Eric Trump Threatens Lawsuit Against Jen Psaki Over Alt5
Eric Trump announced plans to sue MSNBC’s Jen Psaki and the network over a May 15, 2026 segment in which Psaki identified him as a board member of Alt5 Sigma, a Las Vegas-based fintech firm rebranded as AI Financial. Trump denied the claim in a post to X, stating he had “NEVER” served on the company’s board and accused Psaki of spreading “blatant lies.”
Psaki’s segment addressed Eric Trump’s presence during his father’s Beijing trip, citing a Financial Times report that Alt5 Sigma was exploring a deal with a Chinese chipmaker connected to the Chinese Communist Party. The MSNBC host noted Eric Trump appeared in footage ringing the NASDAQ opening bell alongside the Alt5 Sigma logo and questioned potential conflicts of interest given his stated separation from family business operations during his father’s presidency.
Eric Trump was previously listed as a board observer and adviser for Alt5 Sigma following the company’s August 2025 partnership announcement with World Liberty Financial, a crypto venture founded by President Trump and his sons. Bloomberg reported in April 2026 that Eric Trump’s name and affiliation were removed from the company’s public website amid financial losses and executive turnover.
Psaki’s reporting detailed multiple instances of Trump family business dealings during the presidency, including Pentagon contracts worth millions awarded to companies partially or fully owned by Eric and Donald Trump Jr. She questioned whether the family’s financial interests warranted closer scrutiny from agencies like the Internal Revenue Service given apparent conflicts of interest.
President Trump has pursued an aggressive litigation strategy against media outlets, having reached settlements with Paramount and ABC while maintaining ongoing defamation cases against other news organizations including the BBC. Eric Trump’s threatened lawsuit against Psaki and MSNBC continues this pattern of using legal threats to challenge critical media coverage.