So much for the SEC: charges against Chinese billionaire dropped after he gives $30 million to Trump’s crypto scheme

RoryN

You're screwed.
Joined
Apr 8, 2003
Posts
60,381
It's starting to become clearer who will get America's assets in the fire sale once Republicans trash the country for scrap.

(BTW: this is same the guy who bought that banana-duct-taped-to-a-wall art...and then ate it.) :nana:

SEC Drops Charges Against Chinese Billionaire After He Pumps $30 Million Into Trump’s Crypto Scheme​


Chinese crypto entrepreneur Justin Sun’s legal troubles seem to be fading away. In March 2023, the Securities and Exchange Commission (SEC) charged him with manipulating the market. After Trump was elected, he dumped $30 million into the President’s World Liberty Financial crypto scheme. Now a federal judge has granted him a stay in the SEC’s investigation.

Sun owns several companies, including Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly BitTorrent). According to an SEC press release from 2023, Sun was allegedly using his companies to wash trade securities, buying them with one company and immediately buying them with another. He also allegedly paid for celebrity endorsements without disclosing the agreement.

https://gizmodo.com/sec-drops-charg...-million-into-trumps-crypto-scheme-2000569966
 
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