Posted on 12/07/2022 6:39:59 AM PST by ChicagoConservative27
Outgoing Rep. Madison Cawthorn (R-N.C.) was fined roughly $15,000 by the House Ethics Committee on Tuesday after it found evidence that the 27-year-old lawmaker broke House rules by promoting a cryptocurrency that could have benefitted him financially.
The committee’s seven-month investigation found that Cawthorn purchased $150,000 in “Let’s Go Brandon” coin in December 2021, a cryptocurrency named after the “F— Joe Biden” chant mocking President Biden, and that he sold it all by January 2022.
The investigation also found that Cawthorn promoted the coin in photos and videos and encouraged others to invest in it as its value plummeted.
The 81-page report published by the panel on Tuesday “found substantial evidence that Representative Cawthorn promoted a cryptocurrency in which he had a financial interest in violation of rules protecting against conflicts of interest.”
House investigators however couldn’t agree on whether Cawthorn pumped up the cryptocurrency known as “LGB coin” in an effort to personally profit from it.
(Excerpt) Read more at nypost.com ...
Too bad he didn’t just insider trade like Pelosi.
It's good he is "outgoing".
[[The committee’s seven-month investigation]]
Kaching kaching! Is money given to committies to “investigate”?
It’s normal to spend 100 million dollars on a job that pays 174K…
Nothing to see here…
A 27 year old has $150,000 to waste on a stupid fake “currency”.
Yes that speaks volumes .
And this guy convinced people to elect him?
This fine piece of jawhorenahlism fails to mention the sale price, nor how much he profited or lost on the sale.
If the knowledge is not public, at least say so in the article.
Good thing no Dems have done anything like that.......
Fined by the insider trading cartel!
So my “Let’s Go Brandon” crypto is worthless?
“House investigators however couldn’t agree on whether Cawthorn pumped up the cryptocurrency known as “LGB coin” in an effort to personally profit from it.”
Well, the ones who “couldn’t agree” are probably involved in similar dirty dealings themselves. Publish their names and investigate them next.
Not totally worthless, my 168.8 million coins are worth ,27 cents. Equivalent to a Zimbabwe quarter.
I want to get one. One.
I don’t think many crypto currencies are actually are made into physical coins, if that’s what you mean, to have as a memento. Usually if you see one, it’s just a prop. Bitcoin props go on eBay for about a buck a piece. Lots of FJB coins there, but I don’t know id any relate to the crypto or not.
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