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Trump Conflict Ledger
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Entities

  • The Trump OrganizationThe Trump family's holding company; recipient of foreign licensing fees, club income, and project revenue documented in the 2025 disclosure.
  • Trump Media & Technology Group (DJT)Operator of Truth Social; Trump holds a ~53% stake in a trust controlled by Donald Trump Jr. Reported a $712.3 million net loss in 2025 and a bitcoin-treasury strategy.
  • World Liberty FinancialTrump family crypto venture (WLFI token, USD1 stablecoin) co-founded with Zach Witkoff; source of almost $800 million in reported 2025 receipts.
  • CIC Digital LLCCryptocurrency firm affiliated with the Trump Organization; reported source of $636 million in memecoin-linked 2025 earnings.
  • BinanceCrypto exchange founded by Changpeng Zhao; reported recipient of a $2 billion investment denominated in World Liberty's USD1 stablecoin. Zhao disputes any Trump business relationship.
  • Nikola CorporationElectric-truck maker founded by Trevor Milton, whose investors were owed the restitution ended by Milton's pardon.
  • Oak View GroupArena development company led by Tim Leiweke at the time of his pretrial pardon.
  • MAGA Inc.Pro-Trump super PAC; recipient of donations documented in the Walczak and Herrera Velutini pardon records.
  • Trump 47 Joint Fundraising CommitteeTrump re-election fundraising committee; FEC filings as reported record $920,000 from Trevor Milton.
  • U.S. Office of Government EthicsReceives and publishes the president's Form 278e annual disclosures and 278-T periodic transaction reports.
  • U.S. Securities and Exchange CommissionRecipient of the April 11, 2025 senatorial investigation request; no investigation has been publicly confirmed.
  • U.S. Department of JusticeIncludes the Office of the Pardon Attorney, which publishes the clemency warrants cited in this ledger.
  • The White HouseSource of policy announcements (tariffs, AI Action Plan, Gulf fact sheets) and of the administration responses quoted on claims.
  • U.S. Department of DefenseAccepted the Qatari Boeing 747-8 gift on May 21, 2025.
  • State of Qatar (royal family / Ministry of Defense)Donor of the ~$400 million Boeing 747-8 accepted by the Pentagon for use as interim Air Force One.
  • Qatar Investment AuthorityQatar's sovereign wealth fund; Qatari Diar is described in reporting as its real-estate arm.
  • Qatari DiarSovereign-wealth-backed real-estate firm; counterparty in the Trump-branded Qatar golf-resort deal reported April 2025.
  • Dar GlobalInternational arm of Saudi developer Dar Al Arkan; Trump Organization partner on Gulf projects including Saudi Arabia and Oman.
  • DAMAC PropertiesDubai developer; reported to have paid roughly $12.5 million in 2025 management and licensing fees for Trump-branded projects.
  • Hung Yen Hospitality ServicesVietnamese partner entity on the $1.5 billion Trump Organization project in Hung Yen province.
  • Mar-a-Lago ClubTrump's private club and residence; reported ~$77.5 million of 2025 income and the venue for access events documented in this ledger.
  • Meta PlatformsPaid $25 million in January 2025 to settle Trump's account-suspension lawsuit.
  • X Corp.Paid about $10 million in February 2025 to settle Trump's suspension lawsuit.
  • Paramount GlobalPaid $16 million in July 2025 to settle the '60 Minutes' editing lawsuit.
  • ABC News (Disney)Settled a defamation suit for $15 million in December 2024, directed to the presidential library fund.
  • Donald J. Trump Presidential Library FundRecipient of media-settlement proceeds; subject of congressional oversight letters describing up to $14.5 million as unaccounted for.
  • Checkpoint Government SystemsChes McDowell's firm; reported $1.3 million engagement in the Zhao clemency effort.
  • PolymarketBlockchain prediction-market platform; venue of the pseudonymous pre-announcement Iran-ceasefire bets documented by AP analysis as reported by Reuters.
  • KalshiCFTC-regulated prediction-market exchange; flagged and referred the teleprompter-operator trading to the CFTC, per Reuters.
  • U.S. Commodity Futures Trading CommissionRegulator reported to be investigating the White House teleprompter operator's prediction-market trading.
  • U.S. Department of CommerceIssued the July 2026 rule easing UAE semiconductor export controls that names MGX for favorable license review.
  • Federal Election CommissionRecipient of the pending Campaign Legal Center complaint alleging straw donations connected to the Herrera Velutini pardon.
  • MGXAbu Dhabi state-backed AI and technology investment firm; settled its $2 billion Binance investment in USD1 and was later named for favorable export-license review in a Commerce rule.
  • USD1 (stablecoin)Dollar-pegged stablecoin issued by World Liberty Financial; used to settle the $2 billion MGX–Binance investment. On-chain analyses report the large majority of supply custodied at Binance.
  • $TRUMP (memecoin)Solana-based token launched January 17, 2025, days before the inauguration; 80% of supply reportedly held by Trump-affiliated entities on a multi-year unlock. Basis of the top-holders dinner access program.
  • Fight Fight Fight LLCDelaware entity formed January 7, 2025 that, with CIC Digital LLC, reportedly holds the retained $TRUMP token supply.
  • TetherStablecoin issuer; Cantor Fitzgerald paid over $600 million for a stake and holds most of its reserves. Subject of the Warren–Wyden letter on the alleged Lutnick trust loan.
  • Cantor FitzgeraldInvestment bank formerly led by Commerce Secretary Lutnick; holds a convertible stake in Tether and custodies most of its reserves, per reporting cited by senators.
  • Cerberus Capital ManagementPrivate-equity firm co-founded by Deputy Defense Secretary Feinberg; at least four linked companies received Golden Dome contracts, per the Warren letter.

Temporal adjacency does not establish causation. Every entry on this site pairs what the evidence establishes with what it does not establish; classification and confidence describe evidence completeness, not guilt. See the methodology and corrections pages.

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© 2026 Hermanity. Independent public-interest research project. Records last verified 2026-07-21.