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- [00:01]
Lululemon Representative
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- [00:31]
Ryan Reynolds
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- [00:42]
T-Mobile Representative
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- [00:50]
Auctioneer
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- [00:51]
Ryan Reynolds
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- [00:55]
Advertiser
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- [01:03]
T-Mobile Representative
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- [01:08]
Auctioneer
Plus right now you can switch keep.
- [01:10]
T-Mobile Representative
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- [01:22]
Political Commentator
Via virtual prepaid card. Allow 15 days qualifying unlocked device credit service ported 90 plus days with device ineligible carrier and timely redemption required. Card has no cash access and expires in six months. So let's talk about Donald Trump just naming Kelly Loeffler as his Secretary of Agriculture. She used to be a senator from Georgia. She was actually appointed in that position by Georgia Governor Brian Kemp. She lost back in was it the 2020, 2021 election period to Raphael Warnock, the current Democratic senator of Georgia? Okay. She is the wife of J.E. spreadsher. He owns a company called ICE, which is the International or the Intercontinental Exchange, which is the parent company of the New York Stock Exchange. And Kelly Loeffler really made her money, her marrying into massive wealth with Jeffrey Spretcher. But her parents were farmers. They were big agriculture subsidy recipients, which is interesting because on the other hand, Donald Trump's head of hat, HHS Health and Human Services, RFK Jr. Kind of rails against Big Ag. So, you know, it'll be interesting to see that tension there. Let's explore Kelly Lefler's background here. Let's talk about her parents for a second. Don and Linda Lefler, Kelly's parents, lifelong corn and soybean farmers. Don also ran a trucking business that moved farm equipment since 1995. Her dad, Don, received $1.2 million in government funds for crop subsidies and her mom, Linda received $214,000. You know, her brother, also Brian has received subsidies, about 1.3 million in benefits. Brian has received more subsidies than anyone in Stanford, Illinois. And then after her marriage, Molly Lefler began to receive farm subsidies after her marriage to Brian, Kelly's brother, and she received subsidies in the amount of $671,000. So lots of government subsidies there. It's interesting because during COVID Kelly Lefler railed against people in her own state, getting an extra 600 bucks when you go and explore Leffler's background as well. She's the former CEO of a crypto company called Bakt B A kkt, which is a subsidiary of her husband's company, Intercontinental Exchange, or ice. And what's interesting right now is that Bach B A K T recently announced that it would be selling itself to Trump Media, the parent company of Truth Social, right before the announcement of Trump appointing Loeffler as Secretary of Agriculture. Kelly Loeffler also was one of the biggest fundraisers for Donald Trump this cycle. Here was the article about Bakked being sold to Trump Media and that caused the stock price of both Bakked and Trump Media to increase significantly. Trump Media is in advance talks to buy the cryptocurrency trading firm Bakked, the Financial Times reported Monday, citing two people with with knowledge of the talks. The news send shares of both companies soaring. Trump Media, which is majority owned by Trump, shot up by double digits minutes after the Financial Times reported this. And then it says shares of Bach, which was created by Intercontinental Exchange. Leffler's husband, the owner of the New York Stocks stock exchange, skyrocketed more than 162% among repeated halts due to volatility. Kelly Loffler, a previous CEO of Bachelor, is the co chair of Donald Trump's inauguration committee. Loeffler, who is married to Intercontinental Exchange CEO Jeffrey Spreadsher, left as box top executive in 2019 when Georgia Governor Brian Kemp appointed her to the US Senate seat vacated at that time. And then she lost when she was running against Raphael Warnock. Here was an important moment during that debate with Warnock. We know that Kelly Lefler's family have accepted, I read that over $3.2 million in farm subsidies from the government. Meanwhile, she said it would be counterproductive to give Georgians $600 of relief. So why would it be counterproductive to help ordinary Georgians in the Middle of the pandemic.
- [06:20]
Auctioneer
Here it is, right here regarding the coronavirus pandemic. You dumped millions of dollars of stock in order to protect your own investments. And then weeks later, when there came an opportunity to give ordinary Georgians an extra $600 of relief, you said you saw no need and called it counterproductive. Why do you think it's counterproductive to help ordinary Georgians in the middle of a pandemic?
