Democrats to investigate ‘miraculous’ rise of Trump Jr’s investment firm
Congressman Jamie Raskin asks president’s son to detail firm’s recent success after he joined 1789 Capital as partner
TL;DR
- Democrats on the House Judiciary Committee are investigating 1789 Capital, a venture capital firm co-founded by Donald Trump Jr.
- Congressman Jamie Raskin has requested records from Trump Jr. and firm founders regarding investments and communications with government officials.
- Raskin alleges the firm's rapid growth and success since Trump Jr. joined are due to insider political influence and corruption.
- The firm's assets under management reportedly increased from $150 million to $3.5 billion after Trump Jr. joined.
- Forty percent of the firm's assets come from foreign investors.
- Examples cited include investments in Vulcan Elements and Anduril Industries, companies that have also received significant government contracts and loans.
- The firm's counsel, AJ Merton, dismissed the allegations as "unsubstantiated talking points" and "partisan stunts."