On Tuesday, Cawthorn made a media splash when he was cited for having a gun at Charlotte Douglas International Airport. According to the Transportation Security Administration, a 9 mm handgun was discovered in a bag that police confirmed belonged to Cawthorn, reported WSOC-TV.
…at a security screening checkpoint. Responding CMPD officers identified the owner of the bag containing the firearm as David Madison Cawthorn DOB: 08/01/1995. Mr. Cawthorn stated that the firearm was his and he was cooperative with the CMPD officers. (2/5)
— CMPD News (@CMPD) April 26, 2022
Police said Cawthorn cooperated throughout the incident and was cited for possession of a dangerous weapon on city property. Cawthorn was previously found in possession of a handgun at an Asheville airport in February 2021 and faced no criminal charges.
When he wasn’t packing pistols at airports, Cawthorn managed to make headlines again this week for allegedly participating in an insider trading scheme.
Cawthorn is said to have used undisclosed information about an impending sponsorship deal between NASCAR driver Brandon Brown and LGBCoin cryptocurrency to pump-and-dump the stock, which he owns, reported the Washington Examiner.
“LGB legends. … Tomorrow we go to the moon!” Cawthorn posted on Instagram last December in response to a picture from James Koutoulas, a hedge fund manager and pointman of the Let’s Go Brandon cryptocurrency.
Sure enough, after the NASCAR announcement was made public the following day, LGBCoin’s value soared, spiking nearly 75 percent, the Examiner reported.
It didn’t last long. After NASCAR rejected the sponsorship and large holders of LGBCoin simultaneously dumped their shares, its market value had collapsed by January to $0.
A class-action lawsuit followed and while Cawthorn wasn’t a defendant, his celebrity endorsement of the coin was referenced as helping to inflate LGBCoin’s value. Cawthorn was featured in at least one Instagram post with Koutoulas, touting the coin.
— James Koutoulas (@jameskoutoulas) December 5, 2021
Cawthorn’s own statements about owning the stock and his pre-deal Instagram post warrants a Justice Department investigation, political pontificators told the Examiner.
If Cawthorn had undisclosed information about the NASCAR deal prior to its launch, that could be considered insider trading, a federal crime, said Craig Holman, a lobbyist for the left-leaning Public Citizen.
“I think there’s probably a strong case here,” said Dylan Hedtler-Gaudette with the far-leftist Project on Government Oversight.
“I don’t want to prejudge, but based on everything that’s out there, I think there is a very strong possibility that if someone is going to investigate this, they’re going to find something.”
The hypocrisy of leftists coming after Cawthorn wasn’t lost on the Gateway Pundit.
“The fangs are out” for Cawthorn, it noted. “But Nancy Pelosi is famous for her family’s deal-making and insider trading and faces no repercussions.”
“We are a free-market economy and they should be able to participate in that,” Pelosi said.