Source: ProPublica Trump Team Financial Disclosures (1,582 appointees, 117K assets), cross-referenced against all major ICE contractors across the seven-stage pipeline. Compiled April 8, 2026.

Stage 1: Targeting (Palantir — 142 hits)

Palantir runs ImmigrationOS, ICM, and the entire case management backbone.

Revolving door: Clark Minor (HHS CTO, ex-Palantir Global Head of Cloud), Jacob Helberg (Under Sec State, current Palantir Senior Advisor to CEO, $840K consulting), James Caggy (Asst SecDef Mission Capabilities), Thomas M. Williams (OMB Defense, spouse Palantir employee with $2M+ equity)

Procurement officials holding PLTR: Kevin Rhodes (OMB Federal Procurement Policy — directly oversees contracting), Gregory Barbaccia (OMB Federal CIO — IT procurement, ex-Palantir employee)

Policy officials: Stephen Miller (White House, architects deportation policy), Kash Patel (FBI Director), Troy Dean Edgar (DHS Deputy Secretary), Donald Trump (President)

Stage 2: Data Brokering (LexisNexis/RELX — 21 hits; Thomson Reuters — 12 hits)

Most significant: Thomas D. Homan (Border Czar) holds RELX PLC (LexisNexis parent) stock in personal IRA while directly overseeing ICE, which awards LexisNexis data contracts.

Also: Jonathan Gould (Comptroller of Currency) holds both RELX and Thomson Reuters; Charles Kushner (Ambassador to France) holds RELX; Donald Korb (IRS Chief Counsel) received RELX legal fees pre-government.

Stage 3: Skip-Tracing & Surveillance (GEO Group/BI Inc — 4 hits)

Most significant: Thomas D. Homan (Border Czar) received GEO Care consulting fees — direct compensation from a GEO Group subsidiary, while directing ICE operations that generate GEO’s revenue.

BI Incorporated (GEO subsidiary running ISAP ankle monitors and $121M skip-tracing) returns 0 direct hits — but GEO Group is the parent.

Also: Lucas Croslow (FTC General Counsel) received GEO Group legal fees; Christopher Danley (Interior) actively trades GEO stock.

Stage 4: Warehouse Acquisition (Goldman, Deutsche Bank, Blue Owl, Carlyle, Rockefeller — 300+ combined hits)

See comprehensive-conflict-of-interest-map for the full 11-seller analysis.

Most significant: Edward Forst (GSA Administrator) — former Goldman Sachs partner, holds $1.8M-$6.1M+ Goldman exposure, holds CBRE stock (brokered Williamsport sale), holds CoStar stock (documented overpayments), holds Palantir stock. All 11 purchases ($1.074B) closed after his December 24 swearing-in.

Blue Owl: 33 officials including Trump ($5M+), SecNav Phelan (whose command runs WEXMAC-TITUS) Carlyle: 22 officials including Under Sec Defense Policy Colby Goldman Sachs: 206 results including Forst Deutsche Bank: 34 results including Forst (legacy pension), Feinberg (Deputy SecDef)

Stage 5: Detention Operations (GEO Group — 4 hits; CoreCivic — 2 hits)

GEO Group: Homan (Border Czar, consulting fees), Croslow (FTC GC, legal fees), Danley (Interior, active trading), Feinberg and Lamelas (ambassadors, stock)

CoreCivic: Marc Berkowitz (Asst SecDef Space Policy, holds CXW), Stacey Feinberg (Ambassador Luxembourg, holds stock — also holds GEO and Carlyle)

David Venturella (not in ProPublica database but documented separately): Left GEO Group ($6M+ compensation over 12 years) → now runs ICE detention contracting with ethics waiver.

Stage 6: Deportation Flights (CSI Aviation, GlobalX, World Atlantic — 0 hits)

All privately held charter companies. No disclosures found.

Stage 7: Military Detention (Acquisition Logistics LLC — 0 hits)

Privately held. $1.24B Camp East Montana contract. No disclosures found.

The Structural Finding

The conflict is not incidental. It is architectural:

• The officials who designed the policy (Miller, Trump) hold stock in the companies executing it (Palantir, Blue Owl, Goldman)
• The official who oversees federal procurement (Rhodes/OMB) holds Palantir stock
• The official who oversees federal IT procurement (Barbaccia/OMB) is a former Palantir employee
• The official whose agency should have checked the prices (Forst/GSA) holds Goldman, CBRE, CoStar, and Palantir stock
• The official whose command administers the bypass (Phelan/SecNav) holds Blue Owl stock
• The official directing enforcement (Homan/Border Czar) received GEO Care consulting fees and holds LexisNexis parent stock
• The official running ICE detention contracting (Venturella) spent 12 years at GEO Group

Every stage of the pipeline — from targeting to detention to the warehouses that house the detained — has officials with financial ties to the contractors profiting from that stage.

Summary Table

Sources

• ProPublica Trump Team Financial Disclosures Database (April 8, 2026)
• Cross-referenced against all entries in detention-industrial KB contracts directory