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MAGA Inc. - CorpWatch's latest report - is a deep dive into the companies that have bankrolled and benefited the most from the 'Make America Great Again' movement launched by President Donald Trump.
(Download a PDF copy here.)
While Donald Trump and his friends in Silicon Valley are betting heavily on artificial intelligence and crypto-technologies to make a quick buck from data mining, others are cashing in on the fact that this data mining also generates real world possibilities of making money in the bricks-and-mortar world.
(Click here for the table of contents of MAGA Inc.: A Guide to Trump's World of Crypto Czars, Tech Titans and Prison Profiteers.)
When Nathan Bernard, an activist tracking immigration raids in Portland, Maine, filmed an ICE agent taking pictures of her in late January 2026, she questioned why he was photographing her. "Because we have a nice little database, and now you're considered a domestic terrorist,” the masked agent replied.
(Click here for the table of contents of MAGA Inc.: A Guide to Trump's World of Crypto Czars, Tech Titans and Prison Profiteers.)
Zane Shamblin, a computer science and business graduate in Texas, killed himself on July 24, 2025, after a four-hour drinking session and “death chat” with ChatGPT, an AI bot that provided seemingly human responses to his questions over his anxiety, depression and suicidal thoughts.
(Click here for the table of contents of MAGA Inc.: A Guide to Trump's World of Crypto Czars, Tech Titans and Prison Profiteers.)
Project Oracle, the inspiration for the company that Larry Ellison co-founded, was a contract issued by the Central Intelligence Agency back in 1975 to build a system for the mass storage of digital data.
A couple of months before the November 2024 election, a curious document landed in investors' inboxes. Titled the “World Liberty Gold Paper” and emblazoned with a stern-looking picture of Donald Trump in a coin-shaped splash of gold, it announced the Trump family’s entrée into the world of cryptocurrencies. Within a year, half of Trump's estimated US$6.6 billion wealth would come from this new venture.
Plane spotters have long been able to track celebrities like Taylor Swift as well as clandestine U.S.
In late August 2025, around 500 migrants were taken to a detention center in California City in the Mojave desert some 100 miles north of Los Angeles. This former state government-run facility, which was shuttered in 2023, was re-opened under contract to CoreCivic, a private prison giant, to house a surge in U.S. Immigration and Customs Enforcement (ICE) detainees.
In early May 2025, Ras Baraka, the mayor of Newark, New Jersey, was arrested for attempting to inspect the Delaney Hall detention center in his city. The center is run by GEO Group, a private prison company, on behalf of the U.S. Immigration and Customs Enforcement (ICE) agency.
(Click here for the table of contents of MAGA Inc.: A Guide to Trump's World of Crypto Czars, Tech Titans and Prison Profiteers.)
One of the biggest beneficiaries of the presidency of Donald Trump is a Wall Street services firm named Cantor Fitzgerald, which has become a major source of funds for crypto executives and AI infrastructure such as data centers.
(Click here for the table of contents of MAGA Inc.: A Guide to Trump's World of Crypto Czars, Tech Titans and Prison Profiteers.)
Energy Transfer LP, which is based in Dallas, Texas, is one of the five biggest pipeline companies in the U.S. with a presence in 44 states (predominantly in the Texas-Oklahoma-Louisiana corridor) as well as internationally. It specializes in “transportation, storage and terminaling for natural gas, crude oil, NGLs, refined products and liquified natural gas.”
Trump’s pro-crypto vision has been a blessing for “tether” - the world’s most traded cryptocurrency, a type of stablecoin pegged to the U.S. dollar - which trades as USDT.
The Trump family cashed in on DeFi just before the 2024 U.S. election by creating a new entity called World Liberty Financial, which is partly owned by a Trump family corporate entity, DT Marks DEFI LLC.
(Click here for the table of contents of MAGA Inc.: A Guide to Trump's World of Crypto Czars, Tech Titans and Prison Profiteers.)