US senator calls for insider trading inquiry over Trump donors buying $12m worth of shares

The GuardianWednesday, December 10, 2025 at 12:00:03 PM
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US senator calls for insider trading inquiry over Trump donors buying $12m worth of shares
  • A senior Democratic senator has called for an investigation into potential insider trading involving fossil-fuel billionaires Robert Pender and Michael Sabel, who purchased shares worth nearly $12 million each in Venture Global shortly after meeting with Trump administration officials. This unusual buying activity has raised concerns about the timing and motivations behind these transactions.
  • The inquiry is significant as it could reveal whether the stock purchases were influenced by privileged information obtained during the meetings with Trump officials, particularly as the administration later issued a regulatory permit that benefited Venture Global.
  • This situation highlights ongoing concerns regarding the intersection of politics and business, particularly in the fossil fuel sector, where financial gains may be closely tied to political connections and regulatory decisions, raising questions about transparency and ethical conduct in corporate governance.
— via World Pulse Now AI Editorial System

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