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Bloomberg: How A Tiny Bank Enriches Trump’s Sons
Bloomberg News reports:
From its New York headquarters on Trump Tower’s 22nd floor, Dominari Holdings operates a tiny investment bank that, less than three years ago, pivoted from developing cancer therapies into finance. Since then it has lost about $US70 million. One of its senior executives was named in a now-settled complaint alleging “Boiler Room” style business practices at an earlier employer. And it has been stockpiling Bitcoin.
Then it gained two recognizable backers: Donald Trump Jr. and Eric Trump. The announcement in February that they were joining Dominari as advisers promptly sent shares soaring more than 80 per cent — a windfall for the brothers, at least on paper, because they received hundreds of thousands of shares beforehand. Trump Jr. and Eric Trump have already amassed stakes they could potentially sell for about $US8 million each.
Their involvement in Dominari follows a lucrative pattern the pair have embraced since their father’s reelection — joining a small, sometimes unprofitable company, announcing an advisory role, and watching the value of their shares pop.
Read the full article.
A Tiny Bank in Trump Tower Is Enriching Trump’s Sons
Dominari Holdings pivoted 3 years ago from developing cancer therapies to finance and has since lost $70M, a senior exec was named in now-settled complaint alleging “Boiler Room” practices at earlier employer.
www.bloomberg.com/news/article…
— Wendy Siegelman (@wendysiegelman.bsky.social) May 19, 2025 at 1:39 PM
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