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Investors Sue After Losing Everything On Trump Themed Cryptocurrency - YouTube
Channel: Farron Balanced
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An investor is suing several very influential,
right wingers for allegedly hing up a Trump
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theme.
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Cryptocurrency that as far as I can tell from
reports is just called.
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Let's go Brandon, because he alleges that
they hyped it up, drove the price up, then
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immediately sold, causing the price of it
to plummet.
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Essentially the price has already fallen more
than 99% leaving investors who are still holding.
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These let's go brand crypto coins with basically
worthless pieces of nothing.
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But this particular investor, a man by the
name of Eric, Def Ford has named several prominent,
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right wingers in his lawsuit, uh, including
hedge fund manager, James, uh, S media personalities,
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Canda Owen, and David Harris Jr.
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And several others.
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But it's the Candace Owen one that I, that
I want to focus on here.
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Or can O one, I guess I should say, because
her defense is what is absolutely hilarious,
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cuz it shows what a loser she is.
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So here's what happened.
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Let's get to the scheme first.
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This is what Def Ford alleges took place.
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You, you had these right wing media influencers,
media personalities, hedge fund managers,
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podcasters, all these individuals out there,
hing the let's go Brandon coin.
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So Def Ford thought to himself, well, this
seems like a great investment opportunity.
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How can it go sideways?
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So he puts his money into it, right?
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Well then everybody else, according to his
lawsuit sells theirs.
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All these prominent figures who had been hyping
it up, sell, which drives the price way, way,
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way down, leaving people, still holding it
with massive losses.
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That is what a pump and dump scheme is.
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And yes, a pump and dump scheme is illegal.
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And the way they work these days is usually
it is media personalities, podcasters people
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with big social media, followings that hype
something up.
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They've already bought into it.
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When it was at a lower price, hype it up,
people start buying price goes up, they sell
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everything plummets.
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They walk away with lots of money.
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Everybody else walks away with massive losses
now onto Candace Owens, right?
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Because part of the pump and dump is the people
who pumped.
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It made a lot of money off it.
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Right?
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Well, Candace Owens has a full proof defense.
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I will give her that of how she could not
be guilty of a pump and dump.
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And it's because as she says, when she lost
money on it.
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So I think it's kind of funny that the best
defense is that <laugh> I can't be part of
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the scheme because even I lost money on it,
loser <laugh> oh man, dang it.
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Eh, well, you know what they say, a fool in
their money or soon part.
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And let's be honest.
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Canice Owen has plenty of money.
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She's not hurting.
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She's gonna be just fine.
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And legally speaking, that is actually a very
good defense.
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If you are accused of a pump and dump, you
should be able to show these massive profits.
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You dumped it.
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And if she does indeed have losses from it,
you can't really be guilty of a pump and dump.
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And again, the pump and dump scheme that they're
being accused of would technically be illegal.
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But at the same time, what did you think was
gonna happen?
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Mr. De Ford?
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Right?
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We've got new little cryptocurrencies popping
up all the time.
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I mean the bubble is not what it was just
a couple years ago.
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Things aren't so great in crypto land right
now, if you're investing in some of these
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smaller weirder, more obscure, and of course
these politically motivated cryptocurrencies
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what'd you think was gonna happen.
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I mean, come on, shouldn't a little bit of
this be buyer or be way, or you know, what,
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what happened in the party of personal responsibility,
right?
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Isn't that what the Republicans are all about
and here they are, or at least this guy puts
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his money in something cuz these right wing
podcasters say, Hey, this is the thing to
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do.
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Like you have to have a little bit of personal
responsibility.
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Candace Owens is not a financial advisor.
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Okay.
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David Harris Jr.
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The other person named in the lawsuit.
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One of the others, not a financial advisor
as far as I know.
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So why are you taking financial advice from
them?
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You know, I think a little bit of personal
responsibility here would go a long way in
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Mr. Def Ford's case next you wanna invest
your money?
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Go talk to somebody who knows what the hell
they're talking about.
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Not some Yahoo that you saw on
the internet.
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