Trump family could pocket billions from IRS suit: analyst
.jpg)
Ewan Gleadow
April 26, 2026
RAW STORY
President Donald Trump will funnel a potential IRS payout into a family shell company, a political analyst has claimed.
Trump and his sons are negotiating with the Internal Revenue Service to settle a $10 billion lawsuit without trial. Trump filed the lawsuit after taking office, claiming an IRS contractor leaked his tax information. The motion for settlement extension was filed with IRS consent, requesting time for parties to engage in discussions and avoid protracted litigation.
Trump acknowledged in January that he is essentially negotiating with himself, stating he could make the settlement "a substantial amount" before directing funds to charities.
Heather Delaney Reese believes that, should Trump's lawsuit against the Internal Revenue Service be a success, the payout will not be headed to charity.
Reese wrote, "Trump and his lawyers are currently in settlement talks with the Department of Justice over this lawsuit. The same DOJ that he controls. If those talks result in a payout, it would be Trump’s own administration writing Trump and his family a check from the United States Treasury. That would be taxpayer money being spent.
"And if he does donate the winnings to charity, as he suggested on Air Force One, do not hold your breath waiting to find out which one. This is a family with a history of creating entities that look like charities on paper.
"The Trump Foundation was shut down under court supervision after the New York Attorney General found that Trump had repeatedly used its funds for his own personal, business, and political interests.
"He was ordered to pay $2 million in damages. He made 19 admissions of illegal activity. His three adult children were required to undergo mandatory charity law training as part of the settlement. So when he says the money could go to charity, it might not mean what we imagine that to mean."
Reese went on to suggest that the lawsuit could be set to collapse by May after a federal judge asked a pointed question about the point of the suit.
"But on Friday, a federal judge named Kathleen Williams, an Obama appointee sitting in Miami, looked at the case and asked a question that cut through what this lawsuit really was about: money," Reese wrote. "She pointed out that Trump is the sitting president who directly oversees both the IRS and the Treasury Department.
"His named adversaries in this lawsuit are agencies whose decisions are subject to his direction. She questioned whether the parties are even 'sufficiently adverse to each other' for the lawsuit to be constitutional under Article III, which requires an actual controversy between genuinely opposing parties."
‘These People Are Shameless’: RFK Jr.’s Son Launches Healthcare Investment Fund
“The festering swamp of corruption and self-dealing surrounding the Trump White House just got even deeper.”
Robert F. Kennedy Jr., with his son Finn behind him, spoke during a rally in Aurora, Colorado on May 19, 2024.
(Photo by Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images)
Jake Johnson
Apr 25, 2026
COMMON DREAMS
US Health and Human Services Secretary Robert F. Kennedy Jr.'s son, Finn Kennedy, is reportedly seeking to raise $100 million for a new healthcare industry investment fund that will seek to capitalize on “policy initiatives in government”—including RFK Jr.'s so-called Make America Healthy Again agenda.
The Financial Times reported Friday that Finn Kennedy’s fund, Victura Ventures, has already secured roughly $70 million in commitments. The fund is “targeting early-stage growth companies involved in healthcare AI, consumer health, and other health technologies,” FT reported, citing an offering document.
“Kennedy’s foray into healthcare investing marks the latest example of the cozy relationship between the Trump administration and close associates who have sought to capitalize on it,” the newspaper added. “Sons of President Donald Trump and Commerce Secretary Howard Lutnick have invested in cryptocurrency businesses as Trump has promoted alternative currencies. Donald Trump Jr. has joined the board of 1789 Capital, a fund founded by pro-Trump donors in 2023. At least four of 1789’s portfolio companies have won contracts from the Trump administration. 1789 has also invested in big government contractors, such as Anduril and Elon Musk’s SpaceX.”
Additionally, as Common Dreams reported on Thursday, Eric Trump appeared on Fox Business to brag about a $24 million Pentagon contract secured by Foundation Future Industries, where the president’s son serves as chief strategy adviser.
“These people are shameless,” journalist Doug Henwood wrote in response to the reporting on Finn Kennedy’s new fund.
