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#cantorfitzgerald

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MissConstrue

Ok y’all, we’ve talked about stock market manipulation and we’ve talked about crypto fraud and the First Crime Family, but have we talked about Howard Lutnick and how money managed by the chair of Trump's transition team keeps showing up in the hands of drug cartels, terrorists, and fraudsters?

The Cryptocalypse Chronicles has a multi post series, of which part two is a "follow the money" deep dive into how Howard Lutnick manages roughly $100 billion for #Tether, and does business with gangs and sanctioned individuals and nations like Hamas, North Korea and Iran, and funds #pigButchering scams and illegal weapons and drug trades.


#USpol #USpolitics #Trump #cantorfitzgerald #HowardLutnick #USDT #Terrorism #fraud #scams #Theft #cartels #DonaldTrump #SBF #crypto #cryptocurrency #bitcoin

cryptadamus.substack.com/p/tru

The Cryptocalypse Chronicles · Trump's Transition Team Is Tethered To Thievery (And Worse)By Michel de Cryptadamus
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⚯ Michel de Cryptadamus ⚯

1/ the fact that #Tether never took any action before today to block the world's foremost russian #ransomware laundering crypto exchange (#Garantex) from using their #USDT token tells you everything you need to know about Tether (and therefore about Trump's Commerce Secretary #HowardLutnick, who manages Tether's money).

IMHO the fact that this is happening now suggests that the Trump administration has already made some kind of deal with #Putin.

protos.com/garantex-says-usdt-

Protos · Garantex says 'USDT in Russian wallets under threat' as Tether freezes $27MGarantex was sanctioned by the EU in February as it stepped up its efforts to bring an end to “Russia’s war of aggression against Ukraine.”
#corruption#cantorfitzgerald#uspol
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⚯ Michel de Cryptadamus ⚯

Commerce Secretary #HowardLutnick has “divested” his control over his firm #CantorFitzgerald by naming his two 20 something year old nepo baby sons to run one of america’s larger investment banks (and possibly the world’s largest provider of banking services for criminals and rogue nuclear states, because Cantor manages assets for #Tether).

welcome to the #meritocracy.

* bloomberge: bloomberg.com/news/articles/20
* more lutnick: universeodon.com/@cryptadamist

screenshot of bloomberg article
#MAGA#DOGE#uspol
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⚯ Michel de Cryptadamus ⚯

Trump cabinet member #HowardLutnick's¹ $135 billion crypto-bank-for-criminals #Tether has two options:

1. submit to an audit like any normal financial firm

2. lose the entire EU customer base, representing a pct of global GDP comparable to the US or China

the fact that they chose #2 tells you everything you need to know about tether.

notice also that #Kraken and #CryptoCom are delisting #Paypal's #stablecoin #PYUSD... wonder what that's about.

¹ It was widely reported that Lutnick's firm #CantorFitzgerald, which manages Tether's assets, had taken a 5% stake in the co. but during his confirmation hearing he said there was only a "convertible bond", which is what the kids call "sus".

Kraken announces the delisting of USDT and EURT.
Crypto.com announcing the delisting of USDT.
#crypto#eupol#uspol
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⚯ Michel de Cryptadamus ⚯

profit per employee comparison of:

- #Tether
- #Nvidia
- #GoldmanSachs
- #Meta
- #Apple

shows very clearly how profitable it can be to run a noncompliant bank / money laundry for terrorists, drug lords, and rogue nuclear states that derives 100% of its income from the government teat (especially when you put the owners of that noncompliant bank / money laundry in the White House and let them write their own financial regulations).

Chart shows Tether makes almost ~$80 million per employee, roughly 100x or more as much as Nvidia or Goldman Sachs
#crypto#cryptocurrency#USDT
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⚯ Michel de Cryptadamus ⚯

#HowardLutnick (part owner of #Tether, chairman of the #Trump transition team, billionaire owner of #CantorFitzgerald, and future Commerce Secretary of the US) made $216 million from Cantor last year as well as ~$128 million from other sources (mostly Newmark Group and BGC Group).. He's also an executive or board member of 818 different organizations (mostly small LLCs).

* Here's his financial disclosure form: legacy.www.documentcloud.org/d
* I wrote a long thing about Lutnick and Tether: universeodon.com/@cryptadamist

$200 million is a lot of blood money...

Table showing lutnick made $200 million frmo Cantor Fitzgerald, $16 million from Cantor Fitzgerald securities, and $35 million from Newmark Group.
#crypto#cryptocurrency#corruption
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⚯ Michel de Cryptadamus ⚯

new article from #ZekeFaux in Bloomberg about the chairman of the #Trump transition team #HowardLutnick taking an ownership stake in "#Tether, the stablecoin used by drug traffickers, terrorists and scammers to move money around the world" and more specifically about $300 million in terrorist connected transactions:

> It turns out that particular crypto wallet was controlled by Sa’id al-Jamal, a financier of the #Houthi fighters attacking merchant ships in the Red Sea, according to the US Treasury Department... Still, he was able to use those crypto wallets to send and receive more than $300 million of Tether.

no paywall: archive.ph/ivmIC
more on tether: cryptadamus.substack.com/p/tru

screenshot of article
#Terrorism#TerroristFinancing#AML
Public
Wendy Siegelman

SEC charged Cantor Fitzgerald, led by Trump’s Commerce pick Howard Lutnick, with breaking securities laws related to disclosures by blank-check companies before raising money from public. Cantor agreed to settle and pay $6.75mil civil penalty.

Settlement echoes $18mil settlement DWAC agreed to pay in 2023 after fraud charges for failing to disclose to investors DWAC had merger discussions with Trump’s then-private Trump Media.

#CantorFitzgerald #HowardLutnick #Lutnick

cnbc.com/2024/12/12/sec-cantor

CNBCSEC charges Cantor Fitzgerald, led by Trump’s Commerce pick, with breaking securities lawsCantor Fitzgerald CEO Howard Lutnick is co-chair of the transition team for Donald Trump. The SEC says his firm caused two SPACs to make false statements.
Public
Wendy Siegelman

Trump’s commerce pick Howard Lutnick has deep ties with crypto giant Tether, which is under investigation by Treasury and DOJ

His firm Cantor Fitzgerald holds most of Tether's assets and has an agreement for a 5% ownership interest that is valued at approx $600 million.

Lutnick plans to step down at Cantor and his son may step in.

#HowardLutnick #Tether #CantorFitzgerald #Trump #CommerceSecretary

wsj.com/finance/currencies/how

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