Trump Family Crypto & Other Corruption

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nycfan said:

A Historic Crypto Selloff Erased Over $19 Billion, but Two Accounts Made $160 Million​

A timely bet raises eyebrows amid record crypto selloff​


🎁 —> https://www.wsj.com/finance/currenc...d?st=nZU2Zt&reflink=desktopwebshare_permalink

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“… Last week’s plunge also highlights how closely these markets are now intertwined with geopolitics—and how their prices respond to policy decisions from an administration whose members hold large stakes in the very assets they are affecting. The token for World Liberty Financial, a crypto project backed by President Trumpand his three sons, fell by more than 30% on Friday. …

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“… Prabowo appeared to be unaware that a live microphone was recording his conversation as he spoke to the president and referenced a region that is “not safe, security-wise”. He then asks Trump: “Can I meet Eric?”

Trump says: “I’ll have Eric call. Should I do that? He’s such a good boy. I’ll have Eric call.”

Eric Trump and his brother Donald Trump Jr both serve as executive vice-presidents of the Trump Organisation.

Prabowo follows up by telling Trump “we’ll look for a better place”, and Trump says again “I’ll have Eric call you”.

Prabowo says “Eric or Don Jr”.

It was not clear in the audio whether the two were referencing the Trump Organisation or any business deals involving the president or his family, but the company opened its first golf club in Indonesiaunder the Trump name in March, in collaboration with a local company.

Another property in Indonesia and a resort in Bali are listed on the Trump Organisation’s website as “coming soon”.…”
 


🎁 —> https://www.wsj.com/world/india/tru...6?st=67fZfB&reflink=desktopwebshare_permalink

“… Those partners, 30-something Pankaj Bansal and his billionaire father and uncle, are accused by Indian authorities of helping another developer launder around $46 million cheated from customers, according to police reports and court documents.

Authorities said there is evidence that suggests the Bansals were involved in bribing a judge connected to that case, and in another case, are accused by authorities of working with officials to illegally acquire land. If convicted of the money-laundering offenses, they face up to seven years in prison. …”
 


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“$MELANIA was not a legitimate or endorsed token, but a fraud that misused intellectual property and public trust to create the illusion of integrity while executing a Theft,” the lawsuit alleges. “Investors believed they were supporting a celebrity-endorsed innovation. In truth, they were providing liquidity to an insider-controlled market rigged for collapse.”
 


🎁 —> https://www.wsj.com/finance/currenc...3?st=XWytj6&reflink=desktopwebshare_permalink

“President Trump has pardoned Changpeng Zhao, the convicted founder of the crypto exchange Binance, according to people familiar with the matter, following months of efforts by Zhao to boost the Trump family’s own crypto company.

The president signed the pardon on Wednesday, the people said. Trump recently indicated to advisers that he was sympathetic to arguments of political persecution related to Zhao and others, one of the people said.

White House press secretary Karoline Leavitt said that Trump had “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.” She added: “The Biden Administration’s war on crypto is over.”

… Since Trump’s election, Binance has also been a key supporter of his family’s World Liberty Financial crypto venture, a business that has driven a huge leap in the president’s personal wealth.

The Justice Department imposed a record $4.3 billion fine and burdensome oversight on Binance, which it said had become a colossal money-laundering hub through which sanctioned groups and criminal organizations laundered billions of dollars in illicit funds.

The pardon may also prematurely end the Justice Department’s three-year Binance monitorship, set up to ensure the company complies with U.S. financial crime laws. However, it likely won’t end a separate monitorship established by the Treasury Department without the additional approval of Trump or the Treasury secretary.…”

Overlaps with the pardon thread, obviously.

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nycfan said:


🎁 —> https://www.wsj.com/finance/currenc...3?st=XWytj6&reflink=desktopwebshare_permalink

“President Trump has pardoned Changpeng Zhao, the convicted founder of the crypto exchange Binance, according to people familiar with the matter, following months of efforts by Zhao to boost the Trump family’s own crypto company.

The president signed the pardon on Wednesday, the people said. Trump recently indicated to advisers that he was sympathetic to arguments of political persecution related to Zhao and others, one of the people said.

White House press secretary Karoline Leavitt said that Trump had “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.” She added: “The Biden Administration’s war on crypto is over.”

… Since Trump’s election, Binance has also been a key supporter of his family’s World Liberty Financial crypto venture, a business that has driven a huge leap in the president’s personal wealth.

The Justice Department imposed a record $4.3 billion fine and burdensome oversight on Binance, which it said had become a colossal money-laundering hub through which sanctioned groups and criminal organizations laundered billions of dollars in illicit funds.

The pardon may also prematurely end the Justice Department’s three-year Binance monitorship, set up to ensure the company complies with U.S. financial crime laws. However, it likely won’t end a separate monitorship established by the Treasury Department without the additional approval of Trump or the Treasury secretary.…”

Overlaps with the pardon thread, obviously.

Denver 9News GIF by nextwithkyleclark
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“… World Liberty has generated significantly more income for the Trump family in the past year than their property portfolio ever has annually.

Binance has been one of the main drivers of the growth of World Liberty’s dollar-pegged cryptocurrency, called USD1. It delivered World Liberty’s first big break this spring when it accepted a $2 billion investment from an outside investor paid in USD1. Binance has also incentivized trading in USD1 across platforms it controls….”
 
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