Donald Trump Bought Netflix Debt In January, Adding to Holding - Deadline
President Donald Trump acquired between $500k and $1.25 million worth of Netflix bonds in transactions in January, according to a government filing.
*UPDATED: *President Donald Trump acquired between $600k and $1.25 million worth of Netflix bonds in two transactions in January, according to a disclosure today on the website of the U.S. Office Of Government Ethics.
The filing shows a purchase worth $500k to $1 million on January 2 and another worth $100k-$250k on January 20.
Trump previously acquired $500k to $1 million in Netflix bonds in December after the company signed a deal with Warner Bros. Discovery. Following a noisy takeover battle, WBD terminated that agreement last week and is now selling itself to David Ellison’s Paramount.
The Netflix buys were two in a list of over 80 purchases (and a few sales) of corporate and municipal bonds by Trump. The transactions are disclosed in Form 278-T, which notes purchases, sales, or exchanges of securities in excess of $1,000 made on behalf of the filer, the filer’s spouse, or dependent child. Transactions are required to be disclosed within 30 days of receiving notification of a transaction but not later than 45 days after the transaction.
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Notice of the Netflix bond purchase was filed on Feb. 26. Other companies on the list included SiriusXM and across industries from Whirlpool to Occidental Petroleum, Victoria’s Secret, Macys, Carnival, Boeing, Wells Fargo and more.
The White House has said that Trump’s stock and bond portfolio is independently managed by financial institutions, with decisions made by independent managers.
White House spokesperson Anna Kelly said in a statement on Wednesday, “President Trump only acts in the best interests of the American public – which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media. President Trump’s assets are in a trust managed by his children. There are no conflicts of interest.”
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- Anonymous These are the same thinly veiled workarounds that 3rd world dictators use to mask open corruption and kickbacks.
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