You got fucked, brother. That investment is now worth about $360. Congratulations.
Naturally the auto-generated AI response is inaccurate, AI is still actively teaching itself to be accurate. The actual figure is $364. One million investors in Trump’s crypto lost over $3,000,000,0000. So? Suck it, cucks.
Heather Cox Richardson, after reviewing the bad fallout from Trump’s impetuous mass bombing of Iran,, and the closure of the Strait of Hormuz, which will continue to spike inflation well into the future, [not to mention his idiot “diplomatic” team’s ongoing incoherent blundering], and before going into the details of Trump’s spiral down an even more demented version of McCarthyism, went on to his business dealings.
And then there were the stories about corruption. On Tuesday, new financial disclosures showed that Trump has made an eye-popping $1.4 billion in his family’s cryptocurrency ventures since he took office. On Thursday, Trump appeared to feel the need to defend those profits, telling CNBC: “There’s nothing illegal. There’s nothing wrong with it I could know.” Julia Manchester of The Hill noted that Trump went on to say that the nature of the presidency means that his children “have inside information” about almost any business decision they make. He said: “Almost anything they do, if they want to buy a truck, if they buy an energy efficient truck, they have inside information.”
There are specific legal prohibitions against using insider information for benefit in stock trades and financial transactions.
And Trump appears to have fleeced his own followers. On Saturday, Eric Lipton and David Yaffe-Bellany of the New York Times reported that as of the end of June, nearly a million people who bought Trump’s memecoin lost a total of $3.81 billion while Trump walked away with $636 million. Trump took transaction fees up front, so he made money no matter what happened with the coin. For his followers, though, his advice that “It’s time to celebrate everything we stand for: WINNING!” and to “Join my very special Trump community. GET YOUR $TRUMP NOW!” cost them dearly as the coin slid from trading at $75.35 to trading at $1.76, a drop of 97%. . .
. . . But Trump officials routed that money [supposed to be donated to the nonpartisan America250 program to his own Freedom 250 organization] to favored contractors, including the firm that helped to organize Trump’s rally at the Ellipse on January 6, 2021, before attendees stormed the U.S. Capitol.
Representative Jared Huffman (D-CA), the highest-ranking Democrat on the House Committee on Natural Resources, told reporters: “I’m a lawyer, and I know better than to pronounce that a crime has been committed. But I do know the elements of fraud, and there is evidence of all those elements here.” source
“There’s nothing illegal. There’s nothing wrong with it I could know.”
In the man’s defense, he is under a lot of pressure and has a ton of serious medical issues he has to keep hidden. You can’t expect him to always make sense, or speak in sentences that can be parsed according to the normal rules of human language. He’s pleading ignorance of the facts and the law, which it is not a crime of which he could know.
gratuitousblahg 