Let's Go Brandon Crypto Lawsuit Has Trumpworld Influencers Running for the Hills

[Eugene]

Source: Daily Beast

‘DECEPTIVE AND UNFAIR’
Let’s Go Brandon Crypto Lawsuit Has Trumpworld Influencers Running for the Hills

A meme coin intended to own the libs has now spawned a class action suit from an investor who says he lost all his money—and Trumpworld names are among the defendants.

Noah Kirsch
Wealth And Power Reporter
Zachary Petrizzo
Media Reporter
Published Apr. 11, 2022 10:36PM ET

A new class action lawsuit filed by an investor in Trumpworld’s favorite “Let’s Go Brandon” meme coin claims that some of the token’s key players orchestrated a pump-and-dump scheme.

The news marks the latest bit of drama that has plagued the coin since its inception last year and which has persisted since the cryptocurrency relaunched in February. A number of former President Donald Trump’s most loyal fans bought into the crypto hype, only to see the value of their investments plummet.

Attorneys for the plaintiff, an investor in the coin named Eric De Ford, claimed that the token’s executives and insiders “made false or misleading statements” and “disguised their control over the [c]ompany.” Ultimately, the 79-page suit filed in Florida alleges, those insiders “cynically marketed the LGB Tokens to investors so that they could sell off their portion…for a profit,” even as the selloff caused the value of the coin to drop precipitously for the remaining crypto holders.

The defendants included the Trumpy hedge funder James Koutoulas, NASCAR, and conservative media personalities Candace Owens and David Harris Jr., among others.

-snip-

Read more: https://www.thedailybeast.com/lets-go-brandon-crypto-lawsuit-has-trumpworld-influencers-running-for-the-hills?ref=wrap

[Budi]

1. "Let's Go Candace Owens!"

[MagickMuffin]

2. Pump and Dump, Poor little Chumps

Throwing their money around hoping they'll get more


🤣

[Initech]

3. Keep "owning us", Trumpers. In the end it is you who will ultimately get owned!

[LetMyPeopleVote]

4. This lawsuit will be fun to watch

[underpants]

5. I saw the car painted up and wondered how long it would take NASCAR was brought in to this

So Brandon was actually on board for this? At least his team owner was.

[jmowreader]

7. The car never ran in a race

NASCAR approves all paint schemes, and they turned that one down flat.

Oh…his team owner’s his dad.

[underpants]

8. Ok. I didn't know his dad was the owner.

[hatrack]

6. Awww!! Did the sucker get gutted by denizens of MAGAland?

Sad!! Loser!!

[Midnight Writer]

9. Nobody could have ever imagined this happening.

[WinstonSmith4740]

10. Aw-w-w-w.

I guess we're supposed to feel sorry for these idiots.
There's an old adage about lying down with dogs and getting fleas that holds here. Do business with a known con artist, and you're gonna lose your money.

[keithbvadu2]

11. Another MAGA crypto coin based on hate - $FJB

https://upload.democraticunderground.com/10142855437

Think of Steve Bannon not letting you sell your coins of his cryptocurrency while he can sell his.

Experts Raise Warnings about Steve Bannon's New Cryptocurrency
Source: Mother Jones

Investing cryptocurrency with Steve Bannon

Investing based on hate instead of profit.

An investment that the big boys may not allow you to sell while they can sell at will..

https://www.motherjones.com/politics/2022/01/steve-bannon-boris-epshteyn-fjb-crypto/?fbclid=IwAR0LIVF8XP6mC3wbAaD1Fu9b_Msxe6DBm572KFyuyDjvGwClJ4z2R0zfIzI

[uponit7771]

12. " key players orchestrated a pump-and-dump scheme." lol@StupidMAGAstanians