President Trump purchased over $100 million worth of bonds since he took office for his second term in January, according to Office of Government Ethics filings.
The filings, released on Tuesday night, showed that the president began purchasing on Jan. 21, the day after the inauguration, and purchased over 30 more corporate and municipal bonds in that month. Through Aug. 1, he made nearly 700 bond purchases.
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The filing is a periodic report released after the Office of Government Ethics reviewed the transactions and certified them as in compliance, including getting Trump’s signature, according to a senior White House official. The official said that the president has no role in managing his investments, and they are managed by a third-party financial institution.
The official added that neither Trump nor any member of family had direct input into the investments and all decisions are made by independent management.
The bonds Trump purchased, according to the filings, was sold by entities like Triborough Bridge and Tunnel Authority, a health facility in Alachua County, Fla., a Michigan public power agency and a Johnson County, Kan., park and recreation office.
Bonds were also purchased from some major companies, including Home Depot, T-Mobile USA, UnitedHealth Group, Wells Fargo, Morgan Stanley and Qualcomm.
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The filing does not give a specific amount of each purchase, but the lowest range from $50,001 to $100,000 and the largest range from $500,001 to $1 million.
Trump has been criticized for mingling politics with his business interests throughout his second term, with ethics watchdogs and Democrats accusing him of profiting off of the presidency through ventures like the launch of a cryptocurrency, Trump-branded sneakers and Bibles and a line of fragrances.
