Jess Sessions, the US attorney general, had been fired by Donald Trump this month. However, the acting US attorney general, Matthew G Whitaker, who has been appointed to replace Sessions, is already under scrutiny, due to his association with Time Travel X, a “theoretical time travel commodity tied directly to the price of Bitcoin.”
The Federal Trade Commission, an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act, shut down Time Travel X, a product of World Patent Marketing, in 2017 with a fine of 26 million USD.
The company, whose primary aim was the promotion of consumer protection, and getting rid of coercive monopoly and such other anti-competitive business practices. It was launched as “a technology, an investment vehicle and a community of users.”
FBI has now taken up the investigation of both the company and Whitaker, to examine the connections he had with the company which is one of the many products of World Patent Marketing, that has ultimately turned out to be fraudulent. They had been marketing the company with the idea that time travel would indeed be possible in the matter of a few years, “perhaps within the next decade.” They had also tried to raise funds so that Bitcoin could be used for research regarding time travel, which allegedly would allow users to “relive moments from your past” or “visit your future.” They had also managed to defraud customers of millions of dollars, with fake patent contracts.
According to the Wall Street Journal, Whitaker had apparently paid USD 9,375 for a position as a member on the company’s advisory board, while the Washington Post claims that Whittaker even declined to heed a subpoena from the FTC, October 2017 asking for any personal records relating to his time as an adviser for the company. The Washington Post has cited a Justice Department (DoJ) statement that reads
“…acting Attorney General Matt Whitaker has said he was not aware of any fraudulent activity. Any stories suggesting otherwise are false”.