Unpopular Opinion: Trump's Pardon of Trevor Milton is Disgusting.
FULL TRANSCRIPT
again I don't know him but I was uh they
say it was very unfair the pardoning of
Trevor Milton is an absolute disgusting
inexcusable low for Donald Trump they're
not trying to bag on the whole Trump
Administration here but Donald Trump
literally just seconds ago I see the
update right here Reuters Trevor Milton
did nothing wrong Trevor Milton was
treated very very unfairly Donald Trump
that's
we have just witnessed the most
pure nobody knows cronyism better than
Donnie T financial fraud is theft when
you steal from American investors who
want to invest in American companies and
make money and you get a fraud like
Trevor Milton who steals money from them
that person belongs in jail that person
was sentenced to two counts of wire
fraud and one count of Securities fraud
by a federal jury in 2022 the bastard
has been on bail for after being
sentenced to four years in prison he's
been out on bail during his appeal which
is total bull crap because it's let him
sit there and make videos talking about
how he's just
misunderstood we all know all the
investors know what happen happened we
saw Trevor Milton say they had made
breakthroughs in their hydrogen and EV
hybrid technology and that they had
working technology and that hydrogen EVS
were the future in other words part
hydrogen part battery and it was a great
premise this idea that you could in 5
minutes fill up your tank and then keep
going with the battery this sort of
combo was brilliant it was also
brilliant because the pitch was that if
you have hydrogen and EVS you would
actually create the cars which then
induce the demand for fueling hydrogen
vehicles in the first place the premise
was brilliant but then to showcase the
technology rather than telling us that
the technology actually
works they showed us that the technology
works and they're like see look at our
beautiful truck and they show someone
driving a semi TR down a hill it looked
flat turns out only later that we found
out it was on an
incline and the vehicle wasn't actually
running they just rolled it down the
hill which is the now INF famous example
of how to fraud retail investors by
blatantly lying and it's disgusting and
he was sentenced for fraud and convicted
of a 4-year prison sense the guy sold
knowing his fraud was a fraud sold $400
Million worth of Nicola stock while it
was public it just got Dlisted by the
way uh you know they went
bankrupt sold $400 million of Nicola
stock because he knew what he was doing
was perpetrating fraud and now Trevor
Milton uses his $400 million whatever's
left over of it maybe $150 million or
whatever's left after taxes and you know
whatever he's blown his money
on he hired Pam Bond brother Pam Bondi
is the Attorney General of the United
States and Bam wow you have a direct
line to the president and apparently
having a direct line to the president
with
money still buys you freedom in America
what was your reason for pardoning
Trevor
Milton uh highly recommended by many
people that was taken advantage of he
did a business deal like in Utah as I
have it again I don't know him but I was
uh they say it was very unfair they
persecuted they destroyed 5 years of his
life he went forth for 5 years of his
life and he did nothing wrong and he's a
good person and basically I had these
fantastic recommendations uh about him
from people that you know very well all
top-of-the-line people they thought it
was a horrible thing there were there
are many such cases by the way but it's
okay folks all it took was a $1.8
million donation from Milton and his
wife per the Wall Street Journal to the
Trump fundraising campaign in October to
get a pardon and they say the the thing
that he did wrong was he was one of the
first people that supported a gentleman
named Donald Trump for president and
that to me is disgusting it's despicable
it's and it's a
low we have not made America great again
we have just made Securities fraud great
again and it's really nasty because
we're actually seeing a lot of this
happening and I'm very concerned about
this I have not made a video about this
yet I've kind of just been hinting at it
in individual videos because I honestly
I don't think anybody's going to watch a
video about this topic but but it's very
important I actually think the same
thing is going to happen with the
Consumer Financial Protection Bureau you
know the Consumer Financial Protection
Bureau is is and this is coming from the
real estate side of me right you you you
know I have a startup called House act
you know my my bread and butter is real
estate so in uh you know after the 2008
financial crisis where you dead people
were getting loans and people were
getting ripped off with uh you know
balloon payments that they had no
expectations were going to happen or or
were misled that they'd be able to
refinance in 6 months and then they
weren't whatever all this financial
buffoonery that was going on in 2008
that was killed by the Consumer
Financial Protection Bureau The Dodd
Frank act uh truth in lending ability to
repay requirements in other words
lenders have to prove on their license
that you have the ability to repay that
loan
so now all of a sudden dead people can't
