Binance Pardon is Textbook Corruption

ClemsonCO14

Senior
Dec 11, 2016
352
951
87
Textbook corruption. Found guilty by a jury of our peers for facilitating money laundering by the likes of Hamas, Iran, and drug traffickers, Binance’s CEO was pardoned after facilitating $2.0B in payments through + building the back-end in Trump’s crypto venture.

Justice isn’t the only thing for sale by the Republican Party - our National interests are for sale.

 

dpic73

Heisman
Jul 27, 2005
29,546
21,832
113
Textbook corruption. Found guilty by a jury of our peers for facilitating money laundering by the likes of Hamas, Iran, and drug traffickers, Binance’s CEO was pardoned after facilitating $2.0B in payments through + building the back-end in Trump’s crypto venture.

Justice isn’t the only thing for sale by the Republican Party - our National interests are for sale.

And only one week later, he's already promoting Trump's stablecoin. SIAP but your article is behind a paywall.

 

ClemsonCO14

Senior
Dec 11, 2016
352
951
87
So kind of Trump to forego his salary in exchange for billions. Remember when presidents like Carter addressed any potential conflicts of interest versus creating them (crypto, social media company, foreign golf course deals)?

MAGA is pro corruption.

 

scotchtiger

Heisman
Dec 15, 2005
134,632
22,270
113
You voted for Kamala, the dumbest and most inept presidential candidate in US History, oh superior one.

Doesn’t change the fact that what Trump is doing with stuff like this certainly seems to be next-level self-serving corruption. We can agree on that and also agree that Kamala is the worst presidential candidate in my lifetime.
 
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bdgan

All-Conference
Oct 12, 2021
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Textbook corruption. Found guilty by a jury of our peers for facilitating money laundering by the likes of Hamas, Iran, and drug traffickers, Binance’s CEO was pardoned after facilitating $2.0B in payments through + building the back-end in Trump’s crypto venture.

Justice isn’t the only thing for sale by the Republican Party - our National interests are for sale.

Trump gave a poor answer to Nora ODonnell when she asked why he pardoned CZ. I don't know much about this whole thing but here are my thoughts after reading about it:
  • I struggle with the idea that presidents can pardon people who have been legally found guilty of a crime and sentenced.
  • From what I've read CZ was found guilty of failing to monitor and report suspicious transactions including those of foreign adversaries like Iran and Hamas. He was personally fined $50 million and he served a 4 month prison sentence. Trump's pardon didn't get him out of prison and I'm not aware that he is able to recover his fine. Binance took a multi $billion hit.
  • Trump advisors claimed that Biden pursued an egregious oversentencing and was “very hostile to the cryptocurrency industry. I suspect that's a matter of opinion.
  • I'm not sure where Trump sold out our national interests for personal gain. Has he been overly kind to Iran or Hamas? He could have worked with any number of outfits to create World Liberty Financial / USD1. USD1 has lost 10% of it's value since it began trading.
 

MTTiger19

All-American
Sep 10, 2008
5,579
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Doesn’t change the fact that what Trump is going with stuff like this certainly seems to be next-level self-serving corruption. We can agree on that and also agree that Kamala is the worst presidential candidate in my lifetime.
Certainly seems to be some manipulation going on in the markets. Crypto is crazy, rumors flying around about Barron, etc. I love Trump, but not a huge fan of this kinda stuff. I understand his desire to do these things, especially with how he was treated but if we keep doing this we all are gonna end up hurt imo.
 

fatpiggy

Heisman
Aug 18, 2002
23,949
22,455
113
Certainly seems to be some manipulation going on in the markets. Crypto is crazy, rumors flying around about Barron, etc. I love Trump, but not a huge fan of this kinda stuff. I understand his desire to do these things, especially with how he was treated but if we keep doing this we all are gonna end up hurt imo.
Let us know when the rumors are substantiated. There were rumors of Russian Collusion for years. And we all know it was made up out of thin air by democrats.

Let’s see some receipts, not written by 51 intelligence agents, before we jump to conclusions.

If it is proven that Barron is making YUGE crypto trades and manipulating markets that’s a huge problem.

Sorry if my BS radar is going off. Intellectually superior democrats have fallen for much dumber accusations.
 

fatpiggy

Heisman
Aug 18, 2002
23,949
22,455
113
So what does that have to do with anything??
The same people falling for these types story are the same intellectually superior people who fell for Russian Collusion and other hoaxes perpetuated against Trump during his first term. And there were many.

These same intellectually superior people have now sniffed out the next big scam.

All while they fell for voting for the worst candidate in US history. These same people scream “threat to democracy” while they haven’t had a legitimate primary in over a decade.

So pardon me if I don’t believe these intellectually superior people.

