Trump family profits from blockbuster deal in Central Asia despite backlash due to 'proof problem': expert
After the Trump Organization, led by President Donald Trump's eldest sons Donald Trump Jr. and Eric Trump, made a controversial investment in a construction company that now stands to profit...
By Fox News · Fox News
After the Trump Organization, led by President Donald Trump's eldest sons Donald Trump Jr. and Eric Trump , made a controversial investment in a construction company that now stands to profit from a rare earth minerals deal funded by the U.S. government. While the deal raises suspicions, one securities attorney says evidence of wrongdoing is likely impossible to find and acknowledged that critics have a "proof problem." "Well, the question is whether President Trump would have known about his sons’ investments in this company, and I think the answer would be ‘no’ unless the sons told them," Andrew Stoltmann, a Chicago-based securities and investment fraud attorney, told Fox News Digital. "Look, they are private investors," he continued. "They are not government employees. So, to the extent they make a passive investment in a company or an entity, there are no real duties to disclose this information." RESOURCE-RICH NATION PRAISES US TIES AMID WASHINGTON-BEIJING CRITICAL MINERALS RACE The controversy stems from a tungsten mining deal in Kazakhstan, which primarily involves U.S.-based investment company Cove Capital, and the company's mining affiliate, Cove Kaz Capital Group. Between 2023 and 2024, Cove Capital negotiated with the Kazakh government to take a 70% share in the country's state-owned tungsten mining deposits. Tungsten is a rare earth mineral that is critical to building military equipment, including missiles and fighter jets. The lion's share of the earth's supply of the mineral is owned by China and Russia. Trump, since returning to office, has made it a strategic national security priority to secure a long-term supply of the resource. In August 2025, through an investment vehicle created by Dominari Securities, which is housed in Trump Tower in New York, the Trump brothers purchased a minority interest in a construction company Skyline Builders, which at the time was publicly traded on the NASDAQ under the ticker SKBL. HOWARD LUTNICK SHUTS DOWN DEM QUE…