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NBachers

(17,129 posts)
Sun Apr 10, 2022, 01:54 AM Apr 2022

'Let's Go Brandon' Meme Token Creators, Promoters Hit with Class Action Over Alleged 'Pump and Dump'

Scheme:

A class action alleges the creators of the "Let's Go Brandon" token and several other individuals have misleadingly promoted the crypto asset to artificially inflate its value before selling their portions for personal gain.

Republican rats scurrying around and trying to eat each other. This is the best example of MAGAt tears.

https://www.classaction.org/news/lets-go-brandon-meme-token-creators-promoters-hit-with-class-action-over-alleged-pump-and-dump-scheme?fbclid=IwAR3NJ6DwFnqUK3RhlB0T8BCjHOSocAHWTSnmJga3oOlN8A5CMao_R2ArbLI

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'Let's Go Brandon' Meme Token Creators, Promoters Hit with Class Action Over Alleged 'Pump and Dump' (Original Post) NBachers Apr 2022 OP
NASCAR might go bankrupt on this deal. multigraincracker Apr 2022 #1
Seems to me, our present political morass began... William Seger Apr 2022 #2
Ha ha - Republican proles SUCKERED again Achilleaze Apr 2022 #3
Grifters gotta GRIFT with Pump and Dump bright shiny bobbles MagickMuffin Apr 2022 #4
Con men specialize in exploiting greed William Seger Apr 2022 #5
Who could have seen this coming? Midnight Writer Apr 2022 #6

William Seger

(10,779 posts)
2. Seems to me, our present political morass began...
Sun Apr 10, 2022, 04:47 AM
Apr 2022

... with the repeal of the fairness doctrine, soon followed by Rush Limbaugh's discovery that exploiting reactionaries could be an entire industry. Wherever there is money, there will be scammers, and it's quite predictable that there will be more among a group primarily identified by its sociopathy.

MagickMuffin

(15,949 posts)
4. Grifters gotta GRIFT with Pump and Dump bright shiny bobbles
Sun Apr 10, 2022, 10:19 AM
Apr 2022



The 77-page lawsuit over the alleged “pump-and-dump” scheme claims that the creators of the LGB token and their company, LGBcoin.io, enlisted NASCAR, Brandonbilt Motorsports, driver Brandon Brown and conservative figures such as Candace Owens and David J. Harris, Jr., among others, to misleadingly endorse the meme coin over social media while disguising their control over substantial amounts of the asset that were available for public trading.

The complaint alleges that investors who bought the politically charged tokens between November 4, 2021 and March 15, 2022, in particular when it was believed NASCAR would approve the LGB token’s sponsorship of Brown, were injured financially given they did so at artificially inflated prices.



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