(Bloomberg) – The pitch was straightforward: Invest in the cryptocurrency venture of Donald Trump and his family, back the industry’s most powerful ally at the peak of their influence, and share the spoils.
What is unfolding has no precedent in American financial life. A sitting president’s family holds financial stakes in a live token project — one setting governance rules, directing treasury sales, collecting proceeds — while the people who signed up find themselves with limited options to exit.
Pickle unrelated.
The Trump Crime Family, you mean.
“President Trump’s assets are in a trust managed by his children. There are no conflicts of interest,”
Ummm…that is the definition of a “conflict of interest”.
No no no, there was that one time in 2016 when he brought in the press and showed them a table of blank stacks of paper and said those were all the deals he was divesting from to not have any conflicts. That proves he’s clean.
Sorry, he needs that rug pulled over to his new ballroom.
[insert fell for it again meme here]
I mean, fuck pedohitler for all the reasons you can imagine.
With that said… I can’t feel bad if someone who invested today in one of pedohitler’s scams got scammed.
None of us do. But it doesn’t evade the definition of corruption.
Curse your sudden but inevitable betrayal!
Mine is an evil laugh!
Hey, one of his schemes didn’t go bankrupt for once. I guess that’s progress?
Iirc, people who bought in weren’t allowed to sell for ?2 years?, which made it such an obvious con job. Obviously, there’s some MAGA who bought in - possibly high in number, but not very much money held by them. But my personal suspicion is that the biggest purchases were from billionaires, millionaires, and corporations who wanted to launder their bribes.
I’d imagine there are several rubes that managed to go bankrupt after getting fleeced by this scheme though.
