving over $2 billion in digital currency transactions.
These suits contend that the administration violated the foreign emoluments clause by securing more than $75.5 million after the President took office.
Funds reportedly originated from the sale of World Liberty Financial stock to an investment firm backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE national security adviser.
Addition allegedly illegal income came when a UAE government fund, also chaired by Tahnoon, used the USD1 stablecoin to pay for a $2 billion stake in the crypto exchange Binance.
Critics argue that when the full value of Trump’s digital assets is included, the total improperly derived profit could reach up to $9.7 billion.
According to the plaintiffs, as much as $600 million of this sum is directly attributable to foreign interests.
Reporting by Policy-Wire (PW)