Madison Cawthorn Fined $15,000 For Plugging Let’s Go Brandon Cryptocurrency

Rep. Madison Cawthorn arrives to a State of the Union address by President Joe Biden at the Capitol in March. Photographer: Saul Loeb/AFP/Bloombergfound “substantial evidence” that outgoing Rep. Madison Cawthorn improperly promoted a cryptocurrency in which he had an undisclosed stake and failed to file timely disclosures about his trades, according to findings published Tuesday.

The panel ordered Cawthorn to pay $14,000 in ill-gotten gains to a charity of his choosing and $1,000 in late filing fees to the Treasury Department. In December 2021, Cawthorn bought 180 billion Let’s Go Brandon Coin for $150,000, at a below-market valuation, according to the committee’s report. Nine days later, the cryptocurrency announced that it would sponsor NASCAR driver Brandon Brown for the 2020 season,. The following day, Cawthorn sold a batch of his LGB Coin. On Jan. 4, NASCAR pulled the plug on the deal, and Cawthorn sold more of his stake. Two weeks later, Cawthorn made another sale, emptying out almost all his LGB Coin holdings.

The committee found that Cawthorn received an improper gift, improperly plugged the crypto and failed to disclose his investment in a timely manner. It was deadlocked on the question of whether he intended to profit from his promotional activities. Cawthorn also had been accused of engaging in an improper relationship with a member of his congressional staff. The ethics committee’s investigation found no evidence that had been the case. Any “sexually-themed or otherwise inappropriate comments or conduct took place” before Cawthorn was sworn in, making it beyond the panel’s jurisdiction, according to its report. Accusations of nepotism also were dismissed.was unable to reach spokespeople for Cawthorn.

Do all GOP “lawmakers” & their voters have any ethics? Look up the 11 ethics violations by AZ Rep. Schweikert. GOP voters in his district , those who say they want law, order, religion, family values,…keep electing him. It’s all about winning, power, $. The rest is all a front.

Lol that’s hilarious. Are you still covering for SBF, Forbes? Did any money go to you?

What about SBF_FTX

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