Congressman Madison Cawthorn could face charges for violating insider trading laws after promoting a cryptocurrency pump and dump scheme.
Madison Cawthorn, a Republican congressman from North Carolina, has been accused of his involvement in a pump and dump crypto scheme dubbed Lets Go Brandon .by the Washington Examiner, several regulatory watchdogs have implicated Cawthorn in an alleged insider trading scheme involving the relatively short-lived crypto project.named after the chant mocking President Joe Biden. Hedge fund manager James Koutoulas pioneered the project.
This caused the memecoin to plummet to zero, and investors were left scratching their heads in losses. One disgruntled investor recently filed a class-action lawsuit accusing Koutoulas and other Let’s Go Brandon insiders of using the token to stage a pump-and-dump scheme. Speaking on the case, Dylan Hedtler-Gaudette, the government affairs manager for one of the federal watchdogs, said:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Two Europeans charged with helping North Korea evade US sanctionsThe two allegedly helped a United States citizens educate members of the North Korean government on how cryptocurrency can evade sanctions.
Read more »
Four charged in ComEd bribery scheme will face federal jury in SeptemberProsecutors in the federal bribery case against a longtime confidant of former House Speaker Michael Madigan and three others told a judge Tuesday they have rejected having a bench trial, meaning the allegations will be heard by a jury in September.
Read more »
Former AAF, NFL investor pleads guilty to $600 million crypto schemeReginald Fowler was charged with bank fraud, wire fraud and other offenses that prosecutors say contributed to the AAF’s quick demise.
Read more »
US Prosecutors Charge Two Europeans in Connection With North Korea Crypto ConferenceTwo Europeans have been accused of teaching North Koreans how to avoid sanctions using cryptocurrencies.
Read more »
Two more charged with teaching North Koreans to evade US sanctions with cryptoTwo European citizens have been indicted for their role in organizing a cryptocurrency conference in North Korea aimed at teaching them how to avoid sanctions.
Read more »