Suche
Mein Konto
US Congress questions Representative Madison Cawthorn over alleged involvement in crypto scheme
Madison Cawthorn of North Carolina is accused of engaging in a crypto pump-and-dump scheme Cawthorn is also being investigated over allegations that he had an "inappropriate relationship" with a congressional staffer. An investigation into Republican Congressman Madison Cawthorn is expected sometime this year that will determine the extent of his alleged involvement in a crypto pump-and-dump scheme. According to a statement on Monday, Cawthorn will face four members of Congress in a subcommittee over his alleged involvement in promoting what is suspected to be the Let's Go Brandon crypto scheme. “The Committee finds that the mere fact of establishing an investigative subcommittee on...
US Congress questions Representative Madison Cawthorn over alleged involvement in crypto scheme
- Madison Cawthorn aus North Carolina wird vorgeworfen, an einem Krypto-Pump-and-Dump-Programm beteiligt gewesen zu sein
- Cawthorn wird auch wegen Vorwürfen untersucht, er habe eine „unangemessene Beziehung“ zu einem Kongressmitarbeiter gehabt
An investigation into Republican Congressman Madison Cawthorn is expected sometime this year that will determine the extent of his alleged involvement in a crypto pump-and-dump scheme.
According to a Explanation On Monday, Cawthorn will face four members of Congress on a subcommittee above his alleged involvement in promoting what is suspected to be the Let’s Go Brandon crypto scheme.
“The Committee notes that the mere fact of establishing an investigative subcommittee does not in itself indicate that a violation has occurred,” the statement said.
The US House Ethics Subcommittee, chaired by Texas Democrat Veronica Escobar, will consider whether or not Cawthorn will run abused his position and promoted the project while determining whether he might have an “undisclosed financial interest” in it.
Cawthorn is also under investigation for his alleged “inappropriate relationship” with a congressional staffer.
The project known as Let's go Brandon, promotes itself as a decentralized ERC-20 meme token that “inspires positivity and patriotism.” The project is also said to include an “anti-whale” dumping mechanism that prohibits foundation supporters and deep-pocketed holders from selling the token within a six-month period.
Since April 23, the token has lost 83% of its value and was last trading for a fraction of a cent, close to zero. The token represents the Let’s Go Brandon movement, which is, among other things, a surrogate right circles, and a reference to US President Joe Biden. Its true meaning stands for “F—- Joe Biden.”
A Class action lawsuit against the founders of the token, brought by a failed investor, accuses the founders of: a Pump and dump scheme.
Cawthorn, who took away social media multiple times support financially the token, has been caught up in allegations that it “ cheated " People and willingly promoted the program. Republican Senator Thom Tillis last month called on Congress to investigate cases of insider trading and demanded a response from Cawthorn to North Carolinians.
The 26-year-old, who became one of the youngest members of Congress, lost the party primary election campaign last week in North Carolina's Republican-held rural 11th District by a narrow margin of about 1,500 votes.
Politically titled Fire blight Cawthorn was once hailed by many critics and supporters as a rising star within the far-right faction of the Republican Party, which rode on the coattails of Trumpism when he was elected in 2020.
Kawdorn fallen into disgrace with his Republican colleagues when he suggested that some Republican members of Congress had invited him to an orgy.
. .
The Post-US Congress to Grill Rep. Madison Cawthorn Over Alleged Involvement in Crypto Scheme is not financial advice.