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

2024 photo galleries: Businesses hit hard by Helene in Western North Carolina

Published

3 hours ago

December 26, 2024

Press Room

2024 photo galleries: Businesses hit hard by Helene in Western North Carolina

Businesses in Western North Carolina took a hit after Helene hit on Sept. 27, causing unemployment to skyrocket. For example, before Helene, only around 5,000 were unemployed in the Buncombe County, but after the storm over 13,000 people out of work, according to a report from the North Carolina Department of Commerce.

Fraser fir farmers

Christmas Cottage

Asheville Tea Company

River Arts District

Ellaberry Llama Farm

Corner Kitchen

Zillicoah Beer Co.

Asheville breweries

US Reps. tour Asheville’s River Arts District

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North Carolina

NC Lottery Powerball, Lucky For Life results for Dec. 25, 2024

Published

11 hours ago

December 26, 2024

Press Room

The NC Lottery offers several draw games for those aiming to win big. Here’s a look at Wednesday, Dec. 25, 2024 results for each game:

Winning Powerball numbers from Dec. 25 drawing

15-26-27-30-35, Powerball: 03, Power Play: 3

Check Powerball payouts and previous drawings here.

Winning Lucky For Life numbers from Dec. 25 drawing

04-10-35-42-45, Lucky Ball: 02

Check Lucky For Life payouts and previous drawings here.

Winning Pick 3 numbers from Dec. 25 drawing

Day: 8-0-0, Fireball: 3

Evening: 7-3-2, Fireball: 2

Check Pick 3 payouts and previous drawings here.

Winning Pick 4 numbers from Dec. 25 drawing

Day: 9-0-3-0, Fireball: 7

Evening: 9-3-8-4, Fireball: 7

Check Pick 4 payouts and previous drawings here.

Winning Cash 5 numbers from Dec. 25 drawing

03-09-28-39-40

Check Cash 5 payouts and previous drawings here.

Winning Double Play numbers from Dec. 25 drawing

01-11-15-18-22

Feeling lucky? Explore the latest lottery news & results

Are you a winner? Here’s how to claim your lottery prize

All North Carolina Lottery retailers will redeem prizes up to $599.

For prizes over $599, winners can submit winning tickets through the mail or in person at North Carolina Lottery Offices. By mail, send a prize claim form, your signed lottery ticket, copies of a government-issued photo ID and social security card to: North Carolina Education Lottery, P.O. Box 41606, Raleigh, NC 27629. Prize claims less than $600 do not require copies of photo ID or a social security card.

To submit in person, sign the back of your ticket, fill out a prize claim form and deliver the form, along with your signed lottery ticket and government-issued photo ID and social security card to any of these locations:

Asheville Regional Office & Claim Center: 16-G Regent Park Blvd., Asheville, NC 28806, 877-625-6886 press #1. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.
Greensboro Regional Office & Claim Center: 20A Oak Branch Drive, Greensboro, NC 27407, 877-625-6886 press #2. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.
Charlotte Regional Office & Claim Center: 5029-A West W. T. Harris Blvd., Charlotte, NC 28269-1861, 877-625-6886 press #3. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.
NC Lottery Headquarters: Raleigh Claim Center & Regional Office, 2728 Capital Blvd., Suite 144, Raleigh, NC 27604, 877-625-6886 press #4. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes of any amount.
Greenville Regional Office & Claim Center: 2790 Dickinson Avenue, Suite A, Greenville, NC 27834, 877-625-6886 press #5. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.
Wilmington Regional Office & Claim Center: 123 North Cardinal Drive Extension, Suite 140, Wilmington, NC 28405, 877-625-6886 press #6. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.

Check previous winning numbers and payouts at https://nclottery.com/.

When are the North Carolina Lottery drawings held?

Powerball: 10:59 p.m. Monday, Wednesday, and Saturday.
Mega Millions: 11 p.m. Tuesday and Friday.
Lucky for Life: 10:38 p.m. daily.
Pick 3, 4: 3:00 p.m. and 11:22 p.m. daily.
Cash 5: 11:22 p.m. daily.

This results page was generated automatically using information from TinBu and a template written and reviewed by a Carolina Connect editor. You can send feedback using this form.

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North Carolina

Santa Claus swaps reindeer for alpacas at farm in Waynesville

Published

23 hours ago

December 25, 2024

Press Room

Santa Claus swaps reindeer for alpacas at farm in Waynesville

WAYNESVILLE, N.C. — At Winchester Creek Farm, Santa Claus traded in his traditional reindeer for alpacas during the farm’s Santa Tour on Monday.

The event offered visitors a unique opportunity to pose for photos with Santa and interact closely with the farm’s animals.

The farm also featured a large mailbox for children to send their letters to Santa. Luanna Baldwin, a mother from Canton, expressed her delight with the experience.

“This was a great outing to take the girls for some Christmas magic,” Baldwin said. “They’ve been asking to see Santa, write a letter specifically, so that was super fun.”

At Winchester Creek Farm, Santa Claus traded in his traditional reindeer for alpacas during the farm’s Santa Tour, which concluded on Monday, Dec. 23.

WLOS via CNN Newsource

In addition to the alpacas, the tour allowed guests to feed and pet various other farm animals. Farm Manager Ashley Edwards highlighted the joy the event brings to visitors of all ages.

“We have people come in who are in their 60s, 70s, and above who have never touched a chicken before, and I’m able to provide that kind of happiness to their hearts to their soul, and I think it’s great,” Edwards said. “This is a memory people aren’t going to forget.”

Winchester Creek Farm has been hosting the Santa Tours for the past six years. Although this year’s event has ended, the farm offers tours throughout the year.

Winchester Creek Farm operates as a year-round working farm, raising animals primarily for the fiber produced by their coats.

SEE ALSO | Schools closed for winter break: Family fun things to do

Featured video is ABC11 24/7 Livestream

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