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US Defense Official Overseeing AI Reaped Millions Selling xAI Stock
Expert said federal law bars officials from taking actions in their jobs that benefit their own financial interests
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Corky
Joined 2005/05/24Visited 2026/04/10
Status: user
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Undersecretary Michael's profits in xAI -- reportedly up to $24 million -- get some scrutiny. @theguardian.com www.theguardian.com/us-news/2026 ... [image or embed] -- Carl Quintanilla (@carlquintanilla.bsky.social) Apr 10, 2026 at 6:27 AM
Undersecretary Michael's profits in xAI -- reportedly up to $24 million -- get some scrutiny. @theguardian.com www.theguardian.com/us-news/2026 ... [image or embed]
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"Richard Painter, a former ethics lawyer at the White House under President George W Bush, said that in general it was a criminal violation for government officials to participate in any government actions that would benefit their own financial interests.
"It sounds pretty weird," he said of the transactions. "There is no way that a decent ethics lawyer would let a [defense department] official hold on to AI stock while he's involved in AI matters.
You would have a very high chance of violating the criminal statute." Federal law prohibits officials from taking actions in their jobs that benefit their own financial interests."
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He can apply for a Cabinet Job with those scam credentials.
#1 | Posted by Corky at 2026-04-10 10:40 PM | Reply
See? No one cares about gov corruption anymore... DJT made it commonplace.
#2 | Posted by Corky at 2026-04-11 02:29 PM | Reply
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