Beautiful Virgin Islands


Scandal-plagued Republican Rep. Madison Cawthorn failed to report another trade of 'Let's Go Brandon' coin — a violation of the federal STOCK Act

Scandal-plagued Republican Rep. Madison Cawthorn failed to report another trade of 'Let's Go Brandon' coin — a violation of the federal STOCK Act

Scandal-plagued Republican Rep. Madison Cawthorn just violated a federal conflict-of-interest law for the third time this year, according to an Insider review of congressional financial disclosures.
Cawthorn's latest personal financial disclosure, mandated by federal law, shows he sold an amount of "Let's Go Brandon" coin valued between $15,001 and $50,000 in January. He waited until earlier this month to report the trade, in violation of the federal Stop Trading on Congressional Knowledge Act of 2012. 

The law, in part, requires members of Congress to report financial trades made within 45 days, or risk facing a penalty — the typical fine is just $200.

Aides for Cawthorn did not respond to Insider's request for comment.

Cawthorn first violated the STOCK Act in May, as he was months late disclosing hundreds of thousands of dollars worth of purchases and sales of cryptocurrency ethereum and Let's Go Brandon coin.

Then, in June, he was again late in disclosing two-dozen more cryptocurrency trades.

Regarding his investments in Let's Go Brandon coin, a name designed to insult President Joe Biden, the House Ethics Committee fined Cawthorn more than $15,000 in December after investigating his ties to the cryptocurrency. The committee found that Cawthorn purchased the Let's Go Brandon coin on terms more favorable than available to the general public, a violation of House rules by accepting a gift.

The value of all Let's Go Brandon coins in circulation was more than $570 million at the end of December 2021, but its market cap dropped to $0 — literally worthless — by the end of January 2022. 

Cawthorn is among 77 members of the 117th Congress who violated the disclosure requirements of the STOCK Act, as documented by Insider as part of its "Conflicted Congress" investigative project. "Conflicted Congress" revealed numerous conflicts of interest in Congress, including by top congressional aides — Insider found that 182 senior-level congressional staffers had also violated the STOCK Act.

Cawthorn will not be returning for the 118th Congress — earlier this year, he lost in the Republican primary to Rep.-elect Chuck Edwards amid a series of scandals and opposition from his own party.

House Minority Leader Kevin McCarthy publicly admonished Cawthorn in March for speaking on a podcast about cocaine usage by Washington Republicans, and for noting he had been approached to join an orgy.

"I just told him he's lost my trust, he's gonna have to earn it back," McCarthy told reporters, according to Axios. "And I laid out to him everything that I find is unbecoming."

In April 2022, police cited Cawthorn for carrying a loaded handgun inside of the Charlotte Douglas International Airport — it was the second time he was caught trying to bring a firearm onto a plane during his time in office.
Comments

Brad 2 year ago
500 million federal/privateer banking cartels funded this FJB coin now $0.00

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Pope Francis Urges Unprecedented Dialogue Amid Escalating Ukraine-Russia Tensions
Dozens Survive Kazakhstan Passenger Jet Crash Amid Tragedy
Kazakhstan Air Disaster: Dozens Survive as Authorities Probe Fatal Plane Crash
Postal Workers Demand Government Probe Into Royal Mail 'Fake Deliveries' Scandal
Explosion Sinks Russian Cargo Ship Ursa Major in Mediterranean
Mystery Shrouds U.S. Citizen Gene Spector's 15-Year Espionage Sentence in Moscow
Zelenskyy Alleges 3,000 North Korean Casualties in Russian Conflict
North Korea's Unseen Hand: Over 1,000 Troops Suffer Casualties in Ukraine
Discovery of 50,000-Year-Old Baby Mammoth in Siberia Fascinates Scientists
Magdeburg Attack Fuels AfD's Political Momentum Amid Rising Tensions
In Magdeburg, Germany, a man is arrested by the police for declaring, "I am a Christian."
UK News Roundup: London Shooting, Travel Disruptions, and Legal Battles
UK Economy Teeters on Recession's Edge Amid Revised Growth Figures
Australian Man Captured in Ukraine Conflict; Government Seeks Answers
Zelenskyy’s Push for NATO: A High-Stakes Gamble for Eastern European Stability
Slovak Pragmatism or EU Discord: Prime Minister Fico’s Polarizing Moscow Engagement
The Ripple Effects of a Russian Victory in Ukraine: A Global Tectonic Shift
U.S. Government Shutdown Averted by Last-Minute Agreement
Tragedy in Magdeburg: Saudi Doctor's Alleged Terror Attack at German Christmas Market Ignites Global Security Debate
Tragedy Strikes at Magdeburg Christmas Market: Terror Attack Leaves Five Dead
Texas Congresswoman Kay Granger Discovered in Nursing Home Following Six Months of Inaction
Prince William to End Feudal Land Restrictions in Duchy of Cornwall, but Controversies Remain
British police appear unprepared to deal with usual suspects
Russia's Ballistic Blitz on Kyiv Sends Shockwaves Through Global Stability
Multiple Tragedies and Tensions Mark Global Events: A Closer Look
Elon Musk's AfD Endorsement Ignites Controversy from neo-Nazis who accuse the AfD of being what they themselves are
Ukraine Claims Unprecedented Russian Losses: The Truth Behind Wartime Statistics
Federal Reserve Chair Powell: "We are prohibited from owning Bitcoin and are not seeking any changes to that law."
A Democratic congresswoman with blue and black hair is having a meltdown over "President Musk."
A sizable group of unauthorized migrants is traveling through Mexico with the aim of reaching the USA before Trump assumes office.
Beatles Reunion Electrifies London: Paul McCartney and Ringo Starr Ignite O2 Arena with Surprise Performance
Starmer's Envoy Engages Trump Team as UK Seeks Strategic U.S. Partnership
Britain's Retail Rebound Falters as Black Friday Splurge Dissipates
Bank of Japan's Bold Reckoning: A Decade of Unconventional Policy Under Scrutiny
Republican Discord Threatens Government Shutdown Amid Holiday Season
French Retiree Dominique Pellico Convicted for Recruiting 72 Men to Assault Wife Over a Decade
Putin Defends War Strategy as Global Tensions Rise
Putin Claims Progress as Tensions Rise: Conflict in Ukraine Intensifies
Putin's Paradox: Claiming Strength Amidst Sanctions and Isolation
Water as a Weapon: The Contentious Struggle for Survival in Gaza
Syria's Future: A Fight for Democracy or Another Cycle of Oppression?
UK Considers Sending Troops to Ukraine: A Strategic Move or Intensifying The Proxy War?
Renewed ISIS Threat Puts Syria’s Cultural Heritage in Peril
Escalation in Moscow: High-Profile Assassination and International Tensions Intensify
North Korean Troops in Ukraine: A New Cold War Frontier?
Ukraine's Bold Move: High-Stakes Assassination of Russian General in Moscow
Dubai's Technological Leap: Brain Chips and AI Board Members by 2025
Tragedy Strikes Wisconsin School as Shooting Claims Lives of Teacher and Student
UK's Calculated Gamble: Balancing Defense Aid to Ukraine and Domestic Demands
UK Intensifies Stranglehold on Russian Oil, but Does It Dampen Putin’s Resolve?
×