‘Let’s Go Brandon’ memecoin investor sues Steve Bannon and Trump advisor Epshteyn in class action lawsuit

An investor in the ‘Let’s Go Brandon’ (LGB) cryptocurrency has filed a class-action lawsuit against Steve Bannon, a former White House strategist, and Boris Epshteyn, a long-time advisor to Donald Trump. The lawsuit, filed in a Florida federal court, alleges that the defendants engaged in a ‘pump and dump’ scheme to defraud investors. According to the complaint, Bannon and Epshteyn leveraged their political influence and the popularity of the ‘Let’s Go Brandon’ slogan to drive up the price of the LGB token while failing to disclose their control over a significant portion of the supply. The plaintiffs claim they suffered substantial financial losses after the defendants allegedly liquidated their positions, causing the coin’s value to collapse. The legal action seeks damages for violations of federal securities laws and common law fraud, highlighting the ongoing scrutiny of celebrity-backed digital assets in the volatile memecoin market.

Source: ‘Let’s Go Brandon’ memecoin investor sues Steve Bannon and Trump advisor Epshteyn in class action lawsuit