Trump Pardons Crypto Billionaire After Freeing Fraudster

8,223 Views | 118 Replies | Last: 5 mo ago by gigemtxag2025
deddog
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In reply to Hullabaloonatic • 4:24p, 10/24/25
AG
Hullabaloonatic said:
flown-the-coop said:
gigemtxag2025 said:
October 17: Trump commuted George Santos's sentence after three months of a seven-year term. Santos had pleaded guilty to wire fraud and identity theft, including charging donors' credit cards without authorization and taking $3,000 from a GoFundMe for a Navy veteran's dying dog. The commutation eliminated Santos's $374,000 restitution obligation. Santos has stated he will not repay victims unless legally required.
Trump cited Santos's consistent Republican voting record as a factor in his decision.

October 23: Trump pardoned Changpeng Zhao, Binance's founder, who had pleaded guilty to enabling money laundering. Zhao served four months of his sentence. Binance paid $4.3 billion in fines after admitting it facilitated transactions involving terrorists, cybercriminals, and child abusers.
Notable context: Trump's family crypto venture, World Liberty Financial, has gained approximately $5 billion in value since the election. Binance hosts the Trump family's crypto platform and participated in a $2 billion transaction involving Trump's stablecoin. In September, Binance retained a lobbyist with connections to Donald Trump Jr., paying $450,000 for services including advocacy for "executive relief."
When asked why he pardoned Zhao, Trump said: "I don't know, he was recommended by a lot of people."

What was Zhao found guilty of?
Zhao was released from prison in September 2024, after serving a four-month sentence for violating the US Bank Secrecy Act. He was the first person to ever serve prison time for breaking that law, which was passed in 1970.

The timeline: Within six days, Trump granted clemency to a Republican congressman who admitted to defrauding donors and veterans, eliminating his restitution obligations, and to a cryptocurrency executive whose company has business relationships worth billions with Trump's family venture. Both individuals had pleaded guilty to federal crimes. Both had their sentences significantly reduced or eliminated.

Interested in hearing different perspectives on this.

Let's cut the crap about Zhao. Served his sentence after being the ONLY person ever sentenced to prison time under a 50+ year old law. Maybe BIden DOJ could have not overcharged. Which I believe is the issue with Santos as well.

Let's cut the crap and just admit you don't care about open corruption when 'your team' does it.

And yes, I criticized Biden for his son's pardon.

Politicians are corrupt.

And yet one side consistently votes for more government.
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deddog
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In reply to AtomicActuator • 4:25p, 10/24/25
AG
AtomicActuator said:
I have to disclose to my employer in writing that I'm on the board of our local Little League, so they can review it and question me for possible conflicts of interest.

It's not an assumption of the worst, but an attempt to prevent even the appearance of a COI. Presidents historically did similarly to prevent any appearance of impropriety.

Wait till you hear about what Congress does.
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flown-the-coop
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In reply to AtomicActuator • 4:25p, 10/24/25
AG
AtomicActuator said:
I have to disclose to my employer in writing that I'm on the board of our local Little League, so they can review it and question me for possible conflicts of interest.

It's not an assumption of the worst, but an attempt to prevent even the appearance of a COI. Presidents historically did similarly to prevent any appearance of impropriety.

Like Carter putting his banking buddy and political ally in charge of his "blind" trust?

The bolded part is simply not true and never has been.
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Thunder18
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4:27p, 10/24/25
AG
Awful Trump
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SoTxAg
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5:20p, 10/24/25
AG
The story begins and ends with "All politicians suck".
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flown-the-coop
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In reply to SoTxAg • 5:24p, 10/24/25
AG
It's why it's glad to recognize Trump is a businessman. An accidental politician, and a reluctant one.
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chris1515
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5:38p, 10/24/25
AG
Why no mention of the Silk Road guy that Trump also pardoned?

https://www.bbc.com/news/articles/cz7e0jve875o.amp

Kind of curious how many poor people Trump has pardoned…
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flown-the-coop
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In reply to chris1515 • 5:49p, 10/24/25
AG
Good Trump. Standing up for limited government and individual rights. You may want to read an unbiased take on some of these.

Silk Road dude provided an anonymous marketplace. And they gave him 2 life sentences.

How many life sentences should defund the police people get for creating open air drug dens? Same for mayors and DAs and Soros plants.

