New "pump-n-dump" scheme to fleece his flock. Dollars to doughnuts "Leon" is also knuckle deep into this too.
this post was submitted on 13 Sep 2024
286 points (97.7% liked)
News
23259 readers
3386 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
Kind of surprised that he isn't selling snake oil medicine and novelty dietary supplements and such. Alex Jones seemed to be really into that family of scams.
he did before with his vitamin and supplement MLM for a while
Just another way for foreign countries to legally fund his campaign without limits. There are only so many sneakers they can "buy" before it starts to look too obvious what's going on.
While eventually all Trump ventures fail some have enough money to keep going for quite a while - be careful that you don't overleverage yourself and get forced to take on debt because it didn't fail fast enough.
Ban shorts.
But they're comfy and easy to wear...
Sure PGA, let’s get you to bed.
I'm a Republican who does His Own Research and I'm buying Trump Crypto AGAIN after I lost THOUSANDS on his Last One! But this one is Different because Trump went on TV and Told Me and if you hear it on TV it's TRUE unless it's from the FAKE NEWS Which AOL is!
Let’s combine some of these grifts, how about each coin being minted with a number seared on a trump steak, which you must eat in order to be accepted to trump university.
mcdonald's burger, not steak
"Please eat a 'Trump brand verification steak' to sign into your account"
So greasy you feel your heart aged another ten years and you are just a half way through it.
Wait why is he trying to "leave the outdated big banks behind"? I thought conservatives liked big business. If they don't then can we leave the outdated big oil companies behind? Or are they special? Or is it banks specifically they don't like?
Money laundering is probably easier with crypto than with banks. Or he knows that his accomplices at Deutsche Bank are flipping on him.
It's banks specifically that he doesn't like, because they stopped lending to him after his ventures had one too many bankruptcies.
But then he learned he didn't need banks' money anymore, when he could just run for office and have people give him money out of their own pocket.
Along with the bibles, the steaks, the bogus university, the bogus charity... he's really trying to win the scam decathlon.
Hey, those bibles have the USA constitution in them and that somehow makes them better!
Parts os the constitution anyway
Don't forget the shoes
Could this be a convoluted way to tornado-cash his buddies' dirty linen by opening up a channel to dump his upcoming huge windfall in clean (as per US law, and FEC regulations, apparently) cash about to be gained from rug-pulling $DJT the moment that window opens?
He would never do such a thing! /s
Yeah… stick with the NFTs - at least there is a “product”.
A crypto coin and an NFT are literally the same thing.
There's a difference in how they're regulated. NFT's are not classified as investment vehicles, so the SEC doesn't care about them.
Don't you mean yuge embarrassment?
I'm sorry, aol.com? What millennium is this?!
One where I couldn't find another story that contained enough necessary information.
The story is from The Independent.
https://www.the-independent.com/tech/trump-crypto-world-liberty-financial-project-b2612199.html
Always a nice nostalgia trip when aol or msn links show up lol
Didn't he already unveil some tRumpcoin in the past?
there was a Let's Go Brandon coin that I only ever heard of because they announced a deal to sponsor a NASCAR team then were eventually rejected, so they cried about cancel culture and sued NASCAR https://www.miaminewtimes.com/news/nascar-sued-over-lets-go-brandon-coin-fiasco-16416730
The combined value of the meme coins, branded around the popular anti-Joe Biden catchphrase, plummeted from an estimated $570 million to near zero after the sponsorship went belly-up. The market for the digital currency — which apparently hinged on the hope that the "Let's Go Brandon" logo would be plastered all over a NASCAR racecar — vaporized in a matter of weeks.
afaik this is the first actual official DJT crypto other than two rounds of NFTs, and I've followed his scams pretty closely
Another day another way for him to make a fool of himself.
“It’s equitable. It’s collateral anyone can get access to and do so instantly,” he said. “I don’t know if people realise what a shake up that is for the world of banking and finance. I hope we can help change that.”
Oh, cool, they're revolutionizing finance! Gotta fleece the supporters a bit more before potentially losing the election.
“Get ready as we unveil our plan to Make Finance Great Again,” the Telegram post stated. “This is a landmark event you won’t want to miss! Let’s make history together.”
Oh, cool, this is gonna be historic. Gotta make the broke MAGA supporters a little more broke and in debt. Did you see how poorly DJT stock is doing? But it went up when he said he wouldn't sell, which I'm sure comforts the people who bought when it was twice as much.
Having previously dismissed the world’s leading cryptocurrency as a “scam”, Mr Trump told the crowd at the Bitcoin 2024 conference in Nashville that he would create a “national bitcoin stockpile” from seized criminal funds, as well as “immediately appoint a bitcoin and crypto presidential advisory council”.
Oh, cool, he takes this seriously. Gotta have someone in government make sure there isn't any regulation.
To be honest, while I'd prefer healthcare for everyone, I know we're not getting it. And because I'm jaded and convinced that his followers are filled with hate, I'm ok with them getting hurt by him. I just resent that he profits in the process.
Trump is far from a successful business man. Is Dumb and Dumber's hands, this should be a real shit show