Former Trump Aide Alleges $400 Million Market Manipulation Tied to Trump Administration
Anthony Scaramucci, co-founder of Skybridge Capital and former White House Communications Director, has accused President Trump's administration of orchestrating a significant insider trading scheme. According to Scaramucci, the scheme involved trading activities that capitalized on geopolitical announcements, resulting in illicit profits of up to $400 million. He claims that insiders purchased $1.5 billion in notional S&P E-mini futures contracts and $192 million in crude oil futures, which was significantly above normal market volumes. These trades allegedly occurred just before President Trump announced a five-day moratorium on Iran strikes. Scaramucci further alleged that a fabricated phone call with an Iranian official was used to justify the market-moving moratorium, a claim denied by Iranian authorities. The White House has not responded to these allegations. 