They do way, way more harm than that dude could ever fathom.
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flown-the-coop
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In reply to chris1515 • 5:51p, 10/24/25
AG
And regarding poor people Trump has pardoned? May want to look up Alice Marie Johnson. Report back what you find.
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gigemtxag2025
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In reply to flown-the-coop • 5:51p, 10/24/25
Let's discuss Trump the businessman since you didn't respond to my other post.

Trump's business record is a disaster. His casinos went bankrupt four times, more than any other major operator in the U.S. They lost more money than their competitors, cut their workforce in half, and saw revenue drop by over 40% between 1997 and 2010.

During his 13 years as chairman, Trump's casino empire lost a total of $1.1 billion, declared bankruptcy twice, and had to restructure $1.8 billion in debt. Yet during that same time, he personally pocketed $82 million. In short, he made himself rich while his companies failed and his workers and investors paid the price.

As for the idea that he's an "accidental" or "reluctant" politician, that's simply not true. Trump has been chasing the presidency since 1987, when he bought full-page ads attacking U.S. foreign policy and hinted at his first run. He explored campaigns in 1988, 2000, 2004, and 2012 before finally winning in 2016. That's almost forty years of actively seeking political power.

Here's the real point: Trump doesn't want the office to serve the country. He wants it to serve himself. Since the start of his term, he has turned the presidency into a personal profit machine in ways no modern president has ever tried.

Worth noting that every president since Nixon has used a blind trust or sold off assets to avoid conflicts of interest. Trump refused to do this. Instead, he placed his businesses in a revocable family trust that he still controls. This arrangement allows him to profit directly from the presidency.

This isn't a reluctant public servant "accidentally" serving his country. This is someone who has spent forty years pursuing the presidency because he saw it as a way to enrich himself. His pattern of extracting wealth while companies fail is now happening on a national scale. This time, it's the American people who are suffering for his personal gain. That's it.
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flown-the-coop
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In reply to gigemtxag2025 • 6:01p, 10/24/25
AG
He explored running for a single office, the highest, most powerful elected office in the world, 4 times out of 8 cycles over 30 odd years and you act like he served 40 years as senator, 8 as VP and 4 years eating ice cream. Please be real.

Complete derail on the BKs. He and other investors made a bad bet. It's well documented and well known. Another poster has provided the stats on how many successful businesses he has and has had.

The blind trust is a red herring. Carter was the first to make a big deal about it and his immediately devolved into scandal.

At best you could call them "arms length" or similar but none of them have been blind. You can search my posts on this as I have previously debunked.

Fact, Trump was the only POTUS to take a financial hit by becoming POTUS. And then Big Tish said not enough wand wanted more. Then you guys try to kill him.

And yet you still think he is some crazy grifting no talent conman. Step back and let him save America. You can thank us later.
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Ag_of_08
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In reply to Silent For Too Long • 6:04p, 10/24/25
AG
Why? If you actuator care about law and order, why is any of this excusable.
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gigemtxag2025
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In reply to flown-the-coop • 6:29p, 10/24/25
"He explored running for a single office…"
I never said he held office for 40 years. I said he's been chasing political power for 40 years - 1987 full-page ads, exploratory committees, consistent media positioning. That's not "reluctant" or "accidental."

"He and other investors made a bad bet."
That misses the pattern. He didn't just lose money alongside investors. He extracted $82 million for himself while the company lost $1.1 billion. He paid himself handsomely while contractors went unpaid and investors were wiped out. That's not a bad bet. It's a grift.

"Another poster has provided the stats on successful businesses."
Show me. His public record: Trump Airlines (failed), Trump Vodka (failed), Trump Steaks (failed), Trump University ($25M fraud settlement), Trump Mortgage (failed), Trump Magazine (failed), GoTrump.com (failed), and four casino bankruptcies. His so-called "successful businesses" are mostly licensing deals where he's paid to put his name on other people's developments, and that's just branding, not building.

"The blind trust is a red herring. Carter was the first…"
Carter's trust didn't "devolve into scandal." It worked as intended. He placed his peanut farm in a blind trust, lost money because he wasn't managing it, and was criticized for being too detached. That's exactly how it's supposed to function: the president doesn't control his business while in office.

"At best you could call them "arms length" or similar…"
Every modern president has either divested or used blind or arms-length trusts to avoid conflicts of interest. Trump refused. Instead, he placed his assets in a revocable family trust controlled by his sons, who openly discuss business with him. He can revoke it anytime. That's not remotely comparable to his predecessors.

