Two top White House officials, Dan Scavino and Sergio Gor, sold over $1.3 million in stock from Truth Social shortly before President Trump's April 2 tariff announcement, which led to market decreases. Scavino sold between $1 million and $5 million on April 1, and Gor sold between $15,000 and $50,000 on March 27. These trades highlight potential insider knowledge regarding the tariff announcement. Prior to these sales, Scavino reported consulting fees totaling $860,000 for 2024. In addition to them, Attorney General Pam Bondi also sold Truth Social stock on the same day as Trump's announcement.
On March 27, Sergio Gor, the Director of the White House Presidential Personnel Office, sold between $15,000 and $50,000 in Truth Social stock, not originally disclosed.
Dan Scavino, White House Deputy Chief of Staff, sold between $1 million and $5 million in Truth Social stock on April 1, just one day before the tariff announcement.
Both officials, Scavino and Gor, sold a combined total of at least $1.3 million in stock before President Trump's April 2 tariff announcement, avoiding significant losses.
While officials are only required to provide ranges for asset values, these trades raise questions about possible insider awareness of impending news affecting markets.
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