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The Independent UK
The Independent UK
Bruce Golding

Firm behind some of Trump’s top social media accounts sues co-founder for blowing $3m on slot machines

Alex Bruesewitz Donald Trump Company X Lawsuit United States
Derek Utley, co-founder of a company that runs social media accounts for President Donald Trump, seen outside the White House on Monday, September 21, 2026, allegedly had ‘exclusive access’ to the company's bank accounts and financial records - (Getty)

A company that runs some of President Donald Trump's social media accounts is suing its co-founder for allegedly embezzling at least $5 million — including at least $3 million he's accused of blowing on slot machines.

X Strategies alleges that former chair and chief financial officer Derek Utley stole millions of dollars to fund an increasingly lavish lifestyle and fuel a gambling addiction, according to a lawsuit first reported Tuesday by Politico.

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