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Trump’s Head Lawmaker Under Fire for Bitcoin Time Travel Role

Acting US attorney general Matthew G Whitaker, appointed to replace the outgoing Jess Sessions fired by President Trump this month, is already under the microscope due to his association with Time Travel X, a “theoretical time travel commodity tied directly to the price of Bitcoin”.

Time Travel X was a product of World Patent Marketing, which was shut down in 2017 and fined USD 26 million after an investigation by the Federal Trade Commission (FTC). The Federal Trade Commission is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act. Its principal mission is the promotion of consumer protection and the elimination and prevention of anti-competitive business practices, such as coercive monopoly.

The company is now being investigated by the FBI and Whittaker is being examined himself for any connections he had with the company. The crypto-related product Time Travel X is one of many inventions marketed by World Patent Marketing which has been identified as a scam. It never actually got off the ground but was launched as “a technology, an investment vehicle and a community of users”.

World Patent Marketing Asserted that time travel could be “possible, perhaps within the next decade” and attempted to raise funds in order to use Bitcoin for time-travel research carried out by one of Whitaker’s fellow board members, promising users might “relive moments from your past” or “visit your future”.

The products marketed by World Patent Marketing are thought to have fooled its inventor clients with bogus patent contracts, and subsequently defrauded consumers out of millions of dollars. The Wall St Journal has suggested that Whittaker was paid USD 9,375 for a position on the company’s advisory board, monies that he hasn’t returned despite legal proceedings against the company. The Washington Post claims that Whittaker even spurned an October 2017 subpoena from the FTC asking for any personal records relating to his time as an adviser for the company.

The Washington Post has cited a Justice Department (DoJ) statement reading that “acting Attorney General Matt Whitaker has said he was not aware of any fraudulent activity. Any stories suggesting otherwise are false”.

 

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