Wednesday 29 April 2020

No, the White House is not selling coronavirus-themed commemorative coins for $100

Trump happy coronavirusAlex Brandon/AP Photo

  • On Wednesday, the Internet stumbled upon what looked like the White House selling decorative coins commemorating the US' coronavirus response for the price of $100 each, promising to "donate" the proceeds. 
  • Almost immediately, thousands of angry tweeters accused the White House of profiting off the deadly coronavirus crisis, including Sen. Bernie Sanders. 
  • But the supposed "White House Gift Shop" coins aren't made by the White House at all, but by a private, for-profit company that has no connection at all to the federal government. 
  • Talking Points Memo found in 2018 that the White House Gift Shop was initially created in 1946 and run by the Secret Service Uniformed Division Benefit Fund.
  • When the fund shut down in 2013, it transferred ownership of the shop to Gianni Strategic Enterprises, a private company incorporated in Pennsylvania and not affiliated with the White House. 
  • Visit Business Insider's homepage for more stories.

On Wednesday, much of the Internet stumbled upon what looked like the White House selling decorative coins commemorating the US' coronavirus response for the price of $100 each.

A website called whitehousegiftshop.com is currently selling two commemorative coins celebrating "everyday heroes" on the White House coronavirus task force and promising to donate the proceeds to "five major COVID-19 research hospitals." 

See the rest of the story at Business Insider

NOW WATCH: How waste is dealt with on the world's largest cruise ship

See Also:



from Feedburner https://ift.tt/2SmyvTj

No comments:

Post a Comment

Tim Tully taught himself to code at age 6 and still codes daily. Here's how computer science took him from startups to AI investing at Menlo Ventures.

Tim Tully is a partner at Menlo Ventures. Menlo Ventures Tim Tully taught himself to code when he was six and went to school for comput...