- [06:46]
Political Commentator
Notably also Donald Trump's former attorney general pick, Matt Gaetz, who withdrew his name after additional details about the child sex trafficking investigation into him surfaced. We have him on videotape attacking Kelly Loeffler by basically saying that her husband bought that Senate seat for her. And he calls it a reverse dowry. Here, play this clip.
- [07:12]
T-Mobile Representative
Now, I understand. I understand that Kelly Loeffler has a lot of money. I say she has a lot of money. I think we all know what's really going on there. A seat in the United States Senate should not be a reverse dowry paid in the greatest country in the world.
- [07:31]
Political Commentator
Here's some other data points we have on Kelly Loeffler as well that I think is notable. The companies that she's led have had to pay like $8 million fines for compliance failures. She was implicated in an insider trading scam based on her position. And there was a lot of calls on for a criminal investigation. The Department of Justice was either contemplating or had began a criminal investigation into Kelly Loeffler, you know, around that kind of 2020 time period for potential insider trading. And then her husband gave a million dollar donation to the Trump political action Committee. And then they stopped the criminal investigation at or around that time.
- [08:19]
Ryan Reynolds
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- [09:47]
Political Commentator
This was a video that we put out around that time about Kelly Leffler. It was called Looting Leffler and all we did here was put clips of reporting, including reporting by Fox at this time who was going after Kelly Lefler at this time. Here, play this clip.
- [10:04]
News Anchor
One senator in particular irks me. A Senator Kelly Loeffler, not elected, but appointed just a couple months ago.
- [10:13]
Ryan Reynolds
Records show Loeffler and her husband, whose company owns the US stock exchange, sold stock valued between 1.3 and $3.1 million.
- [10:22]
Advertiser
Kelly Loeffler bought and sold stock shortly after a classified briefing on the virus.
- [10:27]
News Anchor
They knew the market was going to tank and they sold. Based on that inside information, some of.
- [10:32]
Political Commentator
The holdings she shed were in energy, automotive, retail and airlines.
- [10:36]
News Anchor
Look, Marie, it's not just what she sold, but it's actually what she bought. They bought things like Amazon, Citrix Systems company that obviously was going to do.
- [10:43]
Advertiser
Well during a shutdown while still reassuring citizens that the US Was prepared.
- [10:48]
T-Mobile Representative
We have Americans across the country who have seen their 401ks plummet. Were you trading on inside information about what was coming?
- [10:54]
News Anchor
Folks, this woman is knee deep in the swamp and she just got there.
- [10:59]
Political Commentator
Apparently our use of that video, when we put it out in 2020, inspired Kelly Leffler's lawyers to claim that the that the video makes several false, misleading and ostentatious claims, it inaccurately has a voiceover that Kelly Leffler bought and sold stock shortly after a classified briefing on the coronavirus. Immediately after the ad proclaims that Kelly Leffler and her husband that they knew the market was going to tank and they sold on that inside information. Perhaps most outrageously, the advertisement edits together footage from an interview that falsely makes it appear that Loeffler was nodding her head yes in response to a question from an interviewer asking, were you trading on inside information about what was Coming at the conclusion of the advertisement, the on screen text reads, fire, looting. Leffler. Not only are these claims demonstrably false, they are intended not just to mislead your viewers, but indeed to lie to them. In fact, despite the shiny graphics and snide voiceover that the Midas Touch uses to make these unfounded and sensationalist claims, there is simply no truth to them. So I want to give you fair, I want to give you their perspective that they deny all the things they say. All trades and other decisions are managed by multiple third, third party advisors without Leffler's knowledge or, or involvement. But as you saw from that, I mean, we're just using what Fox News was saying at the time. Judge Jeanine Pirro was saying, here's the report. This one's a funny one. This one goes back to November 2020. This is Michael Popok right here. And here's what Popok said. This is 20 20. Michael Popak reporting on Leffler. Play this clip.
