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Financial Flows

11 entries tracking the money — loan portfolios, contract values, warehouse markups, and conflicts of interest.

Howard Lutnick — Commerce Secretary, Newmark Officer/Director, ICE Warehouse Brokerage Conflict
Commerce Secretary Lutnick held $80M+ in Newmark stock for 8 months after confirmation while Newmark brokered ICE warehouse deals. Son Kyle now sits on Newmark board.
Analysis
142 Trump Administration Officials with Palantir Financial Ties
142 Trump officials have Palantir financial ties, the largest conflict footprint of any detention contractor. Includes revolving-door hires at HHS, State, DOD, and both OMB procurement chiefs.
Analysis
33 Trump Administration Officials with Blue Owl Capital Investments
33 Trump administration officials hold Blue Owl Capital investments per ProPublica disclosures, including Trump ($5M+) and SecNav Phelan, whose command administers WEXMAC-TITUS.
Analysis
Brendan Rogers (Asst SecNav) — Loan Receivables from CBRE Logistics Partners AND JLL Partners Fund IX
Asst SecNav Rogers has loan receivables from CBRE and JLL (both brokered ICE warehouse deals) plus Blue Owl stock, while his department administers WEXMAC-TITUS procurement.
Analysis
Comprehensive Conflict-of-Interest Map: 11 ICE Warehouse Sellers × Trump Administration Officials
Cross-reference of all 11 ICE warehouse sellers against Trump official financial disclosures. GSA Admin Forst's former employers Goldman and Deutsche Bank sold $274.7M in warehouses.
Analysis
Full ICE Contract Pipeline — Conflict of Interest Map Across All Stages
Maps financial conflicts across all 7 stages of the ICE pipeline, from Palantir targeting (142 officials) to detention ops. Every stage has officials with financial ties to contractors.
Analysis
GEO Group Financial Ties to Trump Administration Officials
GEO Group ties to Trump officials: Homan received GEO Care consulting fees as Border Czar, Venturella went from 12 years at GEO to running ICE detention contracting with ethics waiver.
Analysis
Goldman Sachs $352.7M Fundrise Refinancing — 12-Property Portfolio Analysis
Goldman Sachs and TPG refinanced Fundrise's 12-property industrial portfolio for $352.7M in June 2025. Only Williamsport, MD was sold to DHS; remaining properties fit future ICE targets.
Analysis
SEC Filing Analysis — Fundrise East Coast REIT and RREEF Core Plus Industrial Fund
SEC filing forensics on Fundrise (Williamsport MD) and RREEF/Deutsche Bank (SLC UT) warehouse ownership chains. Fundrise investors lost 33% while property was sold to DHS.
Analysis
The Warehouse Profiteering Pattern — How Institutional Investors Extract Taxpayer Wealth Through ICE Purchases
Documents how ICE warehouse purchases function as wealth transfers: institutional investors buy distressed properties, DHS purchases at enormous markups via WEXMAC-TITUS, extinguishing bank debt with taxpayer funds.
Analysis
Thomas Homan (Border Czar) — Complete Conflict Portfolio Across ICE Contractor Categories
Border Czar Tom Homan holds financial ties spanning every ICE contractor category: GEO Care fees, LexisNexis/RELX stock, CBRE stock, Prologis stock, and Blackstone stock.
Analysis