By Mary Jones & Don Terry | Wednesday, May 7, 2025 | 6 min read
America has a con man in the Oval Office—and not in the metaphorical sense. No, the current President of the United States, Donald J. Trump, just orchestrated a meme coin scheme that left over 764,000 investors in the red while a few well-positioned insiders cashed out with millions.
This isn’t a scandal from a shady campaign or a failed business venture from decades ago. This is happening right now, from behind the Resolute Desk. The president of the United States is promoting a cryptocurrency with his name on it while his allies quietly dump their holdings and everyday Americans get wrecked.
Forget ethics violations. This is industrial-grade corruption with a red, white, and blue bow slapped on top.
TrumpCoin Scam: How a Meme Coin Became a Presidential Grift
For decades, Trump operated like a third-rate casino boss with a gold-plated megaphone. Now, he’s doing the same grift with the full backing of the executive branch. The TrumpCoin rollout was marketed like a presidential initiative—patriotic branding, MAGA influencers, even vague dog whistles about “rebuilding America” through blockchain “freedom tech.” It was all nonsense, of course. But that didn’t stop hundreds of thousands of Americans from buying in.
And now? The value has cratered. Wallets linked to Trump insiders—some reportedly tied to PACs and former campaign operatives—unloaded massive holdings early, pocketing millions before the price collapsed. The rest of the holders? They’re left staring at nearly worthless tokens and wondering what happened.
It’s the Trump formula distilled: promise gold, deliver sand.
A Long Rap Sheet, Now with a Presidential Seal
This is not a one-off. It’s a continuation. Trump University was shut down after scamming students with get-rich-quick nonsense. The Trump Foundation was dissolved for illegally funneling charitable funds into his own pocket. He’s been indicted for everything from election interference to espionage-lite document hoarding. He’s left a trail of unpaid contractors, stiffed small businesses, and bankrupted properties across multiple states.
Now, with presidential power back in hand, he’s adding digital fraud to his résumé—and doing it with state-like flair.
And still, he’s out there. Not hiding. Not even denying it. Holding rallies. Boasting about stock market gains while ignoring the cratered value of the very meme coin he helped promote. He’s not worried. Why would he be? No one has ever held him accountable before.
From Bernie Madoff to Donald Trump: Different Cells, Different Fates
Let’s talk about fairness. Bernie Madoff stole billions and died behind bars. His Ponzi scheme was devastating, no question. But let’s be real—Madoff never had nuclear codes. He never stood at a presidential podium and winked at financial crimes like they were just creative capitalism.
Trump, on the other hand, has mastered the art of normalized corruption. He wears it like cologne. It’s not a flaw in his public image—it is his image. And now he’s exporting that corruption through official channels. He’s turned the presidency into a grift amplifier, one where scams don’t end his political career—they fund it.
Madoff defrauded investors. Trump defrauds a nation—and he’s got Air Force One on standby while he does it.
A Sitting President’s Role in Cryptocurrency Fraud
The TrumpCoin pitch was laughably cynical. Wrapped in patriotic branding and buzzwords about “freedom” and “financial empowerment,” it leaned heavily on themes familiar to Trump’s political base. While it never explicitly claimed to fight “globalist elites,” the implication was clear: this was outsider money for the forgotten man. In reality, it was just another insider hustle—digital junk pumped up and dumped on ordinary Americans while Trump’s allies walked away richer.
Online influencers—many with MAGA ties—fanned the flames. Right-wing platforms hyped it. Fox News gave it a nod. Trump himself made cryptic endorsements, carefully walking the line between official backing and plausible deniability.
But the blockchain doesn’t lie. Wallets tied to early holders offloaded massive amounts as soon as the hype spiked. Once the price crashed, the silence was deafening. No refunds. No explanations. Just thousands of Americans staring at worthless assets while Trump keeps playing golf.
He Floated Reopening Alcatraz. Let’s Hold Him To It.
Trump has, half-jokingly, talked about reopening Alcatraz to house what he calls “the real traitors.” As usual, it was projection disguised as punchline. But maybe—for once—we take him at his word.
Maybe it’s time Alcatraz had a new inmate.
Picture it: Cell Block A, freshly refurbished. The Golden Gate Bridge in the distance. And one man in a gold-plated bathrobe, pacing the floor, wondering how it all came crashing down.
But of course, it hasn’t come crashing down. Not yet. Because the system—broken, timid, and neutered by decades of elite impunity—still refuses to touch the man who’s turned fraud into a form of governance.
We don’t jail con artists anymore. We inaugurate them.
Corruption in Plain Sight
There’s something uniquely dangerous about fraud committed in broad daylight. When a scam hides in the shadows, there’s still shame attached. But when the president does it on a livestream, backed by a chorus of flag-waving loyalists, the message becomes something far darker:
This is the new normal. And if you don’t like it, tough.
Trump doesn’t even bother denying the grift. Why should he? The rules don’t apply to him. They never have. He’s built a political empire on weaponized victimhood and endless projection. And every time he should’ve been disqualified from office—from “Access Hollywood” to inciting a violent insurrection—he’s come back stronger.
Now, he’s turned financial fraud into campaign strategy.
The crypto crash? Just another opportunity to blame the “deep state,” the “fake media,” or whatever new enemy his team dreams up.
What Happens If We Let This Slide?
Let’s be blunt. If the sitting president can help promote a worthless coin, watch it implode, and walk away richer while 764,000 Americans suffer financial harm—and nothing happens—then we’re not a democracy anymore.
We’re a casino. A kleptocracy. A nation run by con men in suits and sycophants in Congress.
The DOJ won’t touch it. The SEC barely breathes in the president’s direction. And the media? They’ll move on in a news cycle or two, just like always.
That’s the real story. Not just the fraud—but the system’s utter, disgraceful refusal to stop it.
Lock Him Up
That chant wasn’t supposed to age well. It was an ugly symbol of Trump’s demagogic rise. But now, ironically, it’s the most logical slogan left.
Lock. Him. Up.
Not because we hate him. Not because we disagree with his politics. But because the man is a walking indictment—and this time, it’s not just contractors or students or voters he’s defrauding. It’s 764,000 regular people who believed the president wouldn’t openly scam them from the highest office in the land.
Alcatraz is still a museum.
Maybe it shouldn’t be.
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