Billionaire Trump supporter speaks out against bold pardon: 'Makes it look like massive fraud'

[Yo_Mama_Been_Loggin]

President Donald Trump appears to have sparked the ire of venture capitalist Joe Lonsdale.

Lonsdale, the co-founder of Palantir Technologies and a vocal supporter of Trump, criticized the president’s pardon on Thursday of Changpeng Zhao, the creator of the world’s largest cryptocurrency exchange who plead guilty in 2023 to violating U.S. money-laundering rules.

Zhao, the founder of Binance and one of the biggest names in the crypto world, served four months in prison after failing to prevent the movement of money connected to terrorists, cybercriminals, and child abusers through its platform, according to then-Treasury Secretary Janet Yellen. Zhao has been a vocal backer of World Liberty Financial, one of the Trump family’s crypto businesses launched last year, in his efforts to boost the company.

“Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice,” Zhao, who is widely known as “CZ,” posted on X shortly after the announcement.

https://finance.yahoo.com/news/billionaire-trump-supporter-speaks-against-150550391.html

[Ocelot II]

1. Ya think? Of course it's massive fraud; that's how he rolls.

[leftstreet]

2. Billionaire cafeteria fight. Fuck all of them n/t

[BOSSHOG]

3. DONALD TRUMP. MASSIVE FRAUD.

[Emile]

4. Trump is laundering money, not shocked!

[spanone]

5. It IS massive fraud. On a presidential level.

[tanyev]

6. That is literally what Trump's last name means. Grampa Friedrich nailed the name choice.

trumpery
noun
trum·​pery
Synonyms of trumpery
1
a
: worthless nonsense
b
: trivial or useless articles : JUNK
a wagon loaded with household trumpery
—Washington Irving
2
archaic : tawdry finery
trumpery adjective

Trumpery derives from the Middle English trompery and ultimately from the Middle French tromper, meaning "to deceive." (You can see the meaning of this root reflected in the French phrase trompe-l'oeil-literally, "deceives the eye"-which in English refers to a style of painting with photographically realistic detail.) Trumpery first appeared in English in the mid-15th century with the meanings "deceit or fraud" (a sense that is now obsolete) and "worthless nonsense." Less than 100 years later, it was being applied to material objects of little or no value. The verb phrase trump up means "to concoct with the intent to deceive," but there is most likely no etymological connection between this phrase and trumpery.

https://www.merriam-webster.com/dictionary/trumpery