BBC News reports that members of the Trump administration may be engaging in illegal insider trading based on unusual spikes in oil futures, stocks, and prediction markets minutes or hours before President Donald Trump makes announcements that often contradict his positions:
The BBC has examined trade volume data on several financial markets and matched them to some of the president’s most significant market-moving statements.
It found a consistent pattern of spikes just hours, or sometimes minutes, before a social media post or media interview was made public.
Some analysts say it bears the hallmarks of illegal insider trading, whereby bets are made by people based on information that is not available to the general public.
(Source: BBC News)