The advocacy group Protect Our Care said the FT reporting and a Friday story in The New York Times—which detailed how a top Kennedy aide “was advising on changes to the American health system while running a rapidly growing wellness company poised to benefit from Trump administration health policies”—show that “the festering swamp of corruption and self-dealing surrounding the Trump White House just got even deeper.”
According to the Times, Kennedy aide Calley Means “held between $25 million and $50 million in stock in the company, Truemed, through November, as he continued to serve as its president.”
“For months, Mr. Means has ignored questions from Democrats in Congress about his finances, including the extent of his stake in Truemed, and how they related to federal policy,” the Times added.
Kayla Hancock, the director of Protect Our Care’s Public Health Project, said in a statement Friday that “it’s perhaps easy for RFK Jr. to look at Donald Trump and Commerce Secretary Lutnick blatantly abuse the power of the White House to enrich themselves, family members, and big donors, and say, ‘Why not me?’”
“Kennedy claims he’s following ethics rules, but why did he keep the barn door open for his son and close associates to profit off his policy decisions?” asked Hancock. “It follows a corrupt pattern of Trump administration officials exploiting loopholes to steer money into their family and friends’ pockets at the same time they rip away healthcare from millions of Americans and push policies that hike costs on everything from insurance premiums, gas, to groceries.”
“The festering swamp of corruption and self-dealing surrounding the Trump White House just got even deeper.”
Robert F. Kennedy Jr., with his son Finn behind him, spoke during a rally in Aurora, Colorado on May 19, 2024.
(Photo by Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images)
Jake Johnson
Apr 25, 2026
COMMON DREAMS
US Health and Human Services Secretary Robert F. Kennedy Jr.'s son, Finn Kennedy, is reportedly seeking to raise $100 million for a new healthcare industry investment fund that will seek to capitalize on “policy initiatives in government”—including RFK Jr.'s so-called Make America Healthy Again agenda.
The Financial Times reported Friday that Finn Kennedy’s fund, Victura Ventures, has already secured roughly $70 million in commitments. The fund is “targeting early-stage growth companies involved in healthcare AI, consumer health, and other health technologies,” FT reported, citing an offering document.
“Kennedy’s foray into healthcare investing marks the latest example of the cozy relationship between the Trump administration and close associates who have sought to capitalize on it,” the newspaper added. “Sons of President Donald Trump and Commerce Secretary Howard Lutnick have invested in cryptocurrency businesses as Trump has promoted alternative currencies. Donald Trump Jr. has joined the board of 1789 Capital, a fund founded by pro-Trump donors in 2023. At least four of 1789’s portfolio companies have won contracts from the Trump administration. 1789 has also invested in big government contractors, such as Anduril and Elon Musk’s SpaceX.”
Additionally, as Common Dreams reported on Thursday, Eric Trump appeared on Fox Business to brag about a $24 million Pentagon contract secured by Foundation Future Industries, where the president’s son serves as chief strategy adviser.
“These people are shameless,” journalist Doug Henwood wrote in response to the reporting on Finn Kennedy’s new fund.
The advocacy group Protect Our Care said the FT reporting and a Friday story in The New York Times—which detailed how a top Kennedy aide “was advising on changes to the American health system while running a rapidly growing wellness company poised to benefit from Trump administration health policies”—show that “the festering swamp of corruption and self-dealing surrounding the Trump White House just got even deeper.”
According to the Times, Kennedy aide Calley Means “held between $25 million and $50 million in stock in the company, Truemed, through November, as he continued to serve as its president.”
“For months, Mr. Means has ignored questions from Democrats in Congress about his finances, including the extent of his stake in Truemed, and how they related to federal policy,” the Times added.
Kayla Hancock, the director of Protect Our Care’s Public Health Project, said in a statement Friday that “it’s perhaps easy for RFK Jr. to look at Donald Trump and Commerce Secretary Lutnick blatantly abuse the power of the White House to enrich themselves, family members, and big donors, and say, ‘Why not me?’”
“Kennedy claims he’s following ethics rules, but why did he keep the barn door open for his son and close associates to profit off his policy decisions?” asked Hancock. “It follows a corrupt pattern of Trump administration officials exploiting loopholes to steer money into their family and friends’ pockets at the same time they rip away healthcare from millions of Americans and push policies that hike costs on everything from insurance premiums, gas, to groceries.”
No comments:
Post a Comment