The corruption is right out in the open. Popular Information reports:
On November 25,Chinese Crypto entrepreneur Justin Sun purchased $30 million in crypto tokens from World Liberty Financial, a new crypto venture backed by President-elect Donald Trump. Sun said his company, TRON, was committed to “making America great again.”
World Liberty Financial planned to sell $300 million worth of crypto tokens, known as WLF, which would value the new company at $1.5 billion. But, before Sun’s $30 million purchase, it appeared to be a bust, with only $22 million in tokens sold. Sun now owns more than 55% of purchased tokens.
Sun’s decision to buy $30 million in WLF tokens has direct and immediate financial benefits for Trump. A filing by the company in October revealed that “$30 million of initial net protocol revenues” will be “held in a reserve… to cover operating expenses, indemnities, and obligations.” After the reserve is met, a company owned by Donald Trump, DT Marks DEFI LLC, will receive “75% of the net protocol revenues.”
So before Sun’s purchase, Trump was entitled to nothing because the reserve had not been met. But Sun’s purchase covered the entire reserve, so now Trump is entitled to 75% of the revenues from all other tokens purchased. As of December 1, there have been $24 million WLF tokens sold, netting Trump $18 million.
$18 million as a straight up gift from a crypto billionaire who has already been charged by the SEC with violating the Securities act. Sun’s tokens are worthless to him — well, except as bribes to the soon to be most powerful man in the world.
And nobody gives a damn. None of the major papers have written major stories about this graft (well, they don’t have a lot of resources to devote to it with all the reporters covering the Biden pardon scandal so…)
As Popular Info reports in this story that represents a shocking double standard:
In the leadup to the 2016 election, there was extensive coverage from every major media outlet concerning how foreign donations to the Clinton Foundation created conflicts of interest for Democratic candidate Hillary Clinton. This was a legitimate subject of journalistic inquiry but differed in several respects from Sun’s enrichment of Trump:
1. Nearly all of the payments to the Clinton Foundation at issue occurred when Clinton was not in public office. Most of the coverage centered around donations made after Clinton left the State Department and before she launched her presidential campaign.
2. The foreign money was donated to benefit the Clinton Foundation, a charity, and not Clinton personally. The money did not go into Clinton’s bank account, but to the foundation’s charitable activities.
3. The Clinton Foundation disclosed its donors, even though it was not required.
4. Clinton had not been elected president.
An analysis by Popular Information reveals that between January 1, 2015, and November 8, 2016 (Election Day), the New York Times published 79 pieces that were about or referenced foreign donations to the Clinton Foundation. That is nearly one story a week for 22 months.
In a February 20, 2015, column by the New York Times Editorial Board — before Clinton had formally announced her candidacy — the paper emphasized why even an indirect connection between a presidential candidate and foreign dollars was deeply problematic:
Foreign nationals are banned by law from contributing to American politicians’ campaign coffers. This ban does not apply to private foundations, but the idea behind it — that influence should not be bought — is relevant to a political campaign, where appearances can count for much.
…Substantial overlap was found between foundation contributors and familiar Clinton campaign donors and money bundlers. Considering the Clintons’ popularity and influence in their party, this is no surprise. But it does make it important that Mrs. Clinton, in defending the family’s efforts on behalf of the world’s needy, reassure the public that the foundation will not become a vehicle for insiders’ favoritism, should she run for and win the White House.
After Clinton declared her candidacy in April 2015, the Clinton Foundation reimposed restrictions on foreign donations, increased the frequency of its voluntary disclosures, and announced it would stop holding events overseas. The New York Times noted that “questions about the donations have created weeks of negative headlines for Mrs. Clinton leading up to her campaign rollout.”
About this time the Times made a deal with Steve Bannon associate Peter Schweizer to coollaborate on this story, much of which was based upon Schweizer’s bogus “expose” called “Clinton Cash.” The stories and editorials were endless, month after month. It was the lowest point in NY Times history since Judith Miller’s WMD stories in the run-up to the Iraq war.
“The foundation’s ties to foreign governments and financiers have long been fodder for Mrs. Clinton’s critics — chief among them Donald J. Trump — who contend that foreigners used donations to the foundation to curry favor with the Clintons while Mrs. Clinton was the country’s top diplomat,” the New York Times reported on October 15, 2016. That story was about a hacked email revealing that the Qatari government, who donated to the Clinton Foundation, requested to meet with Clinton. The email was treated as a potential scandal even though there was no evidence such a meeting ever occurred.
The New York Times’ approach to foreign donations to the Clinton Foundation was not unique. A review of Washington Post coverage over the same time period reveals dozens of similar articles. The Washington Post, for example, highlighted the pledge to stop accepting foreign donations if Clinton won the election meant “donors could race to give money before the deadline — but in time to curry favor with a Democratic nominee who is leading in the polls.”
The Washington Post finally filed a story about the crypto gift yesterday. Nobody else has bothered to note that Trump is putting those millions of dollars directly into his personal coffers from a foreign player since the election.
Oh, and by the way, the top officers in “World Liberty Financial” happen to be Don Jr and Eric. Good thing they aren’t members of the Biden Crime Family or there would be hell to pay.
Clinton rules vs Trump rules vs Biden rules.