North Carolina

Fellow North Carolina Republican calls for insider trading probe of Rep. Madison Cawthorn’s crypto holdings

Published

3 years ago

April 28, 2022

Fellow North Carolina Republican calls for insider trading probe of Rep. Madison Cawthorn’s crypto holdings

U.S. Consultant Madison Cawthorn speaks throughout a rally hosted by former U.S. President Donald Trump in Selma, North Carolina, U.S. April 9, 2022.

Erin Siegal | Reuters

A Republican senator on Wednesday known as on Congress to analyze his GOP colleague Rep. Madison Cawthorn, of North Carolina, who has come underneath hearth as ethics watchdogs elevate suspicions of potential insider buying and selling over his relationship to an anti-Biden cryptocurrency.

“Insider buying and selling by a member of Congress is a critical betrayal of their oath, and Congressman Cawthorn owes North Carolinians an evidence,” Sen. Thom Tillis, additionally of North Carolina, wrote on Twitter.

“There must be an intensive and bipartisan inquiry into the matter by the Home Ethics Committee,” Tillis tweeted.

Tillis’ tweet ratchets up the already intense stress Cawthorn was going through from inside his personal get together. The 26-year-old freshman lawmaker’s latest feedback and different troubles — together with a quotation Tuesday for bringing a loaded handgun into an airport — have made him a magnet for controversy because the GOP appears to regain majority management of the Home within the midterm elections.

Tillis final month endorsed Cawthorn’s main challenger, and a Tillis-tied tremendous PAC reportedly spent greater than $300,000 on adverts that attacked Cawthorn.

A spokesman for Cawthorn didn’t instantly reply to CNBC’s request for remark. In an Instagram submit Tuesday evening, Cawthorn slammed “Rino senators and institution pawns [who] need us to return to the times earlier than [former President Donald] Trump.”

Tillis known as for the ethics probe after authorities watchdogs instructed the Washington Examiner that Cawthorn could have damaged federal insider buying and selling legal guidelines, which prohibit traders from profiting off nonpublic info.

Cawthorn has publicly boasted about his holdings of Let’s Go Brandon coin, a cryptocurrency which will get its title from a conservative meme mocking President Joe Biden.

James Koutoulas, a lawyer and fund supervisor who’s described in an investor lawsuit because the co-founder of the corporate, posted a photograph on Instagram on Dec. 29 at a celebration with Cawthorn and Erik Norden, one other co-founder of the cryptocurrency.

Cawthorn’s official Instagram account commented on that photograph: “Tomorrow we go to the moon!”

Someday later, on Dec. 30, the racing crew for NASCAR driver Brandon Brown introduced that Let’s Go Brandon coin had been signed because the crew’s main associate for the 2022 season. Koutoulas is quoted within the press launch.

Let’s Go Brandon coin’s worth shot up greater than 75% after the announcement, bringing the entire worth of all of the cash in circulation to greater than $570 million, in accordance with information studies. Days later, NASCAR rejected the sponsorship deal, and by February the coin’s worth had plummeted.

The timeline of occasions suggests to some watchdog teams that Cawthorn could have had nonpublic information of the cope with Brown on the time of the Dec. 29 Instagram submit.

“It definitely raises some eyebrows,” mentioned Jordan Libowitz, spokesman for Residents for Accountability and Ethics in Washington, in a cellphone interview with CNBC.

He mentioned it would not look good for Cawthorn, including that the congressman’s actions might pose moral issues even when they don’t violate the regulation.

“We are inclined to hope that our representatives within the authorities act on a better degree, that even the looks of economic impropriety can generally be as unhealthy because the impropriety itself,” he mentioned. “On the very least, Cawthorn has an optics concern, and on the worst there is a potential authorized concern.”

Koutoulas in a tweet Tuesday evening accused Public Citizen of “libelous scumbaggery directed at” Cawthorn after a lobbyist for the group instructed the Examiner that Cawthorn could have violated insider buying and selling guidelines.

Koutoulas, in a press release to CNBC, known as the Examiner’s report “absurd.”

“It’s not technically or legally potential for a decentralized meme coin that exists to advertise free speech and charitable giving to be categorized or handled as a safety,” he mentioned.

An skilled from the Challenge on Authorities Oversight, nevertheless, instructed the Examiner that even when the cryptocurrency shouldn’t be categorized as a safety, insider buying and selling guidelines might nonetheless apply.

