Scott Galloway Fumes at Trump Family Making $3 Billion Off Second Term so Far, Accuses Admin of ‘Insider Trading’
Scott Galloway tore into President Donald Trump’s first months in office, accusing the president of using the Oval Office to enrich himself and his family to the tune of almost $3 billion. Galloway, a marketing professor and entrepreneur turned media personality, made the comments on the latest episode of his Pivot podcast, alongside co-host Kara Swisher.
“This first hundred days of the Trump administration, mostly using the vehicle of the Trump coin, will go down in history as the greatest grift in the history of our economy, in terms of the amount of money stolen and the size of it over the shortest period,” Galloway began, adding:
Just some data here. So, Trump-affiliated entities have made at least $300 million.
This is distinct from the value of his stake in Trump coin and trading fees. The Trump family’s net worth has increased by $3 billion or a billion dollars a month since he took office. Just some timeline.
The Trump coin launched on a Friday night under the cover of dark with all the news about the inauguration. By 3 a.m. on Sunday, it was valued at more than $70 billion, and there were a small number of coins, a small number of investors who made large investments on a Friday. Maybe they got a tip or something.
They made tens, if not hundreds, of millions. Then, over the course of the next couple weeks, about 800,000 smaller investors lost billions.
“Is the Melania coin one?” added Swisher.
“The Melania coin, two dozen traders made almost $100 million the weekend it came out, right? So one person invested 64 seconds before the project was publicly announced. Within 24 hours, it made $40 million,” Galloway replied.
“But since then, Melania has lost 96% of its value,” Swisher noted.
“Sure has,” agreed Galloway.
The grift is next-level, and it’s happening right under our noses in broad daylight.
@pivotpod.bsky.social
@karaswisher.bsky.social l loop— Scott Galloway (@profgalloway.com) May 10, 2025 at 10:44 AM
“And this market manipulation, this is what would technically be called insider trading by the SEC, we’ll never know because on April 8th, Trump’s Deputy Attorney General ordered the DOJ’s crypto fraud investigation arm to disband,” Galloway continued, adding:
The next day, the next day on April 9th, the same day that Treasury Secretary Scott Bessent affirmed that it was Main Street’s turn to get wealthy, Trump posted on Truth Social, this is a great time to buy Donald Trump media at 9:37 a.m. Between 1 and 1:10 p.m., there was a huge increase in bullish zero-day S&P 500 call options. And then just eight minutes later, Trump announced a 90-day pause on all of his tariffs, and the market soared almost 10 percent, one of the biggest one-day gains in history.
So someone knew what was going on.
“Of course they do. He calls them,” Swisher insisted.
“That’s called insider trading. The market gained $4 trillion while Trump Media closed up 23 percent. Trump’s 53 percent ownership stake in the company increased his net worth by $415 million,” Galloway replied, adding:
On April 23, Trump announced that the top holders of the Trump coin would win an exclusive dinner with him, and the coin surged over 60 percent. A small group of investors have generated massive returns. Just 58 wallets made more than $10 million a piece, totaling approximately $1.1 billion in gains.
Meanwhile, 800,000 wallets of mostly smaller holders have lost money on their Trump coin. And this isn’t just a vessel for corruption. It’s an open invitation for foreign manipulations.Three-quarters of the token value held among the top 220 wallets are believed to be held by foreign owners. So if he’s hosting a dinner for his Trump pack, and it costs a million and a half dollars, and say you’re Hungary and you want to get rid of these tariffs, don’t you pay someone, have someone a proxy go, spend a million and a half bucks and go, oh, just FYI, let the president know, as a gift to him, we’re going to buy $50 million in Trump coin this week, which will increase the value somewhere between half a billion and a billion, which means he’ll get somewhere between four and 800 million. And we’re really hoping he’s kind to us around the tariffs.
“I agree. I’ve been talking to a lot of investigative reporters right now. And by the way, a lot of techies are keeping tabs on this stuff,” Swisher noted, adding, “ I have to say, in a couple of years, there’s going to be a massive investigation. He’ll probably be not too old to put him in jail for it. But boy, is this a grift. You’re absolutely right.”
“Well, it gets worse. Now the kids went on it. World Liberty Financial, a crypto firm run by Trump’s sons, Eric and Don Jr., 60% of it is owned by Trump Trump-affiliated entity, and they are entitled to 75% of its revenue,” Galloway replied, adding:
It’s raised more than a half a billion dollars from investors who purchased the World Liberty Financial governance token. And now it’s being leveraged to facilitate pardons for criminals. Justin Sun, a crypto billionaire, was under SEC investigation for securities fraud under the Biden administration.
After investing 75 million in World Liberty Financial, guess what, Kara? The SEC dismissed his case.
“That’s correct. This is a, this is a crash. It is really, this is the story I keep telling reporters, and you’ve talked about it quite a lot,” Swisher said, adding:
This is the story, the absolute kleptocracy, and it’s in plain sight. Absolutely.
“This is what, this is what fucking infuriates me. I’m a realpolitik guy. I don’t mind a little bit of corruption as long as it’s good for all Americans,” Galloway replied, fuming, “I don’t mind a little bit of strong-arming. But here’s the problem or the tragedy. If Trump brought half the competence, expertise, and elegance to governance as he does to grifting, the country would be in a much better place. We have a mob family running the country.”
Watch the clip above or listen to the full episode.
