Don Jr.’s Investment Firm Is About to Miraculously Lose Some Documents

There is more than one Donald Trump who really does not want Democrats to win the midterms.

While the president hopes to avoid congressional oversight and accountability for the various lawless acts he has committed and authorized, at least “his” Supreme Court has shielded him from criminal liability for “official acts.” For example, an argument could be made (certainly by an attorney general who is loyal to his boss and not the law) that this would include things like taking bribes for pardons, taking bribes for actions carried out by various federal agencies that benefit certain companies, taking bribes from countries to reduce tariffs, extorting money through lawfare, lining one’s own pockets to the tune of $2.2 billion in just one year, insider trading, etc.

All of this is speaking hypothetically, of course.

Don Jr., however, does not enjoy these protections. Today, however, he is probably wishing that he did.

That’s when Rep. Jamie Raskin (D-MD), the ranking member of the House Judiciary Committee, put him on notice that one of his companies, 1789 Capital Management, LLC, will be in the panel’s crosshairs if the Democrats prevail in the midterms.

In a letter to Trump Jr.; the firm’s president, Omeed Malik; and its chief investment, officer Christopher Buskirk, the lawmaker noted the transformation of the venture capital firm from a dud to a company with a “Midas touch” that coincided with bringing on board the president’s son right after his dad won a second term in office.

“A trio of businessmen with heretofore lackluster records in the market was suddenly running the hottest firm in the United States, picking out with almost clairvoyant accuracy winner after winner by investing in companies that would soon come to win hugely lucrative federal government contracts and grants and favorable regulatory actions,” Raskin wrote in a letter that asks 1789 Capital to produce a series of documents related to this success.

Fortunately for Don Jr., since the Democrats are currently in the minority, they cannot compel the release of the requested documents.

For that, they would need the help of the GOP. However, while the committee’s Republicans spent the last two years of Joe Biden’s term almost exclusively on probing his son Hunter (who was indicted by his own dad’s supposedly “weaponized” Department of Justice), their appetite for investigating corrupt presidential offspring has waned considerably since Trump took over.

All that is about to change according to polls and the prediction markets.

Speaking of which, one of the fortuitous investments 1789 Capital made was in Polymarket.

As Raskin points out, the company was barred from operating in the US while also being investigated for circumventing that ban when the elder Trump was elected. That probe was ended in July of 2025 and Polymarket was free to commence business in the US.

A few weeks later, 1789 Capital acquired a stake in Polymarket, which was valued at $1 billion at the time. Now, it is worth 15 times as much.

It is one of several examples that Raskin used to point out how Don Jr. ‘s investment firm miraculously managed to invest in companies that soon after benefited from actions taken by his father’s administration.

The lawmaker believes there is only one inevitable conclusion.

“[It] is now impossible to believe that your firm’s astonishing growth and success are due to anything other than insider political influence and thoroughgoing corruption,” he wrote.

“Indeed, President Trump recently admitted that his oldest sons have ‘inside information’ with ‘almost anything they do,’” the lawmaker added. “Whether government decisions and contracts are being manipulated to ensure that your firm and the President’s family get a cut of the action or your firm and the President’s family are being given advance insider information about those forthcoming decisions and contracts (or more likely both), these practices constitute clear violations of laws banning governmental conflicts of interest, political insider trading, exploitation of public office for financial gain, and fraud.”

To ascertain how these investments came about, Raskin asks for a range of documents, such as communications between government employees and the firm, records related to the decision to enter into a business relationship with Don Jr., and research the firm had done prior to making investments.

We don’t want to sound overly skeptical, but the lawmaker may be waiting in vain for 1789 Capital to turn over any of these files by the September 9 deadline. Indeed, if there were a way to invest in such a thing on Polymarket, we’d bet on some of the documents disappearing before Raskin takes over the committee’s gavel and gets subpoena power.