More Trump Family Grifting

Discussion in 'Politics' started by gwb-trading, Mar 14, 2021.

  1. Went to that curved building when it was Trump Tower....when trump started making derogatory commnts about Latinos, the company that owns the building and simply rented the use of the name, broke off ties and the name came down. I believe Marriott took over the hotel portion and someone else was managing the residences.

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    #201     Dec 24, 2024
    gwb-trading likes this.
  2. gwb-trading

    gwb-trading

    #202     Jan 15, 2025
  3. gwb-trading

    gwb-trading

    Corporate America kisses up to the fascist. Reminds me of another country in the 1930s.

    ‘Everyone’s trying to kiss the ring’: Trump’s inauguration devours corporate cash, smashing records
    Donations are flying in from some of the world’s biggest companies — and though many have contributed before, the checks this year are bigger.
    https://www.politico.com/news/2025/01/16/trump-inauguration-corporate-donors-004242
     
    #203     Jan 16, 2025
  4. gwb-trading

    gwb-trading

    The biggest profiteer off of this Trump memecoin is grifter Trump himself of course.

    Over 500 people became millionaires in less than 24 hours after investing in Donald Trump's new cryptocurrency
    President-elect Donald Trump’s memecoin has made 525 people richer than rich
    https://www.unilad.com/news/us-news...-people-millionaires-24-hours-272348-20250119

    People have become millionaires after investing in US President-elect Donald Trump’s memecoin.

    If you’ve not been keeping a close eye on the cryptocurrency market lately, you’ll have completely missed the fact that Trump released his $Trump memecoin as he prepares to take office and become inaugurated tomorrow (January 20).

    The soon-to-be 47th president of the US sent out a tweet from his official Truth Social, his social media platform account, telling his followers to join him in ‘winning’ to celebrate his presidency.

    The website said: "This Trump Meme celebrates a leader who doesn't back down, no matter the odds.”

    However, it came with a disclaimer to confirm that the coin is ‘not intended to be, or the subject of’ an investment opportunity and it’s also ‘not political and has nothing to do with’ any campaigns, persons or offices.

    It states that it is not intended to be an ‘expression of support for, and engagement with, the ideals and beliefs embodied by the symbol $TRUMP’ and it’s also not ‘intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type’.

    Co-ordinated by CIC Digital LLC, which is an affiliate of the Trump Organization, the meme coin did something that many could not have anticipated- it skyrocketed into the billions overnight.

    Within just six hours, it went from a few cents to $14, and it just kept climbing from there.

    Hours after its launch, the market capitalisation was nearly $5.5bn, as per CoinMarketCap.com, making 500 traders millionaires thanks to their investments.

    While only some 200 million coins have been issued, the website stated that 800 million will be released in the next three years for traders to snatch up.

    But while many have become super rich thanks to their investments, others have accused Trump of benefiting from the coin.

    Nick Tomaino, a crypto venture capitalist, said on social media: "Trump owning 80 percent and timing launch hours before inauguration is predatory and many will likely get hurt by it."

    According to SolanaFloor, a news site which reports on digital finance, wrote on X: “A trader is up $29.8M on $TRUMP, Donald Trump’s official memecoin on Solana. He spent $1.09M to buy 5,971,750 TRUMP coins, now worth $30.8M in under 2 hours—a 2,634% gain. The trader has not sold any coins yet.”

    At the time of writing, the memecoin has become the second largest on the market, with a 272 per cent increase in investment.

    According to onchain data, it had over $3 billion in trading volumes within hours of it going live, it boasted a $2 billion market capitalization and it even brought in early buyers over $70 million in paper gains, and around $1 million for the smaller traders.

    As this is the first time a president has given their likeness to a memecoin, it’s a pretty big deal in the crypto world.

    According to a screenshot of traders, over 525 people became $TRUMP millionaires in less than 24 hours of investing in the coins.

    UNILAD contacted Donald Trump’s representatives for comment.
     
    Last edited: Jan 19, 2025
    #204     Jan 19, 2025
  5. gwb-trading

    gwb-trading

    Trump regularly makes his supporters poorer with his grifts -- this time it is with his $TRUMP meme coin. "The vast majority — over 810,000 wallets — were left holding the bag. Collectively, the unlucky suckers lost more than $2 billion after the price of the coin crashed."

    Trump Supporters Lost a Staggering Amount of Money as They Bought His Meme Coin
    "The president is participating in shady crypto schemes that harm investors."
    https://futurism.com/trump-supporters-lost-money-meme-coin
     
    #205     Feb 12, 2025
  6. Not only did he scam his dumb-ass supporters he also made $100Million in fees.
    This is his and his family's new business.

    Trump Supporters Lost a Staggering Amount of Money as They Bought His Meme Coin
    "The president is participating in shady crypto schemes that harm investors."

    It appears that the house, as always, has won. According to Chainalysis data cited by the NYT, the Trump family and its partners made out with nearly $100 million in trading fees alone. Currently, the $Trump coin is at around $15, which isn't even a quarter of its $75 peak.
     
    #206     Feb 12, 2025
  7. Tuxan

    Tuxan

    Its clearly a pleasure for him to take some of them out by suicide. Perhaps he is making the heard stronger by eliminating the weak members of the herd?

     
    #207     Feb 12, 2025
  8. gwb-trading

    gwb-trading

    #208     Feb 18, 2025
  9. gwb-trading

    gwb-trading

    #209     Mar 12, 2025
  10. gwb-trading

    gwb-trading

    Funny how their name always shows up when 'money laundering' gets brought up.

    Trump Family Discussing Deal With Crypto Firm That Pleaded Guilty to Money Laundering, as Founder Seeks Pardon
    https://dailyboulder.com/trump-fami...-to-money-laundering-as-founder-seeks-pardon/

    Representatives from President Trump’s family have been in talks about investing in the U.S. branch of Binance, a cryptocurrency exchange. This company pleaded guilty to money laundering in 2023.

    At the same time, Binance’s founder, Changpeng Zhao, also known as CZ, is pushing for a pardon from President Trump. Zhao, who is the largest shareholder of Binance, spent four months in prison after admitting to charges related to the money laundering case.

    As reported by The Wall Street Journal, Binance has been trying to rebuild its presence in the U.S. by reaching out to Trump’s allies, hoping to secure a business deal with the Trump family.

    It’s unclear exactly how much of a stake the Trump family is looking to take in Binance, or if this deal is linked to the possible pardon for Zhao. They might make an investment directly or use World Liberty Financial, a cryptocurrency venture the Trump family is involved in. Steve Witkoff, who works with the Trump administration on Middle East and Ukraine issues, is also reportedly part of the talks, though the Trump administration denies his involvement.

    If this deal goes through, it could raise concerns about conflicts of interest, especially if a pardon is involved. There have been other instances where Trump’s businesses seemed to mix with his presidential duties, such as his company’s deal with Saudi Arabia to build a new Trump Tower.

    Trump’s past moves, like creating a cryptocurrency “strategic reserve” and launching “meme coins” with his wife Melania, have raised questions about whether these actions were just to make money for themselves. If the deal with Binance happens, it will likely reinforce the idea that the Trump family is focused on financial gain.
     
    #210     Mar 13, 2025