First lady not named in suit in which investors allege Meteora executives created coin they knew would plummet

The designers of a cryptocurrency launched by the US first lady, Melania Trump, in January were accused in court filings on Tuesday of orchestrating a pump-and-dump scheme.

The $MELANIA coins were released for just a few cents each on 19 January, the day before Donald Trump was inaugurated as US president. In addition to $MELANIA, Donald Trump launched $TRUMP a few hours before his inauguration.

Within hours, the $MELANIA coin’s price soared to $13.73.

  • falseWhite@lemmy.world
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    1 day ago

    MAGA crowd is very easy to scam and exploit.

    There was the Kirk website exploit and now this.

    Looking forward to more. Maybe I should come up with something too.

    • PKscope@lemmy.world
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      1 day ago

      Makes me wish I didn’t have scruples/morals/values sometimes. I could be a rich man with as gullible as these fucks are.

      • otacon239@lemmy.world
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        1 day ago

        I think there has to be some crossover. I have yet to witness someone who is smart enough to grift, recognize grifters and has also not found something better to do with their time.

        I have to imagine there’s hundreds of thousands of grifts that go nowhere by unintelligent fucks and we only hear of the ones that were successful. Not saying there’s no one out there like that, but I think there’s just barely any crossover in those two crowds.

        I wouldn’t be surprised at all if all the big-time grifters were constantly being grifted as well because those are the types of people they surround themselves with.

    • CharlesDarwin@lemmy.world
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      21 hours ago

      Don’t forget Bannon’s bullshit wall-building scheme. The one he should have gone to prison for, but of course was pardoned by the pedo-in-chief.

    • UnderpantsWeevil@lemmy.world
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      1 day ago

      MAGA crowd is very easy to scam and exploit

      A lot of this isn’t scamming, strictly speaking. It’s a legalized form of bribery.

      The Qataris are some of the biggest holders of these coins, as a means of extracting foreign policy concessions from the President

      • Bronzebeard@lemmy.zip
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        6 hours ago

        I don’t think this one is legalized. They may have five it to obfuscate the bribery, but that doesn’t make it any more legal

      • CharlesDarwin@lemmy.world
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        20 hours ago

        Yep. Probably a lot of marks got caught up in this, but it is most likely just a way to directly bribe this shitstain of a “president” by who knows what entities/countries.