GOP Senator: Investigate Cawthorn For Insider Trading

Charlotte’s Fox News affiliate reports: 

A North Carolina senator is weighing in on the latest in an avalanche of issues for a fellow congressman from the Tar Heel state. Thom Tillis tweeted Wednesday morning, addressing accusations that Rep. Madison Cawthorn had implicated himself in insider trading.

The Washington Examiner wrote that Madison Cawthorn is under fire after posing with hedge fund manager James Koutoulas, who was the “ringleader” of the “Let’s Go Brandon” cryptocurrency on Dec. 29. The next day, NASCAR driver Brandon Brown announced his partnership with the LGBCoin, which caused the value to spike.

Watchdog groups believe that this signals that Cawthorn knew about the endorsement before it was announced, therefore knew ahead of time that Brown’s involvement would inflate the value.

Read the full article. My first report on the scheme is here.

Insider trading by a member of Congress is a serious betrayal of their oath, and Congressman Cawthorn owes North Carolinians an explanation. There needs to be a thorough and bipartisan inquiry into the matter by the House Ethics Committee. #ncpol https://t.co/3s1UJMk1tj

— Senator Thom Tillis (@SenThomTillis) April 27, 2022