"Trump was the only POTUS to take a financial hit…"
He's profited roughly $3.4 billion from both terms.

"Then you guys try to kill him…"
I condemn political violence unequivocally, including the assassination attempt. Criticizing corruption isn't violence, and it doesn't excuse violence. Invoking it here is a deflection. And drop the "you guys." I'm one person sharing documented facts about Trump's financial dealings.

"Step back and let him save America."
"Save America" from what, and for whom? He's monetizing the presidency through crypto schemes, foreign gifts, and policy decisions that benefit his own companies. You can support his policies if you want. But let's not pretend he's a reluctant public servant or a self-sacrificing patriot. His record, business and political alike, show a consistent pattern of enriching himself while others bear the losses. I don't need to "thank you later," I just need you to hold your leaders accountable now, regardless of party.
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flown-the-coop
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In reply to gigemtxag2025 • 7:05p, 10/24/25
Silent For Too Long
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In reply to Ag_of_08 • 3:55a, 10/25/25
Ag_of_08 said:
Why? If you actuator care about law and order, why is any of this excusable.


If you actually cared about law and order you wouldnt keep voting Democrat.

You don't. You don't really care about this, either. It just has Trump's name attached to it and you've been programmed to be outraged.
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Silent For Too Long
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In reply to gigemtxag2025 • 4:03a, 10/25/25
"Trump was the only POTUS to take a financial hit…"
He's profited roughly $3.4 billion from both terms.

His net wealth took a multi billion dollar dive in his first term.


You are completely full of *****

Most presidents see a massive increase in personal wealth. Trump was a billionaire and is still a billionaire. He's got half the country actively rooting for his death. People that use to love him ****ing hate him now.

You can disagree with Trump all you want, but this narrative that he ran to enrich himself is so ****ing ******ed it blows my mind. Its completely divorced from reality.

The Militray Industrial Complex and Big Pharma are two of the most powerful entities in Washington, and both hate Trump right now. I promise you, if all Trump wanted to do was enrich himself, this wouldn't be the case.
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FCBlitz
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In reply to Ag98and03 • 6:39a, 10/25/25
Ag98and03 said:
TexAgs politics doesn't care. Trump can do anything he wants. They support him fully and to the bitter end.



What is funny about this take…..in order to think we will let Trump get away with anything……totally disregards all of the stuff the global leftist have done to destroy him…..it would be a 10,000 page book listing all things anti Trump with the most illegal attacks, abuse of power and fundraising activities to put him away because they could not fairly beat him.

We are done with that shzt. If Trump wants to pardon a billionaire because that dude will be favorable to him…..it is just one more thing to bring better alignment with what the left have built.
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dmart90
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In reply to Silent For Too Long • 6:50a, 10/25/25
AG
Silent For Too Long said:
I don't give a *****

I do. Bad Trump.
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dmart90
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In reply to flown-the-coop • 8:01a, 10/25/25
AG
flown-the-coop said:
It's why it's glad to recognize Trump is a businessman. An accidental politician, and a reluctant one.

A RELUCTANT ONE?!? Hahaha hahaha!
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flown-the-coop
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In reply to dmart90 • 9:31a, 10/25/25
AG
dmart90 said:
flown-the-coop said:
It's why it's glad to recognize Trump is a businessman. An accidental politician, and a reluctant one.

A RELUCTANT ONE?!? Hahaha hahaha!


If I agree he is a politician will Dems then agree he is not a king, dictator, totalitarian? Cause running for elections and reelection is not consistent with those labels.
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SMM48
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In reply to gigemtxag2025 • 10:02a, 10/25/25
AG
gigemtxag2025 said:
no one had previously violated it at this scale, this deliberately, while making tens of billions of dollars in the process.


Never heard of hsbc and ubs?

Maybe stop when you don't know wtf you are babbling about.
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Ag with kids
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In reply to gigemtxag2025 • 10:08a, 10/25/25
AG
gigemtxag2025 said:


"He and other investors made a bad bet."
That misses the pattern. He didn't just lose money alongside investors. He extracted $82 million for himself while the company lost $1.1 billion. He paid himself handsomely while contractors went unpaid and investors were wiped out. That's not a bad bet. It's a grift.



Quote:
That misses the pattern.

Why do you deliberately leave out the OTHER 500+ companies he's run? Do those not fit your pattern?
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Ag with kids
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In reply to gigemtxag2025 • 10:11a, 10/25/25
AG
gigemtxag2025 said:


"Trump was the only POTUS to take a financial hit…"
He's profited roughly $3.4 billion from both terms.


