Attorney General Pam Bondi sold between $1 million and $5 million worth of shares in the company that owns President Donald Trump's Truth Social site on "Liberation Day," the day when the GOP leader announced sweeping tariffs that caused the stock market to plummet.
The sale of shares of Trump Media, as the company is formally known, occurred on April 2. The following days, stocks fell 13%, before rebounding. Trump Media's stock sold for $52 at its highest but closed at $26.
Bondi's disclosure forms do not include the specific amount of stocks sold or their worth but instead provide a rough range. In addition to selling the potentially multi-million dollar shares, Bondi's disclosure form shows she also sold between $250,000 and $500,000 worth of warrants in Trump Media, which typically give a holder the right to purchase the shares.
Further, the forms do not disclose whether they occurred before or after the market closed. Trades by government officials informed by nonpublic information learned through work could violate the law. But allegations against government officials are legally challenging, and in recent years judges have largely narrowed what constitutes illegal insider trading, ProPublica, who first reported on the transaction, explains.
It remains unclear whether Bondi as attorney general would have known in advance any nonpublic details about the tariffs Trump was announcing that day. The Justice Department, which Bondi runs, did not immediately respond to questions about the trades.
In a December financial disclosure, Bondi said that she held stock in Trump Media that was worth over $3.9 million at the time, shares that she received as compensation for consulting services for the company.
As part of her ethics agreement, Bondi had pledged to sell her stake in Trump Media within 90 days of her confirmation, a deadline that would have allowed her until early May to sell the shares.
Trump Media said it lost $400.9 million in 2024, while its annual revenue declined 12% to $3.6 million. The company, which trades under a ticker with Trump's initials— DJT— said a "significant portion" of its revenue decline was caused by a change in a revenue-sharing agreement with an advertising partner, which it didn't disclose, CBS News reports.
ProPublica's report of Bondi's disclosure forms come as her financials are being put under scrutiny due to alleged links to Qatar as the president will be gifted a luxury plane from the Qatari government.
Bondi worked as a foreign lobbyist for the nation of Qatar, earning $115,000 a month in the role which she held in 2020 and in the run up to the World Cup in 2022. In that role, she lobbied Congress on behalf of the foreign nation's interests, while also working in a separate lobbying firm, Ballard Partners, based in Washington, D.C.
Bondi's history with the country has unleashed a wave of concerns over foreign influence at the highest level of government. Those concerns were brought up during her confirmation hearings before the Senate in January, with Democrats accusing her of failing to disclose her ties to the nation, which have only been exacerbated thanks to the $400 million luxury Boeing 747-8 Qatar gifted the president.
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