By William Janes ( September 23, 2025, 2:12 PM BST) — Five people have been arrested on suspicion of carrying out a €100 million ($118 million) cryptocurrency fraud in a joint international operation by law enforcement agencies across Europe, a European Union law authority said Tuesday….
Crypto
Rep. Madison Cawthorn discloses 2021 ‘Let’s Go Brandon’ cryptocurrency purchase days after ethics probe announced
Newly elected U.S. Rep Madison Cawthorn (R-NC) speaks as supporters of U.S. President Donald Trump collect by the White Home forward of Trump’s speech to contest the certification by the U.S. Congress of the outcomes of the 2020 U.S. presidential election in Washington, U.S, January 6, 2021.
Jim Bourg | Reuters
Rep. Madison Cawthorn on Friday belatedly disclosed suspected cryptocurrency transactions that earlier this month led the Home Ethics Committee to open an investigation into the North Carolina Republican’s doable promotion of an asset he secretly owned.
Cawthorn, 26, revealed Friday that he purchased between $100,000 and $250,000 value of “Let’s Go Brandon” cryptocurrency on Dec. 21. The transaction got here eight days earlier than he wrote a Dec. 29 Instagram publish that stated, “Tomorrow we go to the moon,” in response to a photograph of him posing with co-founders of the coin.
A day later, the greenback worth of that crypto — which is called after a derogatory phrase about President Joe Biden — soared 75% on information of its sponsorship cope with a NASCAR driver.
The identical submitting Friday disclosed that the first-term congressman offered between $100,000 and $250,000 of the “Let’s Go Brandon” coin on Dec. 31.
That sale doubtlessly recouped at the very least what he had paid for the digital foreign money earlier than its greenback value exploded.
The worth of the Let’s Go Brandon coin collapsed in early January after NASCAR rejected its sponsorship cope with the driving force Brandon Brown.
Cawthorn’s disclosure of the transactions got here 4 days after the Home Ethics Committee introduced it was investigating the North Carolina Republican over his Instagram remark concerning the “Let’s Go Brandon” coin.
In the identical Home monetary disclosure type submitting Friday, Cawthorn additionally belatedly revealed that he had purchased between $1,000 and $15,000 value of Ethereum cryptocurrency on Dec. 27, and between $1,000 and $250,000 of Ethereum on Dec. 31.
Underneath the federal STOCK Act, members of Congress are legally required to file disclosures of the acquisition and sale of shares, bonds, commodity futures and different securities inside 45 days of the transactions.
Cawthorn’s disclosure Friday got here 5 months after the transactions he detailed. It additionally got here almost two weeks after he narrowly misplaced a GOP main, denying him the social gathering’s nomination for a second time period in workplace.
A spokesman for Cawthorn didn’t instantly reply to a request for remark from CNBC.
Sen. Thom Tillis, R-N.C., in late April known as for the ethics probe to research Cawthorn for doable insider buying and selling associated to cryptocurrency after The Washington Examiner reported the congressman could have damaged legal guidelines barring buyers from profiting on nonpublic data.
Cawthorn angered fellow Republicans in Congress earlier this yr by claiming older colleagues invited him to orgies and used cocaine in entrance of him.
On Monday after the Home Ethics Committee introduced that it approved an investigation on Might 11, Cawthorn’s chief of workers, Blake Harp, stated, “We welcome the chance to show that Congressman Cawthorn dedicated no wrongdoing and that he was falsely accused by partisan adversaries for political acquire.”
“Our workplace is not deterred within the slightest from finishing the job the patriots of Western North Carolina despatched us to Washington to perform,” Harp added.
Cawthorn later tweeted Monday: “Wow — I need to nonetheless be an issue for the swamp! They’re nonetheless coming after me!”
Along with the cryptocurrency remark, Cawthown is being investigated over questions on whether or not he had an “improper relationship” with an individual employed on his congressional workers, the panel stated.
A groundbreaking transatlantic initiative is fueling institutional blockchain adoption, spotlighting stablecoins, tokenized assets, regulatory alignment, and cross-border finance, with Ripple positioned to shape global standards and accelerate digital growth.
GRANT, Minn. (FOX 9) – A Washington County family was reportedly kidnapped and held hostage at gunpoint for hours by two Texas brothers who ultimately took more than $72,000 in cryptocurrency.
Raymond Christian Garcia, 23, and Isiah Angelo Garcia, 24, were each charged via warrant with three counts of kidnapping, three counts of first-degree burglary, and one count of first-degree aggravated robbery for their alleged roles.
The incident led to the Washington County Sheriff’s Office issued a shelter in place order while they searched for the suspects. The incident ultimately led to the cancellation of a high school homecoming football game in Mahtomedi.
