Former Red Team Congressman Devin Nunes earned $47.6 million as Chairman, CEO and President of Trump Media and Technology Group (ticker symbol: DJT) in 2024. 2025 has seen Nunes appointed to the boards of three different SPACs, all incorporated in The Cayman Islands. (not a good look for the MAGA crowd).
Devin G. Nunes, 51, TMTG’s Chief Executive Officer and a Director since 2022 and Chairman since April 1, 2024, previously served in the U.S. House of Representatives from 2003 to 2022. He was the Republican leader and former Chairman of the House Permanent Select Committee on Intelligence (“HPSCI”), a senior Republican on the Ways and Means Committee, and the Republican leader of the Ways and Means Health Subcommittee. Mr. Nunes was a vital contributor to the 2017 tax system overhaul, authoring a key provision to allow same-year expensing of all business investments for entrepreneurs and businesses. He also championed telemedicine to improve healthcare in underserved, rural areas. In his role on HPSCI, Mr. Nunes spent extensive time overseas working with U.S. military personnel, Central Intelligence Agency officials, and world leaders while promoting freedom and democratic values around the globe. During his time in Congress, many regarded Mr. Nunes as the House of Representatives’ preeminent investigator of government malfeasance and corruption; he was awarded the Presidential Medal of Freedom, America’s highest civilian honor, in 2021. Mr. Nunes was appointed to the President’s Intelligence Advisory Board and has served as its Chair since February 2025. Mr. Nunes graduated from Cal Poly San Luis Obispo, where he received a bachelor’s degree in agricultural business and a master’s degree in agriculture. He is the author of “Restoring the Republic” and “Countdown to Socialism,” and was an early and prominent critic of big tech censorship.
Nunes spoke recently with a podcaster regarding Trump Media and one of the SPACs.
Surely the preeminent investigator of malfeasance and corruption can get his former colleagues to take on the big tech monopolies. That is if his comment is anything other than a throwaway line.
It could've been a lead in comment before the hard sell:
The opportunities are not only limitless...we don't even know what they're going to be! Wow!!!!! This second tier TechGod and first tier political hack just bowled me over with schmooozeee.
But what about the three Cayman Islands incorporations? Doesn't that work against a MAGA priority to produce jobs for Americans? The proxy statement included:
We paid $25,620 in legal fees towards (TMTG's Chief Technology Officer) Mr. Novachki’s permanent residency application.
And that application was advanced by a fellow Red Team Congressman.
Vladmir Novachki, the Macedonian whiz kid, has accumulated 650,000 shares in DJT in a few short years.
It appears Devin Nunes is using his knowledge of malfeasance and corruption to undertake, well malfeasance and corruption. SPACs are generally bad for public investors as they steer excessive benefits to insiders.
The interview closed with several hedges for a company boldly going into crypto:
Politicians Red and Blue love PEU and their new TechGod/CryptoBro brethren. Increasingly, more are one.
Politics is an insufficient way to explain our world, given its ever shifting sands, serial mistruths and mind numbing double standards. It's sad that so many are so talented in a profession that debases and debauches its very foundation.
Update: Possible Trump Fed nominee James Fishback went after companies employing highly skilled foreign workers, like DJT's CTO.
