Two longtime Trump allies face class-action lawsuit from investors over Patriot Pay tokens.

PANews reported on February 14 that, according to Reuters, Missouri investor Andrew Barr filed a class-action lawsuit in a Washington federal court, accusing longtime Trump allies Steve Bannon, Boris Epshteyn, and Bannon's media companies "War Room," Let's Go Brandon Coin LLC, and Patriot Pay LLC of defrauding thousands of investors by selling unregistered cryptocurrencies.

The lawsuit alleges that Bannon and Epshteyn used their public platforms and political influence to promote a token initially named "Let's Go Brandon Coin" ($FJB), later renamed "Patriot Pay" ($PPY), inducing investors to purchase "unregistered and highly speculative assets." The plaintiff claims personal losses exceeding $58,000 and accuses the defendants of concealing token risks and governance issues, violating securities and consumer protection laws. The complaint states that the defendants completely suspended trading in early 2025, announced the project's closure, and promised to distribute remaining liquidity, but this distribution has not yet occurred. The plaintiffs are seeking damages on behalf of thousands of retail investors nationwide.