Donald Trump’s Acting US Attorney General Faces Fire for Allegedly-Backing a Crypto Scam ‘World Patent Marketing’
Acting Attorney General of US Backed Alleged Scam Crypto That Promised Time Travel And Toilet For the “Well-Endowed”
Some hilarious news involving Matthew G. Whitaker, the acting U. S. Attorney General, happened recently. After backing an alleged crypto scam that would create time travel devices and a “Masculine Toilet” for “well-endowed” people, the AG has come under fire for associating himself with such weird and doubtful products. This story was originally reported by Mother Jones.
It all goes back to November 2014, when Whitaker, a former Iowa US Attorney and current AG of the U. S., backed a Miami-based firm called World Patent Marketing. At first look, it appears to be a normal investment, however, when digging a little deeper not only does it looks like the company was actually a scam, it offered simply ludicrous products.
One these products was a masculine toilet which was specially designed to help “well-endowed men” to avoid unwanted contact with either the porcelain or the water. Not only did he back the company, but the man has also been a part of the advisory board.
Just last week, the President of the United States Donald Trump, named Whitaker as the acting AG of the country. However, since he was appointed, Whitaker’s background has come under more scrutiny and it looks like the new AG has a very sketchy past.
Another product that was promoted by the company, was a “theoretical time travel commodity tied directly to the price of Bitcoin”. Yes, you read it, a time travel crypto. It doesn’t get any weirder than that.
The product, which was probably taken out of an episode of Doctor Who, was called Time Travel X and was marketed as crypto technology. However, you may be surprised, or not, but the product was never actually finished.
It doesn’t stop there. The company has also pitched Sasquatch dolls and promoted them with a video claiming that DNA evidence collected in 2013 proved that the Bigfoot does exist. Really.
Federal Authorities Accuse Company of Being a Scam
You will probably not be slightly surprised to know that World Patent Marketing was defined as a scam by the federal authorities. Who would say that time travel products do not exist, huh? A federal judge shut the company down last year and fined it for $26 million USD after the Federal Trade Commission found out that the company has made clients lost millions of dollars.
The Wall Street Journal has reported that even the FBI investigated the company back then because they were charging the clients based on very phony promises of lucrative patents.
World Patent Marketing had a former presidential candidate of the Central Africa Republic and a martial artist from Israel within its board. The company has marketed very dubious products from 2014 to 2016.
Whitaker was not been passive while he was a board member of the company, though. He defended the company against critics, solicited new business and even appeared at one promotional video for the company. He did not even return the payments that he received from the company after it was shut down by the federal government.
While the whole case is very funny, it had serious political implications, as Whitaker has the mission to investigate the alleged meddling of Russia within the past U. S. Presidential Election of 2016 and his past is far from being very good and clear.
Democrats are pushing him to recuse the investigation and some critics even argue that Trump acted illegally as it would be unconstitutional naming Whitaker, rather than Deputy Attorney General od Rosentein, which acts as the department head.
There is also the clear issue of naming someone that defended such a ludicrously shady company in the past as the top law enforcement official in the country. Even with Witaker denying any knowledge of fraud in the company, public records show that he was very aggressive when marketing the company, which was even accused of trying to patent a sandwich.
As a result of the whole issue, four Democrats have already tried to start an investigation on Whitaker’s involvement in the firm.
Implications For The Crypto World
Well, this will not really impact the market. While this is a very serious political issue for the current president of the United States, it will hardly make a splash in the crypto market. The company was, quite frankly, a joke, and it was shut down before even Bitcoin rose to the top, so, for us, it’s just a funny story. Too bad for its harsh political implications, though.