Rep. Madison Cawthorn is having a rocky week. The same day he was cited for possession of a loaded handgun at Charlotte Douglas International Airport, the lawmaker was accused of possibly violating federal insider trading laws with his recent social media posts hyping the “Let’s Go Brandon” cryptocurrency.
Multiple federal watchdog groups told the conservative outlet the Washington Examiner that Cawthorn may have acted unlawfully when he praised the LGB meme coin, which is now the focus of a class-action lawsuit over an alleged pump-and-dump scheme.
The groups cited Cawthorn’s December Instagram posts about the cryptocurrency. “LGB legends. … Tomorrow we go to the moon!” he wrote in one, adding that he owned some of the currency.
The very next day, the NASCAR driver who inspired the right-wing rallying call, Brandon Brown, announced a sponsorship with the crypto. According to the watchdog groups, it could be a big problem if Cawthorn knew about the deal ahead of time and still promoted LGBCoin online.
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“Having advance and nonpublic information that is then used to gain advantage in a financial market (including straight up commodities) is illegal, making my call for DOJ or SEC investigation still operative in this case,” said Dylan Hedtler-Gaudette, the government affairs manager for Project on Government Oversight.
“This looks really, really bad,” Hedtler-Gaudette added. “This does look like a classic case of you got some insider information and acting on that information. And that’s illegal.”
“I think there’s probably a strong case here. I don’t want to prejudge, but based on everything that’s out there, I think there is a very strong possibility that if someone is going to investigate this, they’re going to find something.”
The lawsuit against LGBCoin was brought by an investor who accuses the crypto of pumping up its value with high profile endorsements like Cawthorn’s, only to have insiders dump their holdings before the price fell.
On Wednesday, Republican Sen. Thom Tillis called for the House Ethics Committee to investigate Cawthorn’s involvement.
“Insider trading by a member of Congress is a serious betrayal of their oath, and Congressman Cawthorn owes North Carolinians an explanation,” Tillis tweeted.
m
Needs a standing ovation ?
ggontarek
Since he can’t – yes.
Max
he’s a moron. so are his cohorts in government and none can be bothered to actually educate themselves on federal conduct once in office. it’s like they’re only there for three things: money, sedition, and retribution.
white-queer-african
And no comment as yet in defense from our most hated troll @BTH Copy & Paste Queen (acknowledging @Toofie for the perfect apt description)? Must be working overtime as a janitor at the local shopping center in Palm Beach? Or maybe up the road at Mar-a-Lago where it can lick the toilet seat after “IT’s” savior, the Orange turd, sat on it to have a crap.
And yes dear Queerty friends, by know you must have realized that I despise and hate the fat, old racist-ass. Us African’s take major umbrage to anyone insulting us. If the bitch was a local, by now she would have had a burning necklace around the neck!
Diplomat
Do speak for yourself ya rabid dou*che. Every word out of your mouth is frothy filth. Don’t want to hear about it. It’s not all about you. Over it. Over you.
white-queer-african
@Diplomat, yes I do speak for myself. I do speak up against hatred and prejudice. I do not need your permission nor will I ask for it. Please refrain from reading my comments as it clearly triggers you. I have been aa activist from the age of 11. Speaking up against apartheid in South Africa. Then standing up for gay rights. What have you done or have you even spoken up about any issues?
I send you peace and love.
LegionKeign
” If the bitch was a local, by now she would have had a burning necklace around the neck!”
It’s pretty messed-up that you would even joke about doing such a horrific thing to anybody. You come across as being just as batsh*t crazy as that old mushroom gargler.
white-queer-african
@LegionKeign, trust me it I was not joking. If it appeared that way I retract and apologize. It is and was a horrific threat to anyone. It kept many an outspoken person against apartheid or collaborating with the regime in place.
preppyesque
If by some fortunate circumstance Madison winds up going to prison, he’ll be the biggest prison bitch ever. That’s some gay porn I would LOVE to see!
firebolt87
If I had a penny for every time this site announced that some a-hole Republican politician is “in huge trouble” or “things are about to get much worse for them” or whatever, I could buy a yacht. Whatever. We all know members of the pro-insurrection, pro-KKK, MAGA party can get away with anything at this point, because their supporters don’t care (hell, they approve) and the media is too busy nitpicking Biden and Democrats for stuff that isn’t 1/10 as bad.
Granted, in Cawthorn’s specific case he might have a little more to worry about because the leaks about him seem to be coming from his own party. Looks like the coke orgies story pissed them off and now they’re hanging him out to dry.
SFMike
You’ve hit it all right on the head. The media persists in says those on the radical right are in trouble when it’s obvious that in reality laws and rules no longer apply to those in the Republican party and are only useful now as weapons against Democrats or others that still think they apply. “Owning the libs” is now more important to Republicans than any other action which is good for the white nationalist party that no longer has an actual platform that they are willing to write down.
nyxy
Why do regressives keep electing degenerates likes Cawthorn? Tillis is not about to go down hard on Cawthorn. It’s all bark from him.
scotty
hahaha good one.he uses those loaded guns as dildoes with matt gaetz and marjori the other whore.
Prax07
Just put all the GOP, with the exception of like 2, in prison where they belong. Nothing but criminals.
mz.sam
Ship his sorry gimp ass and Repubtard wheelchair to Mariupol, Ukraine.
Brian
“it could be a big problem if Cawthorn knew about the deal ahead of time”
Lots of congressmen do this, and very few of them face prosecution. Even if charges are filed, then once the person leaves office, the charges are dropped. (It’s an unwritten rule not to spend public funds prosecuting someone who is no longer sitting in office.) This is not “a big problem” for him. He’s fine. He is extremely well-protected.
trojanboy
Does he escort?
CNY1983
one thing he can take with him out the way out the door along with his “bible” is that face that screams: “I CUM IN 15 SECONDS.”