Accused Scamsters Bankrolled Turning Point Event

January 20, 2024 Crime, Republicans

The Daily Beast reports:

When Trump-loving youth group Turning Point USA hosted a four-day extravaganza last month featuring right-wing media’s leading lights, it did so with cash from two groups the feds say bilked millions from elderly Republicans and anti-communist émigrés from China.

The event’s sole “Diamond Sponsor”—reflecting the highest level of support—was Fisher Capital, a precious metals dealer that regulators charged in April 2023 with tricking conservative senior citizens into liquidating their retirement accounts and using the cash to buy gold and silver coins at “grossly inflated prices,” with the enterprise falsely warning its victims that the Federal Reserve or Obama-era regulations would soon sever access to their savings.

In the rank directly below Fisher Capital was the New Federal State of China, an organization co-founded by Bannon and indicted Chinese financier Guo Wengui. Feds assert that Fisher Capital’s scam reaped $30 million, while a larger criminal operation in which the New Federal State of China allegedly took part pilfered upwards of $1 billion. Both Fisher Capital and Guo have disputed the charges.

Read the full article. There’s much more.

Last month’s bash was attended by Junior, Ramaswamy, Lindell, MTG, Gaetz, Cruz, Tucker Carlson, Vaseline Woman, Glenn Beck, Tulsi Gabbard, Alina Habba, and many more.

Wengui, better known here as Steve Bannon’s sugar daddy, is currently jailed and awaiting trial. Turning Point USA is attempting to distance themselves in reaction to the Daily Beast report.



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