The Daily Beast reports:
A new class-action lawsuit filed by an investor in Trumpworld’s favorite “Let’s Go Brandon” meme coin claims that some of the token’s key players orchestrated a pump-and-dump scheme. A number of former President Donald Trump’s most loyal fans bought into the crypto hype, only to see the value of their investments plummet.
Ultimately, the 79-page suit filed in Florida alleges, those insiders “cynically marketed the LGB Tokens to investors so that they could sell off their portion…for a profit,” even as the selloff caused the value of the coin to drop precipitously for the remaining crypto holders.
The defendants included the Trumpy hedge funder James Koutoulas, NASCAR, and conservative media personalities Candace Owens and David Harris Jr., among others.
Read the full article.
The coin is now essentially worthless.
A class-action lawsuit filed by an investor in Trumpworld’s “Let’s Go Brandon” meme coin claims some of the key players orchestrated a pump-and-dump scheme. Trump cultists who bought into the crypto hype saw the value of their investments plummet. https://t.co/gKdkgRQys9
— Jon Cooper (@joncoopertweets) April 12, 2022
They got suckered on Let’s Go Brandon coins, and now they’re suing Candace Owens. ???https://t.co/tV4ncWqhUZ
— BrooklynDad_Defiant! (@mmpadellan) April 12, 2022
If you bought into Trumpworld’s “Let’s Go Brandon” meme coin but won’t wear a mask because you believe it will block the oxygen to your brain — don’t worry, that ship has already sailed.
— Andrea Junker (@Strandjunker) April 12, 2022