Link to evidence...
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Yukon Cornelius
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11:32a, 10/25/25
AG
The founder of Binance was wrongfully targeted by the Biden administration anti crypto agenda. He took a plea deal for a light sentence but wasn't guilty. It was a bogus case to try and shut down his exchange for "allowing money laundering".
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flown-the-coop
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In reply to Yukon Cornelius • 11:42a, 10/25/25
AG
Plus one could argue the banking secrecy laws applicability to crypto. In fact the laws are somewhat unclear.

Sort of like how Biden used Sarbanes Oxley to jail Jan 6th Capitol tourists.
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Ervin Burrell
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In reply to dmart90 • 12:02p, 10/25/25
AG
dmart90 said:
flown-the-coop said:
It's why it's glad to recognize Trump is a businessman. An accidental politician, and a reluctant one.

A RELUCTANT ONE?!? Hahaha hahaha!


Nothing screams "reluctant politician" like running for the most powerful position on Earth a handful of times.
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Prosperdick
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In reply to Ervin Burrell • 12:06p, 10/25/25
AG
Ervin Burrell said:
dmart90 said:
flown-the-coop said:
It's why it's glad to recognize Trump is a businessman. An accidental politician, and a reluctant one.

A RELUCTANT ONE?!? Hahaha hahaha!


Nothing screams "reluctant politician" like running for the most powerful position on Earth a handful of times.

For most of his career he has been. You can watch the Oprah clip from the early 90's where she is begging him to run for POTUS.

There's also a clip from the 80's, can't recall the interviewer but she asks him flat out and he says he's not interested.

It took Obama talking s*it for him to finally run. The one good thing Zero did.
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flown-the-coop
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In reply to Ervin Burrell • 12:08p, 10/25/25
AG
Ervin Burrell said:
dmart90 said:
flown-the-coop said:
It's why it's glad to recognize Trump is a businessman. An accidental politician, and a reluctant one.

A RELUCTANT ONE?!? Hahaha hahaha!


Nothing screams "reluctant politician" like running for the most powerful position on Earth a handful of times.


You think? Never holding a lower office doesn't scream career politician does it?

It's evident some don't consider their retorts before sharing.

Trump is a career politician, king, tyrant, dictator, nazi, Hitler, totalitarian, failed businessman, overweight, racist, bigot, serial adulterer, pedophile friend and a Putin puppet.

At some point, people have to look at their feelings on Trump and realize the problem is them, not Trump.
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gigemtxag2025
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In reply to Silent For Too Long • 12:15p, 10/25/25
"His net wealth took a multi billion dollar dive in his first term."
His reported net worth fluctuated based on brand valuation and real estate markets, not because he sacrificed for public service. Meanwhile, he was funneling government and campaign money into his properties the entire time, and his businesses collected millions from the Secret Service, foreign governments, and political committees while he was president.

"Most presidents see a massive increase in personal wealth."
Yes, after they leave office through book deals and speaking fees, not by selling crypto coins as president, offering White House access to top holders of said coin, taking $400 million jets from foreign governments, charging Secret Service agents premium rates at their own properties while in office, and announcing real estate deals in countries they're simultaneously negotiating with as president.

"He's got half the country actively rooting for his death."
No, he doesn't. Opposition isn't evidence of violent intent. Most people who oppose him just want to beat him through elections. That's how democracy works.

"The Militray Industrial Complex and Big Pharma are two of the most powerful entities in Washington, and both hate Trump right now. I promise you, if all Trump wanted to do was enrich himself, this wouldn't be the case."
Some sectors oppose him, some support him. Defense contractors made billions from his first term. But even if they all hated him, that doesn't prove he's not enriching himself, it just means he's enriching himself through different industries like crypto, real estate licensing, foreign deals, hospitality, and political fundraising.

You don't have to pick a side between "Trump vs. the establishment" or "Trump is corrupt" since both can be true. He can buck some establishment interests while personally profiting. Those aren't mutually exclusive.
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gigemtxag2025
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In reply to SMM48 • 12:17p, 10/25/25
I actually addressed HSBC and UBS in my very next post right after the one you're responding to.
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gigemtxag2025
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In reply to Ag with kids • 12:23p, 10/25/25
I'd be happy to look at those 500+ companies. Can you name them?

