Remember all of those amazing tariffs we’re supposed to be getting? You know, the ones publicly supported by Commerce Secretary Howard Lutnick? Well, you’ll never guess who’s betting against those tariffs being constitutional (boldface mine):

Cantor Fitzgerald, a financial services company led by the sons of US Commerce Secretary Howard Lutnick, is creating a way for investors to bet that President Donald Trump’s signature tariffs will be struck down in court. Traders at the firm’s investment banking subsidiary, Cantor Fitzgerald & Co., say they have the capacity to buy the rights to hundreds of millions of dollars in potential refunds from companies who have paid Trump’s tariffs, according to documents viewed by WIRED.

Lutnick ran Cantor Fitzgerald for nearly 30 years until he was confirmed by the Senate in February, when he turned over control of the firm to his sons, Kyle and Brandon, who are both in their 20s. Since joining the Trump administration, Lutnick has emerged as one of the most vocal supporters of the president’s tariff policies, which he has said would raise “hundreds and hundreds of billions of dollars” in revenue for the United States, eventually eliminating the need for Americans making under $150,000 to pay taxes.

But the investment bank that made Lutnick a billionaire is now letting certain clients wager that Trump’s tariffs will eventually be ruled unlawful, at which point companies that have paid the import duties can apply to get their money back.

I am rarely speechless about anything, but this is breathtaking. Not only is it an admission of the unconstitutionality of many of these tariffs, but it is also taking advantage of companies that simply can’t afford a long, protracted legal settlement.

The family that grifts together, stays together.

Addendum: There is no reason to take Lutnick’s protestations of independence from Cantor Fitzgerald seriously because he routinely goes on television and lies.