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International Business Times UK
International Business Times UK
Francis Louie C. Añiga

Donald Trump Allegedly Purchased Millions in Dell Stock Just Weeks Before It Was Awarded $9.7B Pentagon Contract

Donald Trump allegedly bought more than $1 million worth of Dell Technologies shares on 10 February, just weeks before the company's government arm won a $9.7 billion Pentagon contract, according to financial disclosures cited by The Daily Beast. Ethics groups are now raising concerns about the timing of the trade and the optics surrounding the deal.

For years, Trump's personal finances have sat in a grey area. Federal conflict of interest rules do not apply to the president, and Trump has not followed the modern practice of fully divesting assets or placing them in a blind trust. His team says independent managers oversee his accounts, but that arrangement has continued to draw scrutiny when investments appear to coincide with major government decisions.

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