'Not Even Trying to Hide Their Brazen Corruption': Trump Sons Set to Profit From Tungsten Mining Deal

[AZProgressive]

“This is the most corrupt administration in American history,” said one House Democrat. “It is not close.”

A bombshell New York Times report detailing how President Donald Trump’s eldest sons stand to profit from a tungsten mining deal negotiated by their billionaire father sparked outraged calls for accountability on Monday, with Democratic lawmakers characterizing the taxpayer-funded project as yet another example of the administration’s unchecked and unprecedented corruption.

“You will not believe it until you see it laid out,” US Rep. Mike Levin (D-Calif.) wrote in response to the Times story published over the weekend. According to the newspaper, Trump and his team—including billionaire Commerce Secretary Howard Lutnick—“won an agreement from the Kazakh leader to give a little-known American company access to one of the world’s largest untapped reserves of tungsten, a metal that the United States desperately needs for the production of missile warheads, fighter jets, computer chips, and other critical goods.”

Ahead of the deal’s completion last September, according to the Times, the Trump administration “approved preliminary applications for as much as $1.6 billion in federal financing for the American company, now called Kaz Resources, which plans to break ground on the project in rural Kazakhstan.”

Eric Trump and Donald Trump Jr., along with Lutnick’s sons Brandon and Kyle, are poised to benefit from the project. “Within weeks of the St. Regis negotiations, investors with a firm called Dominari Securities, which is housed at Trump Tower in New York and partly owned by the president’s two eldest sons... joined with other partners to take a 20% stake in a corporate entity related to the Kazakhstan project,” the Times reported.

https://www.commondreams.org/news/trump-sons-tungsten-mining