Techub News reports that, according to Reuters, investor Andrew Barr from Missouri has filed a class-action lawsuit in the Washington Federal Court, accusing former Trump allies Steve Bannon, Boris Epshteyn, and their media company War Room, Let’s Go Brandon Coin LLC, and Patriot Pay LLC of fraudulently selling unregistered cryptocurrencies to thousands of investors. The complaint states that Bannon and Epshteyn used public platforms and political influence to promote the token initially called Let’s Go Brandon Coin ($FJB), later renamed Patriot Pay ($PPY), inducing investors to purchase unregistered and highly speculative assets. The plaintiff suffered personal losses exceeding $58,000 and alleges that the defendants concealed the risks and governance facts of the tokens, violating securities laws and consumer protection laws. The defendants suspended trading and announced the project’s closure in early 2025, promising to distribute remaining liquidity funds, but have yet to do so. The plaintiff seeks to represent thousands of retail investors nationwide to recover damages.
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