Trump bought as much as $5 million in Axon stock before ICE sought $220 million Taser deal
ICE later sought 17,800 Tasers and a $220 million contract that experts said matched Axon’s model, sending shares up more than 34% in a week.
- On February 10, President Donald Trump purchased between $1 million and $5 million in Axon Enterprise stock, two weeks before Immigration and Customs Enforcement sought a $220 million contract for Tasers that experts say appears tailored to the company's weapons.
- The ICE notice calls for "conductive-energy weapons" with specifications that procurement experts told CNBC match only Axon products, causing the company's stock to rise more than 34% in the week following the February 24 announcement.
- While critics argue the purchase raises conflict of interest concerns, a White House spokesperson stated Trump's assets are held in a trust managed by his children and independent third-party investment managers, not the president.
- The scrutiny arrives amid a broader debate over whether elected officials should profit from nonpublic information, though the STOCK Act prohibits insider trading and has historically faced weak enforcement with few legal consequences for politicians.
- Further questions have emerged following reports that the Trump administration negotiated a $1.6 billion tungsten deal with Kazakhstan, in which Donald Trump Jr. and Eric Trump secured a 20% ownership stake through their company.
15 Articles
15 Articles
Trump bought axon shares worth up to $5 million – just before the U.S. immigration agency examined a $220 million deal for Taser.
In his federal statement, Donald Trump, president of the United States, revealed that he had purchased shares of Axon Enterprise, a company that manufactures weapons.Two weeks after the transaction, the Immigration and Customs Control Service (ICE) published a request for information for a possible purchase of Taser devices for $220 million.The potential conflict of interest with Taser's purchase for ICE and Trump's actionsOn February 10, the Re…
Trump Trust Bought Stock In Taser Company Two Weeks Before ICE Said It was Shopping For Tasers
Two weeks before ICE posted a notice that it planned to buy $220 million worth of tasers, President Trump's trust managers made a major stock purchase in a company that provides the weapon.
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