- [12:45]
Legal Analyst
Recently, the Department of Justice and the securities and Exchange Commission decided to drop insider trading charges against Senator Kelly Locked of Georgia. That decision only happened after her husband, the head of the New York Stock Exchange, made a $1 million donation to a super PAC that is in favor of Trump. He makes a donation for $1 million, the largest donation he's ever made in political history. A month later, the investigation against his senator wife is dropped. The American people suffered tremendously with the drop in the stock market and the closure of Main street businesses starting in March. Senator Loeffler obtained insider confidential information about the COVID crisis In January of 2020, three months before the rest of the public learned of the extent of the virus and its impact. The new Biden administration must continue the investigation and the prosecution.
- [13:44]
Political Commentator
And here was another report here that we did back on December 3, 2020 on Kelly Loeffler. Here, play this clip.
- [13:51]
Advertiser
Oh, goody. Senator Kelly Loeffler has a new ad she's running in Georgia.
- [13:55]
Lululemon Representative
We need someone who understands how, what.
- [13:57]
Advertiser
It feels like waiting on that paycheck. Waiting on a paycheck. Okay, this isn't an exaggeration. She is literally the richest person in the Senate. She's worth half a billion dollars and her husband owns the New York Stock Exchange. Hell, she lives here.
- [14:14]
News Anchor
The place probably has its own zip code.
- [14:16]
Advertiser
And while Kelly campaigned in Ikea to look like a woman of the people, she actually owns a private jet purchased after the Trump tax bill added a new write off for private jets because Washington works for rich people. When rich people run Washington, this is why it is so important we vote for people who actually represent us, not another rich opportunist looking for tax breaks and stock tips.
- [14:40]
Political Commentator
That should also be noted now as Donald Trump's cabinet takes shape. You have Howard Lutnick, the Commerce secretary, net worth $2 billion. You have Linda McMahon, education secretary, net worth $3.2 billion. Kelly Loeffler, agriculture secretary, net worth 800 million. Elon Musk, the head of the made up Doge committee, net worth 315 billion. Vivek Ramaswamy, Doge, net worth 906 million. You have Doug Burgum, Interior Secretary, 1.1 billion. Dr. Oz, who's going to be running Medicare and Medicaid, net worth, who's previously called for privatizing it, net worth 200 million. Then you have Chris Wright, energy, net worth 150 million, right there. I'll leave you with this because here, Kelly Lefler, this was after January 6th. She was originally going to object to the election and then after the insurrectionist storm the Capitol. Let me just show you what she said so you can see how in my, this is again, this is my opinion, how morally kind of malleable, you know, she is here. Play this clip.
- [16:00]
Kelly Loeffler
Mr. President, when I arrived in Washington this morning, I fully intended to object to the certification of the electoral votes. However, the events that have transpired today have forced me to reconsider and I cannot now in good conscience object to the certification of these electors. The violence, the lawlessness and siege of the halls of Congress are abhorrent and stand as a direct attack on the very institution. My objective, my objection was intended to protect the sanctity of the ability American democratic process. And I thank law enforcement for keeping us safe. I believe that there were last minute changes to the November 2020 election process and serious irregularities that resulted in too many Americans losing confidence not only in the integrity of our elections, but in the power of the ballot as a tool of democracy. Too many Americans are frustrated at what they see as an unfair system. Nevertheless, there is no excuse for the events that took place in these chambers today. And I pray that America never suffers such a dark day again. Though the fate of this vote is clear, the future of the American people's faith in the core institution of this democracy remains uncertain. We as a body must turn our focus to protecting the integrity of our elections and restoring every American's faith that their voice, their voice and their vote matters. America is a divided country with serious differences, but it is still the greatest country on earth. There can be no disagreement that upholding democracy is the only path to preserving our republic. I yield the floor.
- [17:50]
Political Commentator
Well, there you have it. Donald Trump's pick, Secretary of Agriculture. Let me know what you think. Hit subscribe let's get to 4 million subscribers together.
- [17:58]
Ryan Reynolds
Love this video. Make sure you stay up to date on the latest breaking news and all things Midas by signing up to the Midas touch newsletter@midastouch.com newsletter.