Senator Tom Tilly (RN.C.) has called for an investigation into possible insider trading in MP Madison Cottorn (RN.C.) cryptocurrency.
A congressman’s insider trade is a gross betrayal of their oath, and Congressman Cavtorn has a duty to explain it in North Carolina. In this regard, a thorough and two -party investigation by the Chamber’s Ethics Committee is needed. #ncpol https://t.co/3s1UJMk1tj
– Senator Tom Tilly (@SenThomTillis) April 27, 2022
Tilly called for an investigation after Congressional ethics investigators told the Washington Examiner that Cawthorn had raised suspicions. “Multiple Guard Group” For the popularization of the cryptocurrency “Let’s Go Brandon”, which got its name from the vulgar phrase against Joe Biden, popular with Donald Trump fans.
The Examiner posted a photo on Instagram, posted in December, that showed a couple posing with hedge fund manager James Kutula, the man behind “Let’s Go Brandon” meme coin. In the post, Kojorn tossed a coin, boasted of owning it, and said it would be “Go to the moon” the next day.
Of course, NASCAR driver Brandon Brown announced the next day that cryptocurrency would be his main sponsor for the 2022 racing season, increasing the value of the coin by 75%, according to the Examiner.
NASCAR stopped sponsoring shortly.
According to the newspaper, the total value of the coin reached $ 570 million and then collapsed after just a month. The fluctuation led to allegations of a “pump and dump” scheme in which promoters protested an investment to raise prices and then dumped their owners. Start -up investors remain in the hands of deflated assets.
“It looks really, really bad,” Dylan Headler-Godet, the head of government affairs for the government oversight group, told the Examiner. “Only now did he find out. And it’s against the law. “
The Investor has already filed a lawsuit against Kutulas. Although Cawthorn was not the target of the lawsuit, he was named as one of the “celebrities” who advertised the coin.
Cawthorn did not respond to a request for comment from the Raleigh -based Examiner or News & Observer. However, on Instagram, he criticized the unnamed senator and called him “RINO” (named only Republican). He also complained that ” The institute ”is aimed at him.
Cawthorn has been targeted in recent months for repeated clashes with law enforcement over guns and road crime. Authorities said he was arrested twice for driving, without a license, and for driving with a suspended license.
The following Tuesday, Cawthorn released a citation for the crime The presence of dangerous weapons Police said they were trying to bring firearms to a security checkpoint at Charlotte Douglas International Airport in North Carolina.
This is the second time Kavtorn has been caught trying to swim with a gun near airport security. He was stopped last year at Asheville, North Carolina regional airport when he tried to board a plane with an empty pistol and a magazine full of ammunition in his wallet.
At the time, he said it was just a mistake.
Source: Huffpost
