Fuming Trump ex-lawyer warns White House 'grift is on and it’s stunning'

President Donald Trump’s former lawyer told CNN on Tuesday that the Republican leader is grifting the American people — and it’s stunning.

Ty Cobb, who worked for Trump during his first term, described Trump in this way to CNN host Erin Burnett after she described how the president has earned anywhere from $1 billion to more than $2 billion in his cryptocurrency ventures since resuming office last year.

“This isn't a cumulative number — it's in one year,” Cobb told Burnett. “This is an industry he has actively promoted and supported, and — on policy, executive orders related to it — is it legal? I don't believe so, and certainly I don't think it was contemplated by the Founders when they created the Emoluments Clause.”

After criticizing Trump for making several hundred million dollars off of commemorative coins that include his likeness, Cobb described the cryptocurrency market as “a slimy industry,” adding that “where he creates policies that can only enrich himself and his family, is something that I think the average American should be staggered by.” He similarly denounced the $1.8 billion slush fund that Trump created with acting attorney general Todd Blanche, describing the overall profiteering by the Trump family as “the greatest onslaught of corruption in the history of mankind in the last 18 months” and concluding that “the grift is on. It's stunning.”

Burnett then asked Cobb about reports that the Trump sons used their government connections to close a $1.6 billion deal for tungsten in Kazakhstan.

“It is the shame of the nation, and people should be paying attention,” Cobb said. “Look back at the Iran war — it shouldn't have been started, but once it was started, what did we learn? We learned that the Trump sons have a drone company and have become a huge government contractor. Then you hear this Kazakhstan deal announced — it was announced in November of 2025, when the $1.6 billion in financing was disclosed. What we didn't know was that the Trump sons, just a few weeks earlier — actually just days before the deal was announced — had acquired an interest in a company that has a substantial portion of that deal. And they've only gotten closer, corporately, with the people involved in that deal.”

He concluded, “So we see the 14 companies you were talking about that the Trump sons or the Lutnick sons have an interest in. The amount of guaranteed financing from the United States government for those 14 companies pursuing those deals: $9 billion. So yes, people should pay attention. It is staggering.”

Despite initially working for Trump, Cobb has since emerged as one of his most outspoken critics, even describing him as a “madman” who imperils democracy and urging for the 25th Amendment to be invoked so he can removed from power on the grounds of lack of mental fitness.

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