Home invasion and cryptocurrency theft
The backstory:
According to the criminal complaint, a 911 call was received at approximately 4:45 p.m. on Sept. 19 from someone in Grant, Minnesota, stating that he and his family had been kidnapped and were being held hostage at gunpoint in their home.
The complaint details that on Sept. 19, a man was taking out the garbage at around 7:45 a.m. when the armed brothers allegedly forced him back into the garage and bound his hands with zip ties. The men then woke up the two other people in the house, also binding them.
Raymond Garcia is accused of holding the 911 caller and his mother hostage for nine hours while armed with an AR-15-style rifle. Police said the upstairs bedroom door was tied shut with wire and needed to be cut in order to free them, according to the complaint.
Meanwhile, Isiah Garcia, armed with a shotgun, allegedly forced the man to log into his cryptocurrency wallet and transfer over $36,000 to an unknown account, charges state. After learning of a separate crypto wallet kept at the family cabin in Jacobson, Minnesota, Isiah Garcia allegedly forced the man to drive three hours and transfer the additional cryptocurrency, valued at over $36,000.
According to the complaint, the victim believed some of his crypto account information had been leaked during a data breach. The charges note that the men were frequently on the phone with an “unknown third party who directed [them] to transfer the cryptocurrency.”
The victim inside the house called 911, and multiple squad cars passed Isiah Garcia as they were driving back from the cabin. Isiah Garcia then turned the truck around, parked, and fled on foot before discarding the shotgun in a nearby field, charges allege.
Raymond Garcia was seen on camera running out the back door of the home. During a search of the area, authorities recovered an AR-15 rifle in a suitcase located in the tree line behind the home, charges said.
Brothers arrested in Texas
The investigation:
According to the complaint, Isiah Garcia rented a car near Houston, Texas, on Sept. 16 and drove to Minnesota. The vehicle’s GPS data placed the car near the victim’s home and a motel in Roseville. On Sept. 21, Isiah Garcia was taken into custody while driving the same rental car in Texas.
Raymond Garcia went to authorities on Sept. 22 to report that his AR-15 had been stolen in Waller, Texas. During a search of the brother’s home in the Waller area, authorities reportedly found a firearm box with a serial number matching the AR-15 recovered in Minnesota.
At the time the criminal complaints were filed, both men were in custody in Texas.
The Source: This story uses previous FOX 9 reporting and information from a Washington County criminal complaint.
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.
Wyoming3 days ago
Special Olympics Wyoming seeking volunteers for state fall tournament
Crypto4 days ago
Ripple Highlights Transatlantic Initiative as Blueprint for Global Crypto Regulation
Finance5 days ago
Dividend Stability and Regional Strength: The Case for Truist Financial (TFC)
Fitness6 days ago
Donald Trump Fitness: Can His Golf Workouts Replace the Gym? Explore Trump’s Golf Exercise Routine and Health Benefits
Movie Reviews1 week ago
They Call Him OG Movie Review: Action-packed yet narratively uneven gangster drama
Videos2 years ago
Why Marjorie Taylor Greene was ‘kicked out’ of the Freedom Caucus according to Rep. Buck
Colorado3 years ago
Colorado Rockies game no. 116 thread: Zac Gallen vs José Ureña
Midwest3 years ago
See it: Tesla crashes into Columbus convention center at 70 mph
South3 years ago
Fox News Politics: Georgia the whole day through
South3 years ago
Death of missing Oregon girl found in stream ruled homicide
News1 week ago
Read the Letter to the Inspectors General
Politics1 week ago
GOP senator blasts Schumer, Dems as 'forcing' shutdown while demanding price tag report
World1 week ago
Palestine as a state – what would that actually look like?
News1 week ago
Farage refuses to criticise Trump over paracetamol despite health experts dismissing autism claims
Politics2 weeks ago
House plans Thursday vote on government funding bill to extend spending through November
-
Finance1 week agoReimagining Finance: Derek Kudsee on Coda’s AI-Powered Future
-
World1 week agoSyria’s new president takes center stage at UNGA as concerns linger over terrorist past
-
Technology1 week agoThese earbuds include a tiny wired microphone you can hold
-
North Dakota1 week agoBoard approves Brent Sanford as new ‘commissioner’ of North Dakota University System
-
Culture1 week agoTest Your Memory of These Classic Books for Young Readers
-
Crypto1 week ago
Texas brothers charged in cryptocurrency kidnapping, robbery in MN
-
Crypto1 week ago
EU Enforcers Arrest 5 Over €100M Cryptocurrency Scam – Law360
-
Rhode Island1 week agoThe Ocean State’s Bond With Robert Redford