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Trump family gets 75% of crypto coin revenue, has no liability, new document reveals (www.cnbc.com)

submitted 3 weeks ago by vegeta@lemmy.world to c/technology@lemmy.world

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[–] calabast@lemm.ee 73 points 3 weeks ago (1 children)

*Obvious money laundering is money laundering (and also a scam).

[–] sugar_in_your_tea@sh.itjust.works 23 points 3 weeks ago

Not sure I'd call it money laundering, it's all being done in the clear.

But it's certainly a scam:

The paper released Thursday shows that Trump and his family assume no liability. It indicates that none of them are directors, employees, managers or operators of WLF or its affiliates, and said the project and the tokens “are not political and have no affiliation with any political campaign.”

There's a strong implication that launching this during his campaign means it's tied to the campaign, but it's really not.