D. Trump Jr. and Eric Trump Running Felony Fraud Scheme Prosecutable in New York
4 hours ago
- #cryptocurrency fraud
- #legal accountability
- #Trump family
- The author outlines evidence that Donald Trump Jr. and Eric Trump committed fraud via their cryptocurrency venture World Liberty Financial, comparing it to cases where other crypto founders were imprisoned.
- World Liberty Financial claimed its token was decentralized, but its smart contract included a hidden function allowing insiders to freeze any holder's tokens, contradicting this claim.
- The venture directed 75% of its revenue to a Trump family entity, generating over $1.2 billion, while token holders lost about 80% of their investment.
- The conduct is likened to prosecuted cases: Braden Karony (8 years for false statements), Alex Mashinsky (12 years for false statements and self-dealing), Sam Bankman-Fried (25 years), and Do Kwon (15 years).
- New York Penal Law section 190.65 (scheme to defraud in the first degree) applies, carrying a maximum of 4 years in prison, with potential for more severe charges like grand larceny (up to 25 years).
- The article urges readers to report the conduct to New York authorities, providing contact details for the New York Attorney General, Manhattan District Attorney, and Governor Kathy Hochul.
- A script is provided for reporting, emphasizing documented facts and asking why no investigation or charges have been pursued.