White House Teleprompter Operator Fined for Predicting Trump's Speeches
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A White House teleprompter operator who left his post amid accusations that he used inside knowledge to make bets on Donald Trump’s speeches on an online prediction market has been fined $172,000, according to federal regulators.
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The HillWhite House teleprompter operator who placed bets on Trump’s speeches ordered to pay $172K The White House teleprompter operator who placed online bets on President Trump’s speeches has been ordered to pay a total of $172,000, a federal agency said Friday. The Commodity Futures Trading Commission (CFTC) said in a news release that Gabriel Perez must pay out his profits from trade, totaling $107,539.02, in addition to a civil…
BBC NewsPublished A former White House teleprompter operator has been ordered to pay more than $172,000 (£127,000) for using inside information to bet on US President Donald Trump's speeches.
Associated PressWASHINGTON (AP) — A former White House teleprompter operator accused of using inside knowledge to make bets on the prediction market Kalshi has been ordered to turn over more than $100,000 in profits and pay a $65,000 fine as part of a settlement with federal authorities.
NBC NewsA teleprompter operator for President Donald Trump who made online prediction trades based on information from upcoming speeches has been ordered to pay $172,000, a federal agency said Friday night.
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Gabriel Perez exploited “material, nonpublic information” that he gathered through his work for the president in order to place wagers on the Kalshi platform “for his personal benefit”, the Commodity Futures Trading Commission (CFTC) maintained in a news release on Friday.
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NBC NewsGabriel Perez used “material, nonpublic information” he obtained through his job to place “trades” on a prediction market, the Commodity Futures Trading Commission said in a news release.
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Its regulator, the Commodity Futures Trading Commission (CFTC), said Perez would have to surrender profits of $107,539.02 (£79,452) and pay a civil penalty of $65,000 (£48,000).
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The Guardian USThe CFTC ordered Perez to both “disgorge the profits he made from his unlawful [conduct]” totaling $107,539.02 and to pay a civil penalty of $65,000, the agency’s news release said. Such amounts represented “a substantial discount”, the CFTC added, attributing that to what the agency called “Perez’s exemplary cooperation” with its investigation into him.
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The White House did not immediately comment on the settlement. A White House official said in July that Perez was no longer in his position but did not say if he had been fired or resigned.
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BBC NewsThe White House has not yet commented. In July, then-press secretary Karoline Leavitt said Perez was on unpaid leave and would not return to his post.
NBC NewsThe White House did not immediately respond to an email seeking comment Friday night. Perez could not be reached for comment.
The Guardian USThe CFTC issued its news release about Perez on Friday, about a month after the White House said he no longer had his job there. It was unclear whether Perez resigned or was fired.
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The CFTC cited what it called Perez’s “exemplary cooperation” in the case when announcing the fine and penalties Friday.
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The Guardian USIn its news release on Perez’s fine, meanwhile, the CFTC made it a point to thank Kalshi for its “assistance … in this matter”.
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Perez was ordered to pay the money he made in profits, $107,539.02, as well as a civil penalty of $65,000.
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Associated PressPerez was ordered to repay his profits in full, along with the $65,000 civil penalty, which the commission said was a reduction because of his “exemplary cooperation.”
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Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 The Guardian US Yet his departure came after he was reportedly put on unpaid leave amid an investigation into whether he had used his inside knowledge to win more than $100,000 betting on what Trump would say on big occasions, including his State of the Union address in February. The White House press secretary at the time, Karoline Leavitt, had described the reports of insider trading by Perez as “deeply unfortunate and, frankly, a disgrace”.
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02 BBC News It said it had used account data to find that the user was a federal employee operating White House teleprompters, and had reported the activity to the regulator.
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03 Associated Press The settlement with the Commodity Futures Trading Commission, announced Friday, also dealt Gabriel Perez a three-year trading ban. Perez was placed on unpaid leave from his job at the White House after reports emerged that he used his position to make bets on what President Donald Trump would say in speeches.
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04 NBC News He’s also banned from trading on prediction markets for three years, the CFTC said.
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05 Reuters CFTC fines former White House aide $172,000 for trading on Trump speech information - Reuters CFTC fines former White House aide $172,000 for trading on Trump speech information Reuters
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Sources (6)
- ap
- thehill
- nbc
- guardian
- bbc
- reuters