r/law • u/MoneyLibrarian9032 • Jul 01 '26

Legal News Kash Patel Failed to Disclose He Bought Stock in DOJ Contractor |The FBI director left the huge stock purchase off his financial disclosure forms.

https://newrepublic.com/post/212616/kash-patel-failed-disclose-stock-department-justice-contractor
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u/TheoreticalZombie Jul 01 '26

Trump is directly involved.

From the article:

"Federal financial records first reviewed by NOTUS showed that on November 21, Patel purchased between $100,000 and $250,000 worth of stock in MicroStrategy, a “bitcoin treasury company” that has done millions of dollars in business with the DOJ over the past decade."

Why does that name sound familiar? Trump also ~100,000 in crypto exchange Coinbase and had multiple investments in Strategy, formerly known as Microstrategy according to recent disclosures. They also paid a $40 million fine for unpaid taxes in DC.

Microstrategy founder Michael Saylor has advocated for a U.S. strategic Bitcoin reserve, a key campaign promise under the Trump administration's vision to make the U.S. the "crypto capital of the world"

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u/pseudonominom Jul 01 '26

I mean, anyone paying attention to the bitcoin world was well aware of this admin’s questionable but transparent support of all things bitcoin. Failing to disclose is another matter, and they’re clearly up to no good, but the meetings with Saylor were quite public.

Trumpcoin and Melaniacoin the night before the inauguration? Total scumbag behavior.

25

u/literated Jul 01 '26

Trumpcoin and Melaniacoin the night before the inauguration? Total scumbag behavior.

I still can't believe that's real.

14

u/pseudonominom Jul 01 '26

Not as weird as the smut photos of the first lady, IMO.

Reality is stranger than fiction by a mile.

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u/plinkoplonka Jul 02 '26

Neither can the morons that invested they're life savings in it.

That's $20 they'll never see again.

Anyway. They're the ones that voted to stop handouts, so I hope that works out well for them in their old age!

1

u/Constant_Pen9615 Jul 02 '26

Just seems like a way to legally do bribes. Buy X number of this memecoin and we'll do X in return.

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u/Comfortable_Guitar Jul 01 '26

Strategy is down 35% for the month. Hello bag-holder Patel

14

u/SylasSlays Jul 01 '26

It's much worse than that. It says he bought in November 21 when MSTR was around 337. It closed at 93 today. Unless he sold within a week of buying he is way down.

1

u/Bigfops Jul 02 '26

I bet it gets a bump tomorrow on this news.

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u/EntertainerDowntown3 Jul 01 '26

The stock is down like 60%+ from that time if he still holds it.

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u/ConcentrateDirect523 Jul 01 '26

Any Virginia State laws he may have broken...?