Trump Goons Secretly Trash His Sons’ Latest Grift
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Trump Goons Secretly Trash His Sons’ Latest Grift

The Daily Beast nation

Key Points:

  • Donald Trump Jr. and Eric Trump became financially involved in a major tungsten mining project in Kazakhstan shortly after the Trump administration helped secure a deal providing up to $1.6 billion in federal financing for the project.
  • The involvement of the Trump family and Commerce Secretary Howard Lutnick’s family in government-financed projects reportedly caused disappointment among some Trump administration officials.
  • The mining project, involving Kaz Resources, grants access to Kazakhstan’s tungsten reserves, a critical material for military applications, with Dominari Securities—partly owned by the Trump sons—taking a 20% stake soon after negotiations.
  • Cantor Fitzgerald, linked to Commerce Secretary Lutnick’s sons, helped raise $210 million for lead investors in the project, generating substantial fees for the firm, raising concerns about conflicts of interest.
  • Both Trump sons denied active management roles in the deal, while a White House spokesperson emphasized the administration’s focus on national security and reshoring critical supply chains amid allegations of benefiting from their father’s presidency.

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