Post some actual receipts. Post us the 10% for the big guy and then I’ll start to be concerned.

Until then they are just crying wolf.
 

bdgan

All-Conference
Oct 12, 2021
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Doesn’t change the fact that what Trump is doing with stuff like this certainly seems to be next-level self-serving corruption. We can agree on that and also agree that Kamala is the worst presidential candidate in my lifetime.
Where's the corruption?

Did Trump do favors for Iran or Hamas so they could do business on crypto exchanges?
Didn't CZ serve his entire 4 month prison sentence and pay a $50 million fine?

Trump is pro crypto and he used executive orders to reverse crypto regulations that Biden imposed by using executive orders. Biden wanted central bank control of digital assets while Trump wants to allow regulated private sector development. I don't have a strong opinion on this but I think it's wrong to immediately claim corruption. For the record crypto currencies were up more than 600% under Biden and up about 10% under Trump.
 
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bdgan

All-Conference
Oct 12, 2021
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Textbook corruption. Found guilty by a jury of our peers for facilitating money laundering by the likes of Hamas, Iran, and drug traffickers, Binance’s CEO was pardoned after facilitating $2.0B in payments through + building the back-end in Trump’s crypto venture.

Justice isn’t the only thing for sale by the Republican Party - our National interests are for sale.

CZ already paid a $50 million fine and served his full 4 month prison sentence. What good did the pardon do him? Does it allow him to get cack into crypto?
 
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PawPride

Heisman
Nov 28, 2004
53,133
10,412
113
CZ already paid a $50 million fine and served his full 4 month prison sentence. What good did the pardon do him? Does it allow him to get cack into crypto?
Yes, the pardon wipes out the anti-money laundering and sanctions violations from his record, and can allow Binance to open back up in the US.
 

bdgan

All-Conference
Oct 12, 2021
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Yes, the pardon wipes out the anti-money laundering and sanctions violations from his record, and can allow Binance to open back up in the US.
I understand that CZ's violations are wiped from his personal record but I don't see how this alters any government restrictions imposed on Binance.
 

UrHuckleberry

Heisman
Jun 2, 2024
9,409
19,247
113
I understand that CZ's violations are wiped from his personal record but I don't see how this alters any government restrictions imposed on Binance.

That already happened. They invested in his family coin and the SEC dropped their investigation.
 
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PawPride

Heisman
Nov 28, 2004
53,133
10,412
113
I understand that CZ's violations are wiped from his personal record but I don't see how this alters any government restrictions imposed on Binance.
I think the theory is that with the pardon being issued to CZ, the DOJ will likely lift their ban on allowing Binance to operate in the US. No idea if it's going to happen, but I wouldn't be shocked considering the Trump family's involvement with crypto.
 

TigerRagRob

Heisman
Sep 23, 2001
22,755
13,805
113
I am all for rooting out actual corruption from all of government.

I am also weary of the lying, fabricating democrats.

They will sell their soul to make up stuff out of thin air to stop / slow Trump and that’s a fact.
Yep they do a whole lot of projections. Trump wants Nancy investigated for her insider trading then this drops...
 

fatpiggy

Heisman
Aug 18, 2002
23,949
22,455
113
I have no problem with Trumps family being involved in crypto. They tried to debank him, what do you expect?

I was also debanked from TD Bank. Account was closed with no explanation given at all. Part of the reason on why i am a big BTC fan.

Crypto serves it's purpose. If they hadn't tried to debank Trump, then it's likely he would not support it so strongly.
 

TigerRagRob

Heisman
Sep 23, 2001
22,755
13,805
113
Let us know when the rumors are substantiated. There were rumors of Russian Collusion for years. And we all know it was made up out of thin air by democrats.

Let’s see some receipts, not written by 51 intelligence agents, before we jump to conclusions.

If it is proven that Barron is making YUGE crypto trades and manipulating markets that’s a huge problem.

Sorry if my BS radar is going off. Intellectually superior democrats have fallen for much dumber accusations.
They got him this time for sure right?
 
Sep 1, 2022
225
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George Floyd threatened a pregnant woman with a gun and was out running around when he ODed. His OD death which occurred during an incident of probable excessive force turned this country upside down for months, saw a cop overcharged, railroaded, riots and led to political overreach.

Bernie Maddoff spent the rest of his life in prison for selling a Ponzi scheme to the ultra rich. Meanwhile the US gov forces every American into the Ponzi scheme called SS.

A lot of Trumps commutations and pardons have been for white collar crimes. I have no problem with it. Violent criminals need the decades long sentences not white collar criminals.

