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    Home»Ideas»Stephen Miller has a hefty financial stake in a key ICE contractor
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    Stephen Miller has a hefty financial stake in a key ICE contractor

    spicycreatortips_18q76aBy spicycreatortips_18q76aJune 26, 2025No Comments3 Mins Read
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    Stephen Miller has a hefty financial stake in a key ICE contractor
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    Stephen Miller, the hard-line Trump adviser who helped craft a few of the administration’s most aggressive immigration enforcement insurance policies, is outwardly making the most of the instruments that make them doable, a brand new report finds.

    In keeping with monetary disclosures cited in a brand new report by the Mission on Authorities Oversight, Miller is certainly one of a dozen present White Home staffers invested in Palantir, the info analytics agency whose contracts with the Division of Homeland Safety (DHS) have made it the top-performing inventory within the S&P 500 this 12 months. His stake—valued between $100,001 and $250,000—is the biggest amongst staffers.

    Ethics specialists say the funding raises critical issues, given Palantir’s deepening relationship with DHS and Immigration and Customs Enforcement (ICE), businesses central to insurance policies Miller continues to affect.

    “If he hasn’t stepped over the road, he’s simply on the verge of it,” Virginia Canter, counsel for ethics and anticorruption at Democracy Defenders Fund, instructed the Mission on Authorities Oversight as a part of its report. “I simply don’t suppose anyone can be snug with him protecting this inventory.”

    An nameless White Home official tells Quick Firm that Miller in actual fact owns quite a few shares that surpass the authorized threshold that might represent a battle of curiosity, however he has maintained to the White Home ethics workplace that he has, and can proceed to, recuse himself from official issues that might have an effect on these shares.

    In an announcement to Quick Firm, White Home Press Secretary Karoline Leavitt mentioned the Trump administration is dedicated to transparency round such disclosures, insisting, “President Trump, Vice President Vance, and senior White Home employees have accomplished required ethics briefings and monetary reporting obligations.”

    (Palantir didn’t reply to Quick Firm’s request for touch upon the moral implications of Miller’s funding.)

    Palantir’s ties to DHS and ICE date again to the early 2010s. The corporate provides software program that helps arrange prison investigations and monitor the actions of immigrants. Throughout Trump’s second time period, these ties have solely strengthened. Palantir has change into a “extra mature accomplice to ICE,” in line with inner firm communications obtained by 404 Media. In January, the corporate secured a $30 million contract to construct ImmigrationOS, a system that screens immigration circumstances “from identification to removing” and gives “close to real-time visibility” into self-deportation, authorities data present.

    That visibility matches neatly into the broader crackdown on immigration now underway, a marketing campaign wherein Miller performs a central position. Final month, he joined Homeland Safety Secretary Kristi Noem in setting an aggressive new enforcement benchmark: 3,000 immigration arrests per day. That’s triple the day by day common from the beginning of Trump’s second time period, in line with Axios. As of Monday, ICE was detaining 59,000 immigrants—greater than 140% of the company’s official detention capability of 41,500 beds, CBS Information experiences.

    Given Miller’s direct involvement in shaping enforcement coverage—and Palantir’s rising position in executing it—it’s not shocking that his monetary curiosity within the firm is setting off alarms amongst authorities ethics specialists.

    Miller might simply cross an moral line in his work, for instance, if he have been “in a gathering involving DHS officers speaking about whether or not the info analytics functionality of DHS must be improved or modified indirectly, realizing full effectively that Palantir can be the beneficiary,” Don Fox, former basic counsel of the Workplace of Authorities Ethics, instructed the Mission on Authorities Oversight.

    Nonetheless, buyers stay bullish: Palantir’s inventory hit an all-time excessive on June 24, simply someday after information of Miller’s stake turned public.

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