Mrs. Trump is involved in a fraud lawsuit for endorsing the Meme coin MELANIA, suspected of "Pump and Dump".

On October 23, according to Forbes, a meme coin called MELANIA, claiming to be “official” and promoted by First Lady Melania Trump, was launched this January, around the time of President Donald Trump's inauguration. In April, a group of cryptocurrency traders filed a lawsuit alleging that a coalition of developers behind several meme coins, including M3M3, LIBRA, ENRON, and TRUST, implemented a fraudulent scheme involving “Pump and Dump,” manipulating the issuance of coins for personal gain while causing losses for investors. On Tuesday, the plaintiffs updated the lawsuit, claiming that MELANIA was also involved in the fraudulent scheme. The lawsuit does not accuse Melania herself of participating in the fraud but states that she inadvertently endorsed the project and served as a “figurehead.” The plaintiffs emphasized that if the First Lady's team had known that the project was involved in criminal activities, they would have immediately withdrawn any authorization. The White House and the defendant's lawyer have not yet responded to requests for comment.

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