Nepo Baby Don Jr. "invested heavily" in company set to receive a $260 million Defense Department loan
Trump has handed a company partnered with Donald Trump Jr. a multi-million dollar deal in what has been described as a "cloud of conflict".
The deal for Vulcan Elements will see the company given a government contract to increase the domestic industrial supply of magnets. Trump Jr. had invested heavily in Vulcan Elements earlier this year, and they are now set to receive a $260 million Defense Department loan as part of a deal.
It's part of a wider investment in the tiny-earth company and magnets sector, with a $1.4 billion loan distributed by the Trump administration. Four firms within 1789 Capital’s portfolio, the venture company Trump Jr. is partnered with, will receive a significant portion of the $1.4 billion loan.
Kedric Payne, an ethics attorney, has criticized the president and says he has created a "cloud of conflicts" by loaning money to Trump Jr businesses.
https://www.rawstory.com/trump-money-2674365916/