In December, Popular Information reported that Chinese [national] crypto entrepreneur Justin Sun purchased $30 million in crypto tokens from World Liberty Financial (WLF), a new venture backed by President Donald Trump and his family. Sun’s purchase resulted in a cash windfall for Trump. On Wednesday, the Securities and Exchange Commission (SEC) and Sun sent a joint letter to a federal judge, asking for a stay of Sun's case. Today, the judge granted the SEC's request.
In March 2023, the SEC charged Sun and three of his companies, accusing him of marketing unregistered securities and “fraudulently manipulating the secondary market” for a crypto token. The SEC accused Sun of wash trading, which involves buying and selling a token quickly to fraudulently manufacture artificial interest. Sun was also charged with paying celebrities, including Lindsay Lohan, Jake Paul, and Soulja Boy, for endorsing his crypto “without disclosing their compensation,” which violates federal law.
A few weeks after Trump won the 2024 presidential election, Sun publicly announced that he had become WLF's largest investor, buying $30 million of its tokens. ... Sun has since invested another $45 million in WLF, bringing his total investment to $75 million. This means Sun's purchases have sent more than $50 million to Trump, Bloomberg reported.
The article also points out that the crypto-tokens are, essentially, worthless. If it looks like a bribe, walks like a bribe and reeks like a bribe...
And yet Trump, that cheapskate, only paid 25 large in "campaign contributions" to get then FL-AG Bondi to back off her investigation of his shady activities. She sold herself cheap.
But Biden is the corrupt one. (sarcasm)
ReplyDeleteThe Mobsters have taken over America. The gullible funded and voted for it to happen. The slighty smarter bent ones took bribes. The rest jumped on board the T**** schemes for access, long term payouts, favors, quid pro quos, and pardons. Who got shafted? The gullible low information rubes who believed and, collaterally, the rest of us. The fallout is going to be brutal.
ReplyDeleteWe hear that frequently from the great liar.
ReplyDeleteEck!
I also have 30 shell companies set up with no legitimate business interests or product I sell. Shesssh who doesn’t in this day and age?!
Deleteagain, non sequitur.
DeleteEck!
Ok I will type slowly. Did you not follow any of the investigation into Biden by the congressional committee?
DeleteIn small words. What do you believe?
DeleteEck!
Well they found all that with Biden and his family.
DeleteIf you are in a wheelchair (mentally) don’t expect to slow my pace.
In todays news cycle this is ancient history
Oh, horseshit. Gym Jordan and his panel of dipshits tried to find evidence of your specious allegations that Biden was bribed and found nothing.
DeleteYou have nothing.
You have proven yourself to be a troll.
Go away.
Not even selling shells? Hard to access the Black Sea this time of year, Isn't it? Of course, those defensive Ukrainian drones do mess up ones shell collecting.
ReplyDelete