In April, an investor within the coin filed a class-action lawsuit accusing the folks behind the token of orchestrating a pump-and-dump scheme. The lawsuit doesn’t title Cawthorn as a defendant however consists of a number of cases of him selling the coin. The authorized grievance additionally alleges that after an analogous model of the coin was relaunched in February, Cawthorn and others have continued to put it on the market.

Koutoulas’ assertion mentioned the lawsuit’s pump-and-dump allegations are “ludicrous,” and slammed the plaintiff as a “crazed stalker.”

Cawthorn just lately has been in scorching water for driving with out a legitimate license and for claiming that different members of Congress had been utilizing medicine and welcoming him to orgies. Home Minority Chief Kevin McCarthy, R-Calif., has mentioned there was no proof for Cawthorn’s claims.

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North Carolina

People gather for NC Museum of History's annual American Indian Heritage Celebration in Raleigh

Published

4 hours ago

November 24, 2024

Press Room

People gather for NC Museum of History's annual American Indian Heritage Celebration in Raleigh

RALEIGH, N.C. (WTVD) — November is Native American Heritage Month, and it’s a time to celebrate the traditions and cultures of the many Native American communities across North Carolina.

On Friday and Saturday, the North Carolina Museum of History held its annual American Indian Heritage Celebration. People learned about Native American history through live performances, food, art, storytelling and more.

Since the history museum is closed for renovation, the celebration was held at the North Carolina Museum of Natural Sciences.

“Our songs, our dances, our stories, our language–it’s all medicine to us,” Community Programs Coordinator of NC Museum of History Kaya Littleturtle said at last year’s celebration. “Medicine is anything that makes you well be it physical, spiritual, emotional, all those things are medicine. We hope is that people come out here and they learn about those things, to help uplift us as a people. We hope that it inspires them to go get engaged with things to help uplift them as a people.

This was the 29th year of the celebration.

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North Carolina

Eli Pancol helps Duke football beat Virginia Tech, keep spot as North Carolina’s top team

Published

13 hours ago

November 24, 2024

Press Room

Eli Pancol helps Duke football beat Virginia Tech, keep spot as North Carolina’s top team

Duke hasn’t played pretty football at times, but the Blue Devils have consistently proven to be the top team in North Carolina.

After beating UNC (6-5, 3-4) and N.C. State (5-6, 2-5) earlier this year, Duke (8-3, 4-3 ACC) will go for the Tobacco Road sweep in the regular-season finale at Wake Forest (4-7, 2-5) on Nov. 30 (Noon, ACC Network).

Because of their consistently dominant defense and the ability to handle in-game adversity, the Blue Devils are in position to win double-digit games for just the second time in program history.

That’s quite a debut for first-year coach Manny Diaz, who has helped the Blue Devils win five of their six one-score games this season, including a 31-28 victory against Virginia Tech on Saturday in the home finale at Wallace Wade Stadium.

Duke report card vs Virginia Tech

Here’s what and who stood out on senior night in Duke’s eighth win of the 2024 college football season.

Duke wide receiver Eli Pancol caps comeback with special finale at Wallace Wade Stadium

Eli Pancol, Duke’s sixth-year wide receiver who missed the 2023 season with an injury, capped his comeback with an incredible performance in the final home game of his career.

Eli Pancol’s incredible comeback story

Finishing with five catches for 188 yards and three touchdowns, Pancol did most of that damage on two of the first four plays when he had an 86-yard catch-and-run touchdown, followed by a 77-yard catch-and-run TD. In his final two games at Wallace Wade Stadium, Pancol combined for 16 catches for 326 yards and four touchdowns.

Ozzie Nicholas, Cam Bergeron, Kendy Charles shine for Duke football defense

Pancol wasn’t the only senior to shine Saturday night against the Hokies. Duke’s top three tacklers were seniors, combining for 31 tackles, including three for loss. Princeton graduate transfer Ozzie Nicholas, Duke’s leading tackler, led the way again with 11 tackles. Fellow linebacker Cam Bergeron and defensive tackle Kendy Charles each had 10 tackles.

Overall, Duke had 14 tackles for loss, including eight sacks. The Blue Devils have consistently been among the top five teams in the nation at creating havoc for offenses as a steady presence in the backfield. It’s the main reason Duke is in position to reach 10 wins this season.

