Companies that saw federal cases dropped gave or pledged $210.5 million to Trump-aligned super PACs, report finds

Corporations, executives and investors that benefited from canceled federal enforcement actions have given or pledged $210.5 million to MAGA Inc. and other super PACs aligned with President Donald Trump, according to a Public Citizen report published October 8.

The report, written by Public Citizen research director Rick Claypool, follows an earlier Public Citizen finding that more than 200 corporations have benefited from canceled federal enforcement. Its figures come from the October 2026 update to the group’s Corporate Enforcement Tracker, which covers investigations, enforcement lawsuits, prior settlements and other accountability measures that the Trump administration inherited from the Biden administration in 2025. Public Citizen lists government records, legal filings, securities filings and news reports as its sources.

Among the named donors, Crypto.com gave $35 million to MAGA Inc. and $2 million to Keep America Great, the report says. The Securities and Exchange Commission had investigated the company over allegations that it facilitated trades of unregistered securities. The report also lists Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, which faced a similar SEC investigation. Gemini gave $20 million to MAGA Inc., and each of the two co-founders gave $10 million personally, according to the report.

Public Citizen lists Elon Musk’s companies among the largest beneficiaries. The report counts eight canceled actions involving Tesla and SpaceX, four for each. For Tesla, it lists three canceled National Highway Traffic Safety Administration investigations and one planned Department of Labor contractor inspection. For SpaceX, it lists a National Labor Relations Board complaint over the firing of workers who signed a letter criticizing Musk, a Justice Department Civil Rights Division case alleging discrimination against asylees and refugees in hiring, concerns about the xAI data center in Memphis, and an SEC case over Musk’s acquisition of Twitter. According to the report, the SEC originally sought a $150 million penalty in that case and settled for $1.5 million before dismissing it.

The report says Musk gave $5 million to MAGA Inc. and pledged $100 million to Republican candidates in the 2026 midterms, largely through America PAC, which he controls.

The venture capital firm Andreessen Horowitz and its co-founders, Marc Andreessen and Ben Horowitz, gave $12 million to MAGA Inc., according to Public Citizen. The report says nine companies in the firm’s portfolio benefited from canceled actions, among them Coinbase, Kraken, Meta and Robinhood. It cites a New York Times report that the firm and its co-founders have spent $115.5 million on the 2026 elections so far.

Other entries in the report include UnitedHealth, which gave $5 million to MAGA Inc. after the Justice Department allowed its acquisition of Amedisys with divestitures and a civil penalty, and the GEO Group, which gave $4.413 million after the National Labor Relations Board withdrew a case alleging that detainees were punished for protesting pay and conditions. Florida Crystals, owned by the Fanjul family that co-owns Central Romana Corporation, gave $3 million after Customs and Border Protection lifted an import ban imposed over alleged forced labor, the report says.

In a news release, Public Citizen co-president Robert Weissman said: “Once the check is cashed, the administration is pulling back enforcement actions meant to punish corporate misconduct.” Claypool said in the same release that the scale of the contributions “raises fundamental questions” about what corporations expect from political investment.

The report says Trump has described MAGA Inc.’s funds as “my money I control,” a remark it attributes to a New York Times report, and that the comment drew complaints about federal election law.

The report includes no response from the White House, MAGA Inc. or the named companies. Public Citizen states that its database is not comprehensive because not all enforcement data is public and disclosed information is not always consistent. The report also states that investigations or allegations do not necessarily mean any law was broken.