THE Jordan Belfordknown as’ wolf of Wall Street“, Talked about the accusations against his Donald Trump For Insider Trading by saying that there is no evidence linking the former president with internal information or market manipulation.
It is recalled that many Democrats of Congress, market players, analysts and journalists have made very serious suspicions that Trump committed the Insider Trading offense that is, by motivating the stock market just before 180 degree turn for 90 days of suspension of tariffs US president illegally manipulated the markets.
“Wall Street Wolf”, Jordan Belfort, who His life has become a film starring Leonardo DiCaprio Directed by Martin Scorsese, she told Sky News how There is no “any case” for Donald Trump to be guilty of market manipulation.
Speaking on The World show, he clarified: ‘Personally I don’t find it too suspicious. Especially since He said it to everyone at the same time. If he hadn’t said anything and said to five of his best friends that he would facilitate the situation with bonds to buy, then, yes, that would be illegal, “Belfort added.
What is Insider Trading
Insider trading is when people exploit non -public information to buy or sell shares and make a profit.
This practice considered illegalas it provides unfair advantage over other investors and undermines confidence in financial markets.
US President Donald Trump posted- while markets were on a downward trend- on the social network Truth Social the message: “THIS IS A GREAT TIME TO BUY!!! DJT».
A few hours later, he announced one 90 days reduction of most dutieswith the exception of China, which led to a 9.5%increase in stock markets. The timing of the suspension and announcement has raised concerns about possible market manipulation or involvement in Insider Trading.
In addition, the ‘DJT’ report on Trump’s post, which is both his initials and the Share symbol of his company, Trump Mediaraised questions about whether he encouraged investments in that share. Following the post, Trump Media’s stock rose 22.67%, increasing the value of Trump’s share by $ 415 million.
“Trump’s close to the huge fluctuations of the stock market via Insider Trading?” He asked California Democratic Senator Adam Sif in his account in X. “Congress must know,” he said, demanding a parliamentary investigation.
“The President of the United States is illegally involved in the world’s greatest manipulation of the world,” they said on their part Members of the Committee on Financial Services of the House of Representatives in X.