Manny Diaz keeps proving he was right hire for Blue Devils

Duke has won 10 games once since 1922, getting it done in 2013 under former coach David Cutcliffe, who helped resurrect a struggling program. Following Cutcliffe’s departure, Mike Elko won nine games in his first season and eight in his second before bolting to Texas A&M.

After a successful stint as a defensive coordinator at Penn State, Diaz got a second head-coaching opportunity when Duke hired him in December 2023. In three seasons as the head coach at Miami, Diaz had one year with eight wins. He accomplished that in his debut year at Duke, putting the program in position to join an exclusive club if the Devils can win their final two games.

Rodd Baxley covers Duke, North Carolina and N.C. State for The Fayetteville Observer as part of the USA TODAY Network. Follow his ACC coverage on X/Twitter or Bluesky: @RoddBaxley. Got questions regarding those teams? Send them to rbaxley@fayobserver.com.

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Live Updates: Ball State vs No. 16 North Carolina At Battle 4 Atlantis 2024 – FloHoops

Published

21 hours ago

November 23, 2024

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Live Updates: Ball State vs No. 16 North Carolina At Battle 4 Atlantis 2024 – FloHoops

No. 16 North Carolina and MAC favorite Ball State face-off in the Bahamas for a special one to kick off two weeks full of holiday college basketball tournaments coming live to FloHoops. The game begins at 6:30 p.m. ET on Saturday, Nov. 23 and is the second of many in the 2024 Battle 4 Atlantis Women’s College Basketball tournament.

The Paradise Island, Bahamas-based tournament hosts eight teams including No. 18 Baylor, Indiana, and Texas A&M.

No. 16 North Carolina is 3-1, coming off of a close loss a week ago to No. 2 UConn, falling 58-69 to the Huskies. They hold wins this season against NC A&T, UNC-Wilmington, and Charleston Southern.

Currently undefeated, Ball State will be hoping to upset North Carolina to add an important win to their resume en route to a potential at-large bid to the NCAA tournament at the end of the season. They have defeated Northern Iowa, IUPUI, Memphis, and Old Dominion so far this season.

Read the live updates, watch highlights and view scores after the game tips off at 6:30 p.m. ET.

Live Updates: Ball State vs No. 16 North Carolina Score At Battle 4 Atlantis

Refresh the page for live updates, highlights and scores from today’s game in the Bahamas. Tip off is at 6:30 p.m. ET.

While You Wait…LIVE NOW: Watch Columbia vs Indiana

Click here to tune in live to more women’s college basketball live on FloHoops.

we’ve got a 3️⃣ point game y’all 👏@CULionsWBB | #Battle4Atlantis | @B4AOfficial pic.twitter.com/9Rg0GzJtl6
— FloCollege | Basketball (@FloCollegeHoops) November 23, 2024
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Earlier Today On FloHoops: Baylor Puts Up 15 Threes, Hits Triple Digits vs Southern Miss

After four great quarters of basketball between Southern Miss and Baylor—the Lady Bears come out on top of game one of the Battle 4 Atlantis Women’s tournament.

Five Baylor players had more than 14 points today against the Lady Eagles and were 44% (15-34) from behind the three-point line, making that the most threes for them this season. Fontleroy and Andrews both tallied four.

For Southern Miss, Grayson and Evans led the points with 12, despite Grayson fouling out.

Despite their quick start, the Eagles were unable to keep up with Baylor and will be looking for redemption against the loser of Columbia vs Indiana. Baylor will play the winner.

Read the full game recap.

Battle 4 Atlantis Women’s Tournament Schedule

Saturday, November 23

Sunday, November 24

Monday, November 25

Battle 4 Atlantis Women’s Bracket

Battle 4 Atlantis 2024 Women’s Teams

How To Watch The Battle 4 Atlantis 2024 Women’s Tournament

Every game except the championship of the Women’s Battle 4 Atlantis will be streaming on FloHoops, FloCollege and the new FloSports streaming app.

Game replays, highlights and more will be available on all platforms.

How To Watch College Basketball On The FloSports Network

Basketball games are streaming all year long on FloHoops, FloCollege and the new FloSports streaming app. Game replays, highlights and more will be available on all platforms.

Watch NCAA Women’s Basketball On FloHoops

The NCAA Women’s Basketball is streaming live on FloHoops and the FloSports app.

The BIG EAST Digital Network is also on FloHoops and the FloSports app.

FloHoops Archived Footage

Video footage from all events will be archived and stored in a video library for FloHoops subscribers to watch for the duration of their subscription.