‘This Is Corruption’: Trump Bought Stock in Taser Maker Just Before ICE Contract Notice

“There’s a reason why Trump fired the ethics watchdog who oversaw corruption and conflicts of interest in the executive branch,” said one critic.


A federal agent threatens to use his Taser electroshock gun on demonstrators and others during a protest over the Trump administration’s immigration raids, at Delaney Hall Detention Facility in Newark, New Jersey on June 13, 2025.
(Photo by Andres Kudacki/Getty Images)

Brett Wilkins
Jun 29, 2026
COMMON DREAMS


US President Donald Trump bought up to $5 million worth of stock in the corporation that makes Taser electroshock guns, police body cameras, and policing software two weeks before his administration announced the solicitation of a $220 million contract apparently tailored to the company’s product and services, CNBC revealed Monday.

CNBC’s Luke Falcon reported that Trump disclosed the purchase of between $1-5 million in Axon Enterprise stock on February 10. Two weeks later, US Immigration and Customs Enforcement (ICE) announced it was seeking a five-year, $220 million deal for 17,800 conductive energy weapons, unlimited cartridges, and support services.

Axon Enterprise stock skyrocketed over 22% immediately following ICE’s announcement, although they’re down more than 25% this year.

According to Falcon:
If finalized, the purchase would more than quadruple ICE’s current Taser arsenal, replacing about 4,300 devices in the field, according to the February notice.

The notice refers to an upgrade to the “T10,” Axon’s “Taser 10” model, to replace ICE’s older “X26P/X2 Tasers,” which are also Axon-made. It also specifies features associated with Taser 10, including a 45-foot range and 10 individually targeted probes—all specifications and capabilities that procurement experts say effectively foreclose other bidders.

“The concern is that [Trump] bought into a company whose business could grow if his own administration expands immigration enforcement,” Jordan Libowitz, vice president for communications at the liberal-leaning watchdog group Citizens for Responsibility and Ethics in Washington, told CNBC.

Deborah Fleischaker—a former acting ICE chief of staff during the Biden administration who is now a senior immigration policy adviser at the Latino advocacy group UnidosUS—told Falcon that the timing of Trump’s purchase “raises red flags.”

“It is not smart to buy stock in a company that was impacted by the decisions you would be making at the agency,” she said. “I would have stayed far, far away from actual impropriety, or the appearance of impropriety.”

The ICE contract notice came as the agency and other Department of Homeland Security divisions were set to reap tens of billions of dollars in new funding thanks to Republicans’ so-called One Big Beautiful Bill Act.

White House spokesperson Anna Kelly insisted that “there are no conflicts of interest” and that Trump’s investments are managed by independent third parties.

“But the sequence raises a public integrity question: A president with a newly disclosed financial interest in a law enforcement technology company led an administration expanding immigration enforcement when one of its agencies sought a major purchase of products closely associated with that company,” The Intellectualist contended on Monday.

Campaign for New York Health executive director Melanie D’Arrigo said on social media Monday: “Trump bought up to $5 million in stock of a company seeking an ICE contract that specifies products unique to that company. This is corruption. There’s a reason why Trump fired the ethics watchdog who oversaw corruption and conflicts of interest in the executive branch.”

Democrats on the House Oversight Committee and several watchdog groups have published running lists of dozens of instances of alleged and proven conflicts of interest and other corruption that have enriched Trump and his family by billions of dollars during his second term in office alone.

On Sunday, The New York Times reported that Trump and US Commerce Secretary Howard Lutnick reached a billion-dollar agreement with Kazakhstan to develop of one of the world’s largest untapped deposits of tungsten, a key metal used to make missile warheads, fighter jets, computer chips, and other products.

According to the Times, within weeks of the deal taking shape, investors associated with Dominari Securities—a firm partly owned by Donald Trump Jr. and Eric Trump, the president’s sons—acquired a 20% stake in an entity connected to the Kazakhstan tungsten project. Lutnick’s sons also reportedly raised capital for one of the project’s investors, a role for which they stand to make millions of dollars.

“The corruption is breathtaking,” former US Labor Secretary Robert Reich said Monday on social media in response to the Times report.