Andrew McCarthy — a conservative former federal prosecutor and longtime right-wing legal commentator — dropped a blistering essay over the weekend calling out what he describes as an eye-popping Trump financial scandal and the deafening silence surrounding it from Republican lawmakers who once claimed to care deeply about corruption.
McCarthy, who served as an assistant U.S. attorney in the Southern District of New York and now writes for National Review, didn’t hedge. He laid out what he calls the “sordid story” of Donald Trump, his inner circle, and a crypto venture tied to foreign money — and then asked the question hanging over Washington: why isn’t anyone investigating this?
According to McCarthy, the story begins in the fall of 2024, when Trump and close ally Steve Witkoff launched a crypto company, World Liberty Financial, just weeks before Trump was poised to reclaim the White House. The timing, McCarthy argues, was no coincidence.
“It’s a long story, but let’s cut to the chase,” McCarthy wrote. “WLF was (and remains) an ideal vehicle for leveraging political power in search of financial gain.” He went on to explain why crypto is uniquely suited for that purpose: opaque, poorly understood, and easy to dress up political influence as legitimate investment.
McCarthy didn’t stop there. He argued that Trump and Witkoff could claim the venture was technically run by family members outside government, even though Trump’s political power was “the magnet for foreign investment and consumer purchases.”
Then came the comparison Republicans really don’t want to hear.
Before diving deeper into Trump’s dealings, McCarthy reminded readers that National Review and House Republicans spent years obsessing over the Biden family’s finances. GOP investigators hauled witnesses, issued subpoenas, threatened contempt charges, and even launched an impeachment inquiry — all centered on claims that the Bidens had monetized Joe Biden’s public office.
Republicans plastered one number everywhere: $27 million.
McCarthy’s assessment was brutal.
“You know what the difference is between the Biden family business and the Trump family business?” he wrote. “You’d have to add two digits to the sum of Biden abuses of power… to get near what Trump has raked in just from the UAE.”
In other words: if $27 million justified years of investigations, hearings, and impeachment theatrics, then Trump’s alleged haul makes that figure look like pocket change. And yet — nothing.
“There haven’t been any” investigations into Trump, McCarthy noted dryly. Instead, House Oversight Chair James Comer is “busy tangling with the Clintons,” a move McCarthy suggests is more about political cover than accountability.
The conclusion is hard to miss. When corruption allegations involved Democrats, Republicans couldn’t shout loud enough. When the same — or worse — allegations point at Trump, the party suddenly loses interest.
Coming from a conservative prosecutor writing in a flagship right-wing outlet, the warning lands harder than any Democratic press release ever could.
