House panel fines Cawthorn over $15,000 for promoting cryptocurrency

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The House Ethics Committee has directed Rep. Madison Cawthorn (R-N.C.) to pay more than $15,000 in fines and fees for encouraging people to purchase a cryptocurrency in which he had a financial interest that was not properly disclosed.

On Dec. 30, 2021, LGB Coin announced that it would sponsor a NASCAR driver, Brandon Brown, in the 2022 racing season. The following day, Cawthorn sold a bunch of the LGB Coin he had just purchased.

Cawthorn, according to the report, “was seen in multiple photographs and videos in which he appeared to support or specifically encouraged individuals to purchase LGB Coin, including after the value of the LGB Coin that he held plummeted.” But officials did not come to a consensus about whether Cawthorn “intended to personally profit from his promotional activities.”As of mid-November, Cawthorn told officials that he owned nearly 15,400,000,000 LGB Coin that he “believed” was valued at “$357.

 

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When do we find out he’s signed up to do gay porn?

No more coke or call girls for a while, Natty chump.

SpeakerPelosi can profit from insider trading but no one else? LOL seems like a weird bunch of rules for a group of criminals

What a slime ball.

So did every DEMONRAT that hyped FTX and how much money they got. At least BETO returned the money right away.

My God is the GOP lousy with con artists.

Don’t they cover this at freshman orientation for new members of Congress?

😂😂😂😂😂😂😂

Aaaaaand SBF?

Another crook! Republicans and former GOP are nothing more than criminals in a suit.

Good, I have never been impressed with this lout.

When I worked at McDonalds at the age of 14, I was not allowed to play the Monopoly game... Why are politicians allowed to play the stock market?

AHHHHH FTC NO?

How are you gonna be in the government and not get financial advice or just copy what Nancy Pelosi does? 🤦🏾

Good luck collecting that

Chump change penalty.

😂👏🏻👏🏻👏🏻👏🏻

BS

just a slap on the wrist to him. That is chump change to him. He is a horrid human who scammed Americans and I'm sure raked in 100 times more than that.....

The world must take action against the Zionist Jewish Apartheid Israel and against its forces.

Wash Compost

It doesn't matter if the person is good or bad. His pockets stuffed with cryptocurrency are important.

Now do pelosi on Every stock market buy her and her husband made MILLIONS ON…..wrong party huh🤡

Great now do Nancy

A Republican Madison Cawthorn (R.N.C) Fined more than $15,000 plus other fees for Conflict of Interest on the Purchase of Cryptocurrency

Didn’t he buy like a million dollar mansion?

Poor Maddie. Has nothing better to do…

Being in a wheelchair doesn’t give you an ethical “free pass.'

On the other hand, it’s hard to imagine a product better designed for separating suckers from their money.

Dirty politicians such as CawthornforNC should be barred from using campaign money, outside donations, or any third-party funds to pay these fines and fees. Otherwise, it's just another cost of not doing the people's business paid for by other peoples money.

Stand up for Democracy

GOP grifters gonna grift.

Corrupt POS

Republicans are sooo corrupt.

This guy just keeps getting better all of the time... May be stretching that wheelchair and veteran status a littttttttle too far to get away with stuff.

Cool, now do the Pelosi’s and the FTX dude… the one with the manboobs and funky hair.🖕🏽🤡🖕🏽

And try Maxine waters,AOC pelosi.

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