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Firm tied to Trump’s social media alleges ex-partner siphoned off millions
The complaint says Utley spent $29 million in company money on gambling in 2025 and used funds for luxury goods and personal investments.
- X Strategies, a social media firm for President Donald Trump, filed a lawsuit on Friday in U.S. District Court in West Palm Beach, Florida, accusing former CFO Derek Utley of embezzling at least $5 million.
- Co-Founded by Utley and Alex Bruesewitz in 2017, the firm gave Utley exclusive access to bank accounts and financial records, enabling him to allegedly embezzle funds until an internal review uncovered discrepancies earlier this year.
- The lawsuit alleges Utley gambled $29 million on slots at a single casino in 2025, resulting in a $3 million net loss, while also funding luxury cars, designer goods, and a Miami fitness studio.
- Utley resigned his executive positions on April 3, but was later fired for allegedly falsifying medical records to secure paid leave; he has since disputed the embezzlement claims and will address them in court.
- Firm president Michael Seifert uncovered the thefts, leading to the suit that also names Utley's former girlfriend, Anna Weisheimer, as a co-defendant accused of laundering funds through her Miami fitness studio.
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The IndependentReposted by 
The Independent (US)
The Independent (US)Firm behind Trump social media accounts sues co-founder over $3m in gambling losses
Derek Utley, formerly the chair and CFO of X Strategies, is accused of funding a lavish lifestyle and fueling a gambling addiction with money embezzled from the company
·London, United Kingdom
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X Strategies sues former partner Derek Utley, alleging $5 million theft and millions gambled at South Florida casino
X Strategies LLC, the Palm Beach County social media firm led by close Trump adviser Alex Bruesewitz, has sued its former chairman and chief financial officer, Derek Utley, accusing him of embezzling at least $5 million and running tens of millions of company dollars through slot machines at a South Florida casino.
Firm behind Trump social accounts sues ex-partner ...
·Arlington County, United States
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Total News Sources6
Leaning Left4Leaning Right1Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 17%
R 16%
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