System is backwards. Maddoff would have been better making financial restitution by making big bucks for Uncle Sam instead of license plates. Dock him every year on top of his taxes with fines. Assign IRS and FBI agents to him to make sure he is lawfully making the money and pay their salaries out of his income.

Floyd should have been in prison serving decades instead of on the street when he died.

Fix that crap and I might care about Trump and his white collar pardons. Crypto might better serve society if a smart guy is out there helping it along. Floyd was a blight who was never going to benefit society in anyway. In fact his detritus is still adversely affecting us today as the thug is a hero, martyr of the left.
 
Sep 1, 2022
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I have no problem with Trumps family being involved in crypto. They tried to debank him, what do you expect?

I was also debanked from TD Bank. Account was closed with no explanation given at all. Part of the reason on why i am a big BTC fan.

Crypto serves it's purpose. If they hadn't tried to debank Trump, then it's likely he would not support it so strongly.
Needs to be a law that a bank cant debank you unless you are engaged in illegal activity.
 

ClemsonCO14

Senior
Dec 11, 2016
352
951
87
I have no problem with Trumps family being involved in crypto. They tried to debank him, what do you expect?

I was also debanked from TD Bank. Account was closed with no explanation given at all. Part of the reason on why i am a big BTC fan.

Crypto serves it's purpose. If they hadn't tried to debank Trump, then it's likely he would not support it so strongly.
You don’t mind foreign governments funneling billions of payments through a Trump-backed crypto scheme?

Asked differently, you’re fine if a Democratic president generates 9-10 figure earnings through foreign transaction activity?

 

bdgan

All-Conference
Oct 12, 2021
4,221
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That already happened. They invested in his family coin and the SEC dropped their investigation.
It's a leap to make that connection. What actually happened is that Abu Dhabi fund MGX invested in Binance using USD1 stablecoins as payment.
 

fatpiggy

Heisman
Aug 18, 2002
23,949
22,455
113
You don’t mind foreign governments funneling billions of payments through a Trump-backed crypto scheme?

Asked differently, you’re fine if a Democratic president generates 9-10 figure earnings through foreign transaction activity?


You voted for Kamala.Harris oh superior one. Lol
 

ClemsonCO14

Senior
Dec 11, 2016
352
951
87
It's a leap to make that connection. What actually happened is that Abu Dhabi fund MGX invested in Binance using USD1 stablecoins as payment.
Again, it doesn’t bother you that a foreign government funneled several billion of transaction volume through a Trump-backed crypto venture that generated millions in revenue? As the article outlines, using USD1 was a material risk and would not be executed under traditional investment parameters.

@fatpiggy - thank you for continuously demonstrating you’re too dumb to engage in anything that comes close to resembling an intelligent conversation. I’m sorry the few times you tried on here ruined your confidence, but at least you gave us some laughs!
 

fatpiggy

Heisman
Aug 18, 2002
23,949
22,455
113
Again, it doesn’t bother you that a foreign government funneled several billion of transaction volume through a Trump-backed crypto venture that generated millions in revenue? As the article outlines, using USD1 was a material risk and would not be executed under traditional investment parameters.

@fatpiggy - thank you for continuously demonstrating you’re too dumb to engage in anything that comes close to resembling an intelligent conversation. I’m sorry the few times you tried on here ruined your confidence, but at least you gave us some laughs!
Kamala.Harris.

You will forever hear that Cackle and have to think to your superior self that you got duped into voting ..... errrr ..... supporting her.

Superior people do not get duped into voting, err supporting, the dumbest candidate in US political history.
 

UrHuckleberry

Heisman
Jun 2, 2024
9,409
19,247
113
Kamala.Harris.

You will forever hear that Cackle and have to think to your superior self that you got duped into voting ..... errrr ..... supporting her.

Superior people do not get duped into voting, err supporting, the dumbest candidate in US political history.
Serious question, do you think Trump could pass the bar?
 

UrHuckleberry

Heisman
Jun 2, 2024
9,409
19,247
113
Exactly. I didn't love Harris as a candidate, but this constant bashing her as the dumbest candidate is just stupid.

