US Representative Madison Cawthorn promo of the Let's Go Brandon token came at a high price for him.
Cawthorn’s “direct and unambiguous” promotional commentary on social media followed an undisclosed purchase by the Representative of $150,000 worth of the token in December 2021.
The $150,000 sum Cawthorn paid to an unnamed person involved with the token saw him receive 180 billion LETSGO, which were trading for an average value of around $164,200 at the time. Cawthorn also did notThe $14,237 difference between the amount Cawthorn paid and the average value of the tokens at the time he received them was considered a “gift” by the Committee who recommended Cawthorn repay the amount “to an appropriate charitable organization.
The Committee “did not reach a consensus” on whether Cawthorn intended to “personally profit from his promotional activities” and no “sufficient evidence” was found that Cawthorn used non-public information to time his transactions.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Madison Cawthorn Fined $15,000 For Plugging Let’s Go Brandon CryptocurrencyA House Ethics Committee investigation found “substantial evidence” that outgoing Rep. Madison Cawthorn (N.C.) improperly promoted a cryptocurrency in which he had an undisclosed stake and failed to file timely disclosures about his trades.
Read more »
Rep. Madison Cawthorn Fined More Than $15,000 in 'Let's Go Brandon' Ethics Committee Memecoin ProbeA House investigation concluded that the Republican Congressman violated multiple rules when he invested in and promoted the cryptocurrency.
Read more »
Madison Cawthorn Fined $15,000 For Plugging Let’s Go Brandon CryptocurrencyA House Ethics Committee investigation found “substantial evidence” that outgoing Rep. Madison Cawthorn (N.C.) improperly promoted a cryptocurrency in which he had an undisclosed stake and failed to file timely disclosures about his trades.
Read more »
Rep. Madison Cawthorn fined nearly $15K for ‘Let’s Go Brandon’ crypto coin schemeThe investigation also found that Cawthorn promoted the coin in photos and videos and encouraged others to invest in it as its value plummeted.
Read more »
Ethics panel directs Madison Cawthorn to donate $15K for improperly promoting Let's Go Brandon cryptocurrencyThe House Ethics Committee directed Rep. Madison Cawthorn to pay nearly $15,000 to a charity after finding 'substantial evidence' that he improperly promoted a cryptocurrency while in Congress.
Read more »
US House Investigators Say Rep. Cawthorn Improperly Promoted Crypto TokenRepublican congressman Madison Cawthorn won’t be around Capitol Hill much longer, but he left a crypto legacy in the form of an ethics report released today. It found CawthornforNC violated ethics rules in pumping LGB Coin. jesseahamilton reports
Read more »