Ed Elson

The Iran war is shining a spotlight on insider trading, and Washington may be at the center of it.

On Monday morning, roughly $1.5 billion in S&P futures were purchased, and $192 million in oil futures were sold.

That was five minutes before President Trump announced that productive conversations with Tehran were underway.

The position netted $60 million minutes after the Truth Social post,

Senator Chris Murphy called it, quote, mind-blowing corruption and asked publicly whether Trump, a family member or a White House staffer, was behind the trade.

Meanwhile, the FT separately flagged $580 million in crude oil futures that traded 14 minutes before the announcement.

Okay.

Here to help us untangle what is going on here, we're speaking with Anthony Scaramucci, the founder and managing partner of SkyBridge Capital.

Anthony, thank you for joining us.

Please, I know you have thoughts.

I'm so glad you mentioned all of the previous instances that this has happened, because it seems that everyone is focused on, look at the insider trading as it relates to Iran.

And then my mind goes back to, yes, exactly, Liberation Day, when we seemed to see the same thing.

Then the post-Liberation Day taco.

We've seen this constantly over and over again.

As you say, it's happened on both sides, but the level with which it has been

I guess, shameless.

The fact that they don't seem to care at all.

The fact that the kids are investing in these drone companies as well before we go and launch these attacks on Iran.

Combined with the fact, as you also mentioned, you made all the points that I hoped you would make, which is...

the SEC director has left because she tried to investigate this stuff, and she got scolded by her bosses, and we saw similar things with the DOJ as well.