Senator Gillibrand's son graduated on Sunday. Today it's reported that he's received $30 million in venture capital funding to launch a derivatives exchange

https://fortune.com/2026/06/18/theodore-gillibrand-senator-kirstin-gillibrand-apec-american-perpetuals-exchange-corporation-lux-capital/

How frequent is this?

His mom sat on the Senate Agriculture —which has jurisdiction over derivates — until this past year

299 points · 25 comments · view on lemmy.world

25 Comments

SGGeorwell@lemmy.world · 112 pts · 59d (3 replies)

Then throw her in jail also. We don’t give a fuck. If Dems are corrupt criminals, then they can fuck themselves also. Anyone breaking the law from a position of power should go the fuck to prison.

spacegoat@lemmy.world · 27 pts · 59d

The problem is it’s not illegal

BarbecueCowboy@lemmy.dbzer0.com · 4 pts · 59d (1 reply)

I'm rarely going to fight too hard on throwing any of our politicians in jail, but are there any actual concerns on legality going on here?

Would be nice to see some more regulation here, but this sounds perfectly legal.

Viking_Hippie@lemmy.dbzer0.com · 6 pts · 59d

there any actual concerns on legality going on here?

Yes: many of us are concerned (or fucking furious) about the fact that none of this obviously awful bullshit is even illegal.

Would be nice to see some more regulation here, but this sounds perfectly legal.

That's the main problem, yes.

CharlesDarwin@lemmy.world · 64 pts · 59d (2 replies)

Ugh. Gillibrand is the one that led the charge against Franken.

She can go fuck herself. Same with her privileged son.

Insekticus@aussie.zone · 8 pts · 59d (1 reply)

I think executions are in order, not just autoforniation.

JoMiran@lemmy.ml · 4 pts · 59d

Death by self snu snu!

SatansMaggotyCumFart@piefed.world · 54 pts · 59d (1 reply)

What didn't you guys get thirty million dollars after you graduated from Stanford University?

JoMiran@lemmy.ml · 9 pts · 59d

https://www.youtube.com/watch?v=mqWYm2C39rM&pp=iggUQAFKEEQxMVZfNFpMdDhBZ1hfc0E%3D

TL;DW: Kids get picked at Stamford and given money. It's a thing, and a way for grifters to get early access to people who are likely to have "access" in the future.

grte@lemmy.ca · 34 pts · 59d (1 reply)

No, I'm sure this 22 year old recent grad's startup is worth $300 million. The kid has a strong track record, what's not to believe in?

Jhex@lemmy.world · 35 pts · 59d

Exactly... he started life making the right choice of being born rich; then he continued staying alive and ensuring use of privilege for an uninterrupted period of 22 years!

MrSulu@lemmy.ml · 21 pts · 59d

Damed right, he can now sell stories of being self made an how easy it is!

Mouselemming@sh.itjust.works · 17 pts · 59d (4 replies)

And they say the first million is the hardest...

Viking_Hippie@lemmy.dbzer0.com · 6 pts · 59d

"Who was it that said that the first million is the hardest? Was it Hitler?"

-- Anthony Jeselnik, Thoughts & Prayers

JoMiran@lemmy.ml · 2 pts · 59d (2 replies)

It is, if you are starting from scratch. They also say "money makes money", which is also true. We need a nepobaby saying.

Mouselemming@sh.itjust.works · 2 pts · 59d (1 reply)

"The first million is from Daddy."

-Trump

JoMiran@lemmy.ml · 2 pts · 59d

"The first million is from Daddy."

  • Every fucking nepobaby
ZombieMantis@lemmy.world · 12 pts · 59d

Least corrupt ""'moderate-centrist""' Democrat.

BananaOnionJuice@lemmy.dbzer0.com · 10 pts · 59d

It ain't me, it ain't me
I ain't no senator's son, son

ripcord@lemmy.world · 9 pts · 59d

Pretty frequent. And this is one of the most obvious ways that bribery occurs. There's tons that are harder to see.

lIlIlIlIlIlIl@lemmy.world · 5 pts · 59d (2 replies)

Anyone could just go beat the shit out of her kid at school tomorrow. Anyone could do that

Anyone

sbbq@lemmy.zip · 2 pts · 59d (1 reply)

But he graduated

lIlIlIlIlIlIl@lemmy.world · 3 pts · 59d

Location irrelevant

plyth@feddit.org · 3 pts · 59d

Ivy League is expensive because students become part of a network. He is now part of the network. What else does he need for a startup?

demizerone@lemmy.world · 2 pts · 59d

I'm pretty sure why Joe Rogan got 200 million from Spotify is because he made a deal with the elites. Everyone was saying that show was not worth that much but now he can see all these politicians and billionaires he has on it and then it answers that question. Everything is rigged. It reminds me of that movie skull and Bones as soon as that one character joined The secret society got $100 million dropped into his account.