get loans anymore which seems like
common sense but when you have an
unregulated and I'm not saying over
regulated I'm saying unregulated when
you have an unregulated Market fraud
takes advantage of people and makes
people lose money and makes people lose
their homes their savings their
livelihoods and it's
wrong meme coins that get rug pulled are
a scam and they're wrong we should have
instead of people you know putting meme
coins together people should do it the
real way get licensed start a real fund
like I started an ETF I started an ETF
at the bottom of the market at the end
of
2022 with hedging we returned over 24
25ish perc you know probably 24 probably
net of fees more like 26% I didn't make
money on it in terms of like actually
owning the fund because the break even
for having a fund is like $40 million in
assets under management uh is a great
learning experience but I closed it just
now at the peak of the market you know
end of end of uh end of February but to
me that was actually a great success you
know we we created a product at the
bottom of the market and we gave people
a bucket of cash right before the market
crashed in March and we said
hey be careful because things are about
to get tough and they did get tough but
the point is that was hard you know it
it took probably a year to create the
fund it probably took
uh uh you know I mean the licensing and
the effort and the regulation and the
stress that goes into it is really hard
and most people aren't cut out for that
they'd rather just create a a you know
meem coin and rug pull people but you
can't do that when you do it the right
way when you do it the right way people
don't lose money people get people have
their assets secured because the money
and securities are deposited at Banks
it's not even possible to rug pull it
because you don't have access to it
right so you know there's in my opinion
there's a right way
to do finance and then there's a scam
way and unfortunately there are just a
lot of scams I think you know rug
pulling meme coins and there's no reason
the President should be touching meme
coins or even associating himself or his
wife with them is wrong uh and that's
not to be anti- crypto uh you know if if
you want exposure to crypto that's fine
but I think weakening Financial
regulations uh and dismantling the sec's
involved
uh in against fraud and and discrediting
you know this fraud uh uh success
against uh Milton is disgusting and it
really weakens the backbone of what
we're setting up for and I'm not talking
about the next recession we could have a
recession within the next 6 to 12 months
we probably will but we'll come out of
that recession and we'll grow out of
that recession but what will happen is
we'll actually probably bubble into the
next like through the next cycle will
really bubble up because fraud will be
eligible to run rampant
again you know disgusting lending
practices will come back and it's scary
because a lot of people in the future
the longer term 10 15 years will feel
the consequences of the gutting of the
Consumer Financial Protection Bureau the
potential ending of truth and lending
the potential privatizing of Fanny
Freddy and and then the death of the
conventional mortgage those things are
all possible um uh and so I don't I
don't know what all the outcomes are
going to be but I wanted to have sort of
this just my sort of opinion uh on on
what I'm seeing and uh you know again
I'm not trying to like paint the whole
Trump Administration as this I'm just
telling you this Trevor Milton thing is
disgusting and it's a low I think
gutting the cfpb is a big mistake and I
think meme coin rug Poes are disgusting
it shouldn't be
legal but it's it's worse now because
not only those things becoming legal
you're basically a condoning those
things so you're encouraging more of it
and the second thing you're doing is
you're condoning more corruption in the
government by basically saying hey if
you get into the doodo just make sure
you donate to your favorite politician
because they'll take care of you that is
literally the definition of cronyism and
the rich get richer and everybody else
pays for it like all of the retail
shareholders who got scammed by Nicola
they are are the ones who are now paying
for Trevor Milton to sit in a Utah
mansion with 400 million bucks of of
profits all of the people who lost money
on that stock because of his lie and his
fraud are paying for that
scumbag and Donald Trump said Trevor
Milton did nothing wrong what are you
smoking Trump do you even know who
Trevor Milton was did you know anything
about Trevor Milton 24 hours ago I would
put money on it that you knew nothing
about Trevor Milton 24 hours ago and you
were told by Pam Bondi he's a good man a
religious man a republican he's a donor
take care of him he did nothing wrong he
was abused by the system why
not advertise these things that you told
us here I feel like nobody else knows
about this we we'll try a little
advertising and see how it goes
congratulations man you have done so
much people love you people look up to
you Kevin PA there financial analyst and
YouTuber meet Kevin always great to get
your take
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