Investors in a cryptocurrency dubbed $MELANIA, which was promoted by former First Lady Melania Trump, have filed a revised lawsuit against the coin's makers, Benjamin Chow and Hayden Davis, alleging they were duped through a pump-and-dump scheme.
In the original April filing, the investors claimed that Chow and Davis led them into buying the cryptocurrency, only to see its value plummet. The revised complaint adds more details, including an anonymous whistleblower who came forward with allegations that Trump's involvement was used as "window dressing" for a larger scam.
The plaintiffs claim that $MELANIA and other cryptocurrencies promoted by Chow and Davis were misrepresented, causing millions of dollars in losses for investors. Melania Trump is not named as a defendant in the lawsuit and is not accused of any wrongdoing. However, her association with the cryptocurrency has raised eyebrows, particularly given her endorsement of it on social media.
In 2022, congressional Democrats criticized Trump's promotion of $MELANIA, accusing his son Donald Jr. of using their mother's image to bilk investors. The first lady's role in hyping the meme coin from her official position as First Lady has been called into question, with some arguing that it crossed an ethics boundary.
The case highlights a perceived double standard when it comes to former First Ladies and cryptocurrency investments. If other former First Ladies were involved in similar allegations, they would likely face intense media scrutiny. However, Melania Trump's involvement seems to have received relatively little attention.
In the original April filing, the investors claimed that Chow and Davis led them into buying the cryptocurrency, only to see its value plummet. The revised complaint adds more details, including an anonymous whistleblower who came forward with allegations that Trump's involvement was used as "window dressing" for a larger scam.
The plaintiffs claim that $MELANIA and other cryptocurrencies promoted by Chow and Davis were misrepresented, causing millions of dollars in losses for investors. Melania Trump is not named as a defendant in the lawsuit and is not accused of any wrongdoing. However, her association with the cryptocurrency has raised eyebrows, particularly given her endorsement of it on social media.
In 2022, congressional Democrats criticized Trump's promotion of $MELANIA, accusing his son Donald Jr. of using their mother's image to bilk investors. The first lady's role in hyping the meme coin from her official position as First Lady has been called into question, with some arguing that it crossed an ethics boundary.
The case highlights a perceived double standard when it comes to former First Ladies and cryptocurrency investments. If other former First Ladies were involved in similar allegations, they would likely face intense media scrutiny. However, Melania Trump's involvement seems to have received relatively little attention.
And poor Benjamin Chow and Hayden Davis, they're getting roasted by investors left and right. It's like, okay guys, we get it, you made a mistake, but do you have to take out your frustrations on each other?
It's like she's trying to be the "cool mom" of crypto or something. But for real though, if other former First Ladies were involved in similar dealings, you can bet they'd be under a microscope 24/7.
It's just so frustrating when we see these double standards pop up in our news feed.
. I mean, come on, if it sounds too good to be true, it probably is. And now this lawsuit is coming out, with some anonymous whistleblower spilling the tea about Melania's role in all this? Yeah, I'm surprised she didn't get more heat from Congress back in 2022. It's like, yeah, using your social media platforms to promote a coin that you're clearly getting paid for... it's just shady business practices 
. But, you know, I guess if other First Ladies were involved, they'd be getting roasted left and right on Twitter 
. This whole thing is kinda weird, though - like, what even is the deal with pump-and-dump schemes? How do people not see through that stuff?
It's all about who you know and who's connected to a big name. I mean, if it was any other First Lady, they'd be on the news 24/7, but Melania gets a free pass 
. It's just because she's Trump, you know? The whole thing stinks of a pump-and-dump scheme, and these two guys are getting roasted for it 
. Can we talk about the hypocrisy of some politicians who only care about "ethics" when it suits them? 
. but what really gets me is how this plays into the whole "double standard" thing with Melania Trump... i mean, if other former First Ladies got caught up in something similar, would we be seeing the same level of silence? 
It's like, she didn't even do anything wrong in the lawsuit, you know? She's not being sued or accused of anything... yet 
But at the same time... maybe Melania's involvement is just a case of being in the wrong place at the wrong time, you know? 
I don't know, man... my mind is all over the place about this one 
.
And then these scammers take advantage of people's trust and sell them out! It's just not right, you know?
. I mean, what were these investors thinking? "Hey, let's buy into a meme coin because Melania Trump said so"... yeah right. And now they're going after Chow and Davis like they owe them some free lunch... like that's ever gonna happen. It's all about the benjamins, folks 
. But because it's Melania Trump, suddenly there's silence? It just doesn't add up.