Board cons favorite Madison Cawthorn Fined $15,000 For Plugging Let’s Go Brandon Cryptocurrency

News and events of the day
Post Reply
User avatar
Libertas
Posts: 6468
Joined: Sun Oct 24, 2021 5:16 pm

Board cons favorite Madison Cawthorn Fined $15,000 For Plugging Let’s Go Brandon Cryptocurrency

Post by Libertas »

https://www.forbes.com/sites/zacheverso ... f74689782e

A House Ethics Committee investigation found “substantial evidence” that outgoing Rep. Madison Cawthorn (R-N.C.) improperly promoted a cryptocurrency in which he had an undisclosed stake and failed to file timely disclosures about his trades, according to findings published Tuesday.

In December 2021, Cawthorn bought 180 billion Let’s Go Brandon Coin for $150,000, at a below-market valuation, according to the committee’s report. Nine days later, the cryptocurrency announced that it would sponsor NASCAR driver Brandon Brown for the 2020 season, causing the price to spike. The following day, Cawthorn sold a batch of his LGB Coin. On Jan. 4, NASCAR pulled the plug on the deal, and Cawthorn sold more of his stake. Two weeks later, Cawthorn made another sale, emptying out almost all his LGB Coin holdings. While Cawthorn did not disclose his purchases or sales until after the ethics committee began its investigation, he “was seen in multiple photographs and videos in which he appeared to support or specifically encouraged individuals to purchase LGB Coin, including after the value of the LGB Coin that he held plummeted,” the report said.

Between your hate for very decent people like Joe and Jill Biden and your thieving asinine plots, you are just so disgusting.
I sigh in your general direction.
Post Reply