Cawthorn fined $15,000 for promoting 'Lets go Brandon' cryptocurrency
The House Ethics Committee has directed Rep. Madison Cawthorn (R-N.C.) to pay more than $15,000 in fines and fees for encouraging people to purchase a cryptocurrency in which he had a financial interest that was not properly disclosed.
According to the committee’s 81-page report released Tuesday, Cawthorn has until the end of the month to pay $14,237.49 — “reflecting the approximate value of the gift he received” — to “an appropriate charitable organization,” and an additional $1,000 in late filing fees to the Treasury Department within 14 days of the report’s release.
The congressman lost his primary in May and his term ends next month.
The House panel’s investigative subcommittee (ISC) “found substantial evidence that Representative Cawthorn promoted a cryptocurrency in which he had a financial interest in violation of rules protecting against conflicts of interest, and that he failed to file timely reports to the House disclosing his transactions relating to the cryptocurrency,” the report said.
https://www.washingtonpost.com/politics/2022/12/06/madison-cawthorn-cryptocurrency-house-ethics-fine/
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