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Donald Trump Jr.’s Drone Ventures Could Make a Killing — Thanks to Dad’s Big Beautiful Budget (theintercept.com)

submitted 3 days ago by geneva_convenience@lemmy.ml to c/progressivepolitics@lemmy.world

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Last November, shortly after Donald Trump was reelected president, his son Donald Trump Jr. joined a venture capital firm with investments in several defense companies. Later that month, he was appointed the advisory board of Unusual Machines, a small, Florida-based drone company incorporated in Nevada.

Securities filings showed Trump Jr. owned 331,580 shares in the company, with only two top executives holding more.

Unusual Machines has been positioning itself to benefit from legislative and government policy changes.

The company is made up of two parts: Fat Shark, which makes goggles, controllers, and other drone components and accessories; and an e-commerce platform called Rotor Riot, which sells drone parts. According to a pitch deck for investors, Unusual Machines also plans to acquire an Australian drone motor manufacturer, Rotor Lab.

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[–] Sanctus@lemmy.world 6 points 3 days ago

Conflict of interest.

May every one of these ghouls have the flesh liberated from their cocks in a boiling fashion.

[–] N3rdBrain@lemmynsfw.com 1 points 2 days ago

The rich will get richer.

[–] KnitWit@lemmy.world 2 points 3 days ago (1 children)

Having Fat Shark controllers become a part of this fever dream of a dystopia is just the writers bringing in easter eggs for the hardcore fans.

[–] geneva_convenience@lemmy.ml 2 points 3 days ago

Rotor Riot is an even bigger disappointment. Mads Tech was very upset with them and he never gets political.

[–] limer@lemmy.ml 1 points 3 days ago

Trump is terrible. His family is horrible no good people, and using politics to enrich family and friends is unethical.

That said, the only thing I see different from other presidents is less hiding and less being clever about the enrichment.

Which is a huge issue; because in my experience one can tell the level of graft in a government by using the visible crimes, usually small things. The actual crimes can be ten times more than the scandals. Like an iceberg

So when we see public crimes that are more often and more serious: that is a lot of new graft.. tens of billions of USD at least

[–] Reality_Suit@lemmy.world 1 points 3 days ago

Just a family of pedophiles.