US politicians are promoting crypto rug pull scams, exploiting their own supporters. Trump and his wife Melania launched meme coins. Now Hunter Biden did, too. His Laptop token immediately crashed 99%
Who are the people who bought these coins? They aren't identified in the article. Maybe this is just another way the Anglo-American Oligarchic criminals launder money. Yes, I'm sure there were some Trump supporters who were ripped off, but over a billion dollars worth of idiots? I kinda think not.
Such deplorable scams are thoroughly documented in Charles H. Ferguson's book Predator Nation. The depth of corruptions in the US financial sector is beyond belief. The regulators are just as corrupt as the fraudsters. When one scam collapses another takes its place.
There is also his Academy Award winning "Inside Job"...... an outstanding documentary
There are laws about conflicts of interest and corruption, particularly involving heads of state, politicians and those around them. When one leader gives a gift to another, it usually goes into a museum. They don't get to keep anything.
It is a conflict of interest if, as a politician, you use the visibility of your position to promote something that you, or those around you, will make money off.
The US system is no different from the cronyism and nepotism in any of the worst regimes in the world (take your pick).
There is a reason why the USA ranked only 29th on the Corruption Perception Index, and has been declining since 2012. Issuing meme coins can easily be considered a conflict of interest. I remember working on US-related projects in my country and we had to follow the FCPA to the miniscule details because my country is low in the CPI. But I never imagined the details I had to follow can be ignored easily in its origin country.
Political affinity can make the usual buyer-seller conflict harder to see: a purchase feels like supporting a cause. That makes the ownership and liquidity arrangements especially important. Readers should be able to see who can sell, when they can sell and who earns fees, separately from any promise about what the token represents.
really I can believe how that peoples could be so stupids, more over.. on how the Politicians do.. in top of that them finance the disasters with real money for "coins"...
Who are the people who bought these coins? They aren't identified in the article. Maybe this is just another way the Anglo-American Oligarchic criminals launder money. Yes, I'm sure there were some Trump supporters who were ripped off, but over a billion dollars worth of idiots? I kinda think not.
Good point!
How about a “Tulip” coin?
Such deplorable scams are thoroughly documented in Charles H. Ferguson's book Predator Nation. The depth of corruptions in the US financial sector is beyond belief. The regulators are just as corrupt as the fraudsters. When one scam collapses another takes its place.
There is also his Academy Award winning "Inside Job"...... an outstanding documentary
There are laws about conflicts of interest and corruption, particularly involving heads of state, politicians and those around them. When one leader gives a gift to another, it usually goes into a museum. They don't get to keep anything.
It is a conflict of interest if, as a politician, you use the visibility of your position to promote something that you, or those around you, will make money off.
The US system is no different from the cronyism and nepotism in any of the worst regimes in the world (take your pick).
grifters selling hot air.
😀Big Thanks😃
Isn’t that just every politician ever though
There is a reason why the USA ranked only 29th on the Corruption Perception Index, and has been declining since 2012. Issuing meme coins can easily be considered a conflict of interest. I remember working on US-related projects in my country and we had to follow the FCPA to the miniscule details because my country is low in the CPI. But I never imagined the details I had to follow can be ignored easily in its origin country.
Corruption is rampant everywhere in the world. Goodbye rule of law.
Political affinity can make the usual buyer-seller conflict harder to see: a purchase feels like supporting a cause. That makes the ownership and liquidity arrangements especially important. Readers should be able to see who can sell, when they can sell and who earns fees, separately from any promise about what the token represents.
And the supporters and dumb enough to go for it
really I can believe how that peoples could be so stupids, more over.. on how the Politicians do.. in top of that them finance the disasters with real money for "coins"...
Let’s not forget hunter biden’s new slappytoppy meme coin either. Disgusting all around
Exactly ! They are unlicensed practitioners free to commit whatever evil and corruption they want to commit.