ECP NetHappenings Trump’s $10 billion lawsuit against the IRS.

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SHARE THIS if you think more people need to know that Trump’s Department of Justice is in talks to settle Trump’s $10 billion lawsuit against the IRS.
Trump et al v. Internal Revenue Service et al
“The New York Times in September 2020—showed he paid $750 in federal income taxes in 2016 and 2017 and nothing in many other years—Trump dismissed the report as “fake news” and “totally made up”. So why are they settling? He said that was NOT his taxes.

To be clear, there’s nothing new for Bitcoin in the Clarity Act. It will simply continue our right to hold private keys and use the Lightning Network, which are already covered under existing law. The Clarity Act is for cryptoblockchain and dollarcoins.

The President is prohibited from accepting any payments from the US Government other than his salary. Such payments are illegal emoluments according to Art2.1.6 of the Constitution
Art1, S9, C8 prohibits emoluments from foreign powers. Art2, S1 C6 limits compensation of the Pres &
prohibits any other Emolument from the United States or any of them.

Luiza Jarovsky, PhD @LuizaJarovsky
University professors have been saying AI is completely destroying learning and that we’ll soon have an AI-powered, semi-illiterate workforce. Here’s a glimpse into the educational apocalypse:
https://x.com/LuizaJarovsky/status/2052012356046131554/photo/1

 TheRealThelmaJohnson @TheRealThelmaJ1
Elon Musk has taught me that with effort, a strong entreprenueurial spirit, an emerald mine, a lot of exploitation, self-dealing, white privilege, a bad hair transplant, supplemental testosterone, an expired student visa, a charity that gives money to itself, ecstasy, ketamine, weed, cocaine, Ozempic, people loathing you so much they pay you to go away and most of all a sh*tload of government subsidies, you can accomplish whatever you want in America.

Iranian strikes hit 228 military structures of the US, more than the official tally, per WaPo.

MS NOW Exclusive:
The FBI has launched a criminal leak investigation focusing on Atlantic magazine journalist Sarah Fitzpatrick, who wrote that deeply unflattering account of Kash Patel’s work habits.
There is deep concern about this approach among some of the FBI agents.

SCIENCE / HEALTH

@ABC7NY
Health officials announce case of measles in Manhattan; restaurant warns diners of possible exposure. “The most recent case was an unvaccinated adult.” Shocking.
https://7ny.tv/OU8MeJ
This is really bad, but wait until you see what happens in the coming years. The Trump administration has systematically destroyed science in the US, and there are tens of thousands of US scientists who will be looking for work. No doubt China will take them if the US won’t.

Someone managed to get off the cruise ship where hantavirus is spreading and travel home to Switzerland. He has now been confirmed by Swiss authorities to have hantavirus.
Authorities in Switzerland said a man who returned from South America and traveled on a cruise ship hit by a hantavirus outbreak has tested positive for the virus and is receiving treatment.
Sounds like he got off the ship before they had confirmed it was a hantavirus outbreak. But now you’ve got a guy with an illness that has an incubation period of several weeks who just traveled through airports to get home — while infected.
https://apnews.com/article/cruise-ship-hantavirus-andes-strain-south-africa-cb424510bb0c934c781f6bd42ce2e7c8

 

ESSAY

Jeremy @Jeremybtc
A man with no working truck convinced Wall Street he had built the next Tesla. His company hit $30 BILLION. All he did was push it down a hill with no engine.

> Trevor Milton founded Nikola in 2014, named after the same inventor as Tesla.

> The goal was to build hydrogen powered trucks that would make diesel obsolete. He had no trucks.

> In 2018 he released a promotional video called Nikola One In Motion. It showed a sleek semi truck accelerating smoothly down an open highway.
Investors went wild.

> What nobody knew was that the truck had no engine, no fuel cell, and no propulsion system of any kind.

> Milton’s team towed it to the top of a hill, tilted the camera to hide the slope, and let it roll.

> He spent the next four years doing the same thing with words. On podcasts, television and social media.

> Investors were told Nikola could produce its own hydrogen. It could not. They were told the trucks were ready for production. They were not. They were told orders were flooding in. They weren’t.

> In June 2020 Nikola went public. Within days the company was worth $30 BILLION, more than Ford.

> Milton’s personal stake hit $7.3 BILLION overnight.

> A $32.5 MILLION ranch in Utah followed. A record for the state at the time.

> In September 2020 Hindenburg Research published a report calling Nikola “an intricate fraud” built on “an ocean of lies.” Milton resigned within ten days.

> A federal jury convicted him of securities fraud and wire fraud in 2022. Sentenced to four years in prison the following year.

> He never went. He was free on $100 MILLION bail pending appeal.

> He and his wife donated $3.2 MILLION to Donald Trump’s 2024 campaign.

> In March 2025 Trump gave him a full pardon. The pardon erased $168 MILLION in restitution to defrauded shareholders.

> Nikola filed for bankruptcy the following month, leaving thousands of investors with nothing.

The company never had a product. The only thing that was real was the $30 BILLION valuation, the $7 BILLION that landed in his pocket and the pardon that made sure none of it had to be returned.

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