[Botten]

Originally Posted by shovelquest [You must be logged in to view images. Log in or Register.]

Is this a crime?

ChatGPT said:

Yes, the scenario you've described sounds like it could be considered a crime, specifically a form of securities fraud or a "pump and dump" scheme.

This involves artificially inflating the price of an owned stock or, in this case, a cryptocurrency, by misleading or providing false statements to investors, then selling the overvalued shares to make a profit. This is illegal under securities law.

If this situation were real, it would likely be investigated and prosecuted.

Trump promotes new meme coin

Critics said the Trump meme coin could be a dangerous way for special interests and foreign governments to try and buy influence with the president.

"Now anyone in world can essentially deposit money into bank account of President of USA with a couple clicks,” Anthony Scaramucci, a former Trump White House communications director, said on X.

The sale of Trump meme coin was organized by CIC Digital, an affiliate of the Trump Organization. The coin’s website said 200 million Trump meme coins are currently available, with plans to issue 1 billion over the next three years. CIC Digital and another company collectively own 80% of the Trump meme coins and will receive “trading revenue derived from trading activities,” according to the token’s website.

The Trump family business recently released an ethics agreement that prohibits Trump from “day-to-day” decision making at the Trump Organization when he’s president and limits financial information about the business shared with him.

FactCheck: President Donald Trump downplayed the findings in a case against his namesake charitable foundation, claiming the judge had found only “some small technical violations.” Actually, in a settlement announced this week, the judge ruled that Trump “breached his fiduciary duty” to the Donald J. Trump Foundation in service of his 2016 presidential campaign.

-> LoL Trump signed an ethical agreement.

-> Someone has a problem with Haliey Welch scheme but not Trump's Family multiple scandalous schemes