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Fortune
Fortune
Business
Joshua Hong

‘It’s so corrosive to democracy': Over 50 federal prosecutors speak out against Trump's $100,000 a month 'insider trading' scheme

U.S. President Donald Trump looks on during the signing of a security pact between the U.S., Denmark, and Greenland during the 81st session of the United Nations (U.N.) General Assembly. (Credit: Photo by Chip Somodevilla/Getty Images)

Trump’s plan to sell earlier access to his Truth Social posts for six-figures has hit a new wrinkle. More than 50 former federal prosecutors and law enforcement officials are asking a federal judge to block Donald Trump’s $100,000 monthly service for early access to Truth Social posts, arguing that the arrangement could implicate several federal criminal statutes—including giving traders a paid window into potentially market-moving government information.

The 53 former prosecutors and law enforcement agents filed an amicus brief Monday in the Southern District of New York in support of a preliminary injunction from The Intercept and the Freedom of the Press Foundation. The group includes former officials who worked on public corruption and public integrity matters at the Justice Department, FBI and U.S. attorneys’ offices across 11 presidential administrations, both Republican and Democratic. Collectively, they say they have more than 880 years of government service.

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