Steve Bannon and Boris Epshteyn, longtime allies of Trump, are facing a class-action lawsuit filed by Missouri investor Andrew Barr. The lawsuit, filed in a Washington federal court, accuses Bannon, Epshteyn, and their media companies of defrauding investors through the sale of unregistered cryptocurrencies, specifically the "Let's Go Brandon Coin" ($FJB), later renamed "Patriot Pay" ($PPY). The suit alleges that the defendants used their influence to promote these tokens, leading to significant investor losses, including Barr's personal loss of over $58,000. The complaint highlights that trading of the tokens was suspended in early 2025, with a promise to distribute remaining liquidity, which has not yet been fulfilled. The plaintiffs are seeking damages for thousands of retail investors, claiming violations of securities and consumer protection laws due to concealed risks and governance issues associated with the tokens.
Trump Allies Bannon and Epshteyn Sued Over Patriot Pay Token Fraud
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