I already mentioned what we actually know about Trump's business record in the post you replied to. If you're referring to the LLCs listed in disclosure forms, most are shell companies, holding entities, or dissolved businesses, not operating companies with employees, revenue, or actual business activity.

If you're drawing a connection to The Trump Organization, it itself is a private company, so we don't have full financials. But what we do know from tax returns, court documents, and investigative reporting shows decades of losses he used to avoid paying taxes, consistent overvaluation of assets when seeking loans, undervaluation for tax purposes (which was the basis for his New York civil fraud judgment), and a history of not paying contractors and using bankruptcy strategically to shield himself while others lose money

If there are hundreds of wildly successful Trump businesses I'm missing, please share them. Which ones?
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Yukon Cornelius
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12:37p, 10/25/25
AG
There is an absolutely insane amount of ignorance by this board on crypto matters. CZ was 100% innocent. He served his absolute BS please deal.

This is GOOD Trump. He did what was right.

This man was targeted by the Biden administration for running an exchange. That's it. There's a loooong list of other people were targeted too.
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gigemtxag2025
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In reply to Ag with kids • 12:42p, 10/25/25
Sure.

After the release of Truth Social, his net worth doubled to an estimated $5-6 billion in one year. Most of that is Truth Social stock, a company that only exists because of his political brand.

Federal spending records show millions going to his properties. Secret Service alone was paying over $1,185/night at Mar-a-Lago. His campaign spent tens of millions at his hotels and golf clubs. He even opened a club called "Executive Branch" stocked with Cabinet officials.

He's launched at least five different crypto projects. World Liberty Financial jumped to $5 billion valuation after the Binance partnership.

He announced five major Persian Gulf projects after abandoning his first-term pledge against new overseas deals, plus a $400 million luxury jet from Qatar's Emir.

He's made $27.7M from Trump-branded merchandise, Trump guitars, watches, sneakers, and Bibles that his supporters think fund the campaign but actually go to his pocket.

These numbers come from SEC filings, Forbes wealth tracking, financial disclosure forms, and congressional oversight reports. Even Trump's own lawyers acknowledged in 2017 that his business model is "selling the use of his name, " and that name has significantly more value because of the presidency.

The New Yorker published a detailed investigation that seeks to separate "Presidential profits" from normal business income using these sources. They acknowledge it's difficult given Trump's opaque ownership structure, but their conservative estimate totals $3.4 billion.

You might not trust the New Yorker's analysis, but the underlying sources (SEC, Forbes, his own disclosure forms) are all public record.
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gigemtxag2025
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In reply to Yukon Cornelius • 12:50p, 10/25/25
CZ pleaded guilty. He admitted in federal court that he failed to maintain an effective anti-money laundering program and willfully violated the Bank Secrecy Act. Those aren't accusations but his own admissions under oath.

"This man was targeted by the Biden administration for running an exchange. That's it."
No. Binance facilitated over 1.5 million transactions totaling $900 million that violated U.S. sanctions. This included transactions involving Hamas, al-Qaeda, ISIS, and Iranian entities. They processed payments for ransomware, child sexual abuse materials, and drug trafficking operations.

Coinbase runs an exchange. Kraken runs an exchange. They comply with AML requirements. CZ deliberately instructed employees to help U.S. customers evade compliance by disguising their locations. This is all documented in the plea agreement.

Who else specifically was targeted? Name them. Yes, Biden's regulators were tougher on crypto than the industry wanted, but they went after legitimate crime. Sam Bankman-Fried stole $8 billion in consumer funds. Terraform Labs committed massive $40 billion fraud. Celsius defrauded investors.

Again: should Trump pardon someone whose company paid $450k for lobbying that included "executive relief," has billions in business with Trump's family, and participated in a $2 billion transaction with Trump's stablecoin?
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Ag with kids
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In reply to gigemtxag2025 • 12:59p, 10/25/25
AG
gigemtxag2025 said:
"His net wealth took a multi billion dollar dive in his first term."
His reported net worth fluctuated based on brand valuation and real estate markets, not because he sacrificed for public service. Meanwhile, he was funneling government and campaign money into his properties the entire time, and his businesses collected millions from the Secret Service, foreign governments, and political committees while he was president.


Yes...he broke the law, and yet, the Biden admin didn't attempt to prosecute him for it.

Even though they were throwing the kitchen sink at him with all sorts of questionable legal cases that stretched the law completely...
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