Bulwark Takes Steve Bannon Sued Over FJB Coin Scheme
Feb 18, 2026
A deep dive into a lawsuit claiming millions in promised charity fees from a pro-Trump meme coin vanished. They trace how the token was structured, review Discord revelations about frozen wallets, and compare this fundraising flap to past controversial ventures. The conversation also examines political influence, ties to Epstein, and why partisan meme coins often fail.
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Charity Promises Failed Accounting
- The FJB meme coin promised transaction fees would fund conservative charities but failed to provide clear accounting.
- Will Sommer reports investors saw vague donations like a $500 check while millions were allegedly unaccounted for.
How The FJB Coin Unraveled
- Bannon and Boris Epstein bought the FJB coin and marketed it as a new economy with transaction fees.
- Wallets were later frozen and investors report millions missing and funds stuck inside.
Pattern Of Fundraising Controversies
- Steve Bannon has a history of fundraising projects that attracted legal trouble, like Build the Wall.
- Will Sommer frames these recurring ventures as repeated cons culminating in legal consequences.