She passed the Bar exam. She isn't dumb.
Yeah, she wasn't a good candidate, no arguments here, but he's gonna do him. It just amazes me someone that listens to Donald Trump on a regular basis could call someone dumb.
 

bdgan

All-Conference
Oct 12, 2021
4,221
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Again, it doesn’t bother you that a foreign government funneled several billion of transaction volume through a Trump-backed crypto venture that generated millions in revenue? As the article outlines, using USD1 was a material risk and would not be executed under traditional investment parameters.
I was pretty clear that I didn't like Trump's response to the CZ pardon and I'm not overly excited about anything that gives even a slight appearance of conflict of interest. I'm just not quick to claim that Trump is selling out the country for his own financial gain. I've been hearing that ever since a he was elected. Putin owns him, He sold out America to Iran, a government employee stayed at a Trump property which is proof that he puts his own profit over the country. People who contributed to the ballroom now own the country. It just gets a little old.
 

yoshi121374

Heisman
Jan 26, 2006
12,874
21,882
113
I was pretty clear that I didn't like Trump's response to the CZ pardon and I'm not overly excited about anything that gives even a slight appearance of conflict of interest. I'm just not quick to claim that Trump is selling out the country for his own financial gain. I've been hearing that ever since a he was elected. Putin owns him, He sold out America to Iran, a government employee stayed at a Trump property which is proof that he puts his own profit over the country. People who contributed to the ballroom now own the country. It just gets a little old.

Maybe it's constantly said because he constantly does it?

We've never had a president selling goods privately while he's a president. He certainly hasn't divested himself from his businesses as was traditional for a president.
 

bdgan

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Oct 12, 2021
4,221
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Maybe it's constantly said because he constantly does it?

We've never had a president selling goods privately while he's a president. He certainly hasn't divested himself from his businesses as was traditional for a president.
We've seldom had a president who owned large a large business. Most have come from the military and more recently they've been lawyers/politicians.

Exactly what would Clinton, Obama, or Biden divest?
 

baltimorened

All-Conference
May 29, 2001
5,444
3,954
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Again, it doesn’t bother you that a foreign government funneled several billion of transaction volume through a Trump-backed crypto venture that generated millions in revenue? As the article outlines, using USD1 was a material risk and would not be executed under traditional investment parameters.

@fatpiggy - thank you for continuously demonstrating you’re too dumb to engage in anything that comes close to resembling an intelligent conversation. I’m sorry the few times you tried on here ruined your confidence, but at least you gave us some laughs!
here's my problem with your whole line of thought....and I know nothing about crypto, the trump family involvement, and foreign governments investing...But I do know this, you and folks like dpic, tboone, valley and a couple of others are so against trump on every single issue that bringing up another just goes right into my BFD folder. Now, you might be 100% right on your thoughts, but if the past is any indicator of the present, if Trump were doing something even on the edge of impropriety, democrats would be filing suits, referring complaints to DoJ and clamoring for trump's head. It's like the little boy who cried wolf. After a while you get bored/tired of it

Agreed that pardoning this guy doesn't look good, but as Bdgan pointed out he did his time and paid a fine. That's better than some of the undocumented migrant /criminals/ murderers have done and we release them time after time.
 

baltimorened

All-Conference
May 29, 2001
5,444
3,954
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Serious question, do you think Trump could pass the bar?
my younger brother passed the bar, first time. The only thing I took away from that is that the bar exam must not be too hard. But, no, I doubt trump would pass the bar. For him, good thing that wasn't a requirement for the presidency. IMO we'd be a lot better off if we had a few engineers and economists in the house and Senate a few less lawyers
 

fatpiggy

Heisman
Aug 18, 2002
23,949
22,455
113
Serious question, do you think Trump could pass the bar?
Do you think Kamala could pass the bar today? I don’t.

if she is smart she has no ability to communicate that to other people.

Do you think she ran a good campaign? Do you think she is a good communicator? Do you think she is effective at thinking on her feet through complex problems?

If she has any of those skills she did not demonstrate any of those while in office or on the campaign trail. In fact it was quite the opposite. She fumbled her way through the most softball questions. She faltered in strategy. She is a failed communicator.

Simple question for you, would you be ok with her being at the top of the ticket next Presidential election?

And Yes, given the chance to study Trump would pass the bar.
 
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LafayetteBear

All-American
Nov 30, 2009
33,383
8,571
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Sorry if my BS radar is going off. Intellectually superior democrats have fallen for much dumber accusations.
Your posts make for very amusing entertainment. Trump corrupt? Heaven forfend! No chance of that!

That rumor about Trump soliciting the Kuwaitis to give him (not the U.S. government) a billion dollar airplane? Fake news!

That report about Trump demanding the DOJ pay him a cool $230,000,000? Absolutely false!

Trump would NEVER do anything like that. Right, my porcine friend?
 

fatpiggy

Heisman
Aug 18, 2002
23,949
22,455
113
Yeah, she wasn't a good candidate, no arguments here, but he's gonna do him. It just amazes me someone that listens to Donald Trump on a regular basis could call someone dumb.
Trump is an effective communicator, regularly thinks outside the box, has charisma, and has the ability to express his opinions in a manner that others can understand.

Dislike him, that is fine. But to call him dumb is not a fair critique. He isn’t scientist level smart, but he is light years ahead of Kammy. She is just not a smart individual.