Ex-federal prosecutors say Trump media company's scheme to sell early access to Truth Social posts is likely criminal
September 21, 2026 / 5:17 PM EDT / CBS News
TL;DR
- 53 former federal prosecutors and agents believe Trump Media & Technology Group's Truth API service is likely committing federal crimes.
- The Truth API charges $100,000 for real-time access to posts from high-ranking Truth Social accounts.
- The service is the focus of a lawsuit by The Intercept and the Freedom of the Press Foundation, seeking to block early access to Trump's posts.
- The lawsuit alleges the service is "profoundly corrupt" and violates the First and Fifth Amendments.
- Former officials argue the scheme risks violating laws against insider trading, illegal gratuities, conflicts of interest, and the Trade Secrets Act.
- The brief suggests criminal liability could extend to both government officials and paying subscribers.
- A hypothetical example illustrates how a paid subscriber could illegally trade on market-moving information obtained early.
- Notable signatories include former prosecutor Ryan Crosswell and former White House counsel Ty Cobb.