SEC probes World Liberty Financial partners

[zasad@]

Trump’s $1.5B Crypto Partner Rocked by SEC Allegations as Alt5 Sigma Shares Plunge
https://www.tipranks.com/news/trumps-1-5b-crypto-partner-rocked-by-sec-allegations-as-alt5-sigma-shares-plunge
"Trump’s new crypto venture is already facing turbulence. Reports surfaced this week that Alt5 Sigma, a Nasdaq-listed company that committed $1.5 billion to Trump-backed World Liberty Financial (WLFI), is under investigation by the U.S. Securities and Exchange Commission (SEC). The claims focus on alleged inflated earnings and questionable insider share sales. However, Alt5 Sigma quickly denied the allegations, calling the reports inaccurate.

Reports Link Alt5 Sigma to SEC Probe

According to The Information, the SEC is said to be looking into Alt5 Sigma’s president, Jon Isaac, over accusations that profits were inflated and shares were sold during a surge in price. This kind of activity can raise red flags, since it suggests insider trading or stock manipulation.


But the key point is that the SEC itself has not confirmed any investigation. There has been no official filing, lawsuit, or enforcement action announced. For now, the claims remain based on media reports rather than public records from regulators.
"

[HawkTrader]

Well, the financial market is always filled with news and rumours like this everyday but one thing I do know is that with World Liberty Financial listing a crypto token today, eyebrows will be raised as investors seeks to profit from the listing on several exchanges and liquidity is strong across top T1 exchanges like nance, BG and others.

Heard presale and public sale investors are already in 15x profit post-listing buying at $0.02 and listing at $0.4 today after a long wait

[zasad@]

https://cointelegraph.com/news/developer-trump-wlfi-stealing-tokens
‘Scam of all scams’: Crypto dev claims Trump-linked WLFI ‘stole’ his money

https://x.com/bitfalls/status/1964213177245159656
"Bruno Skvorc
@bitfallsI just got a reply from @worldlibertyfi. TLDR is, they stole my money, and because it's the @POTUS family, I can't do anything about it.
This is the new age mafia. There is no one to complain to, no one to argue with, no one to sue. It just... is.
@zachxbt THIS is the scam of all scams."

[Majestic-milf]

 There are no so many complaints from users that their tokens have been frozen and yet it looks like the explanation being given for their actions isn't adding up. Okay, let's say for Bruce's case, there was a transaction he conducted using Tornado mixer and had links with Garantex and Netex which have both being sanctioned, what then can they say for Tron's founder, Justin Sun's case? It all just seems like there needs to be a proper investigation carried out cause these investors need to be able to access their tokens but freezing their funds without due explanation doesn't look well for them.

[safar1980]

Eric Trump Removed From Board Role After Firm Consults Nasdaq

A Trump Organization-backed crypto deal was quietly revised weeks after it was announced, with Eric Trump no longer joining the board of fintech firm Alt5 Sigma as initially planned, following the firm’s consultation with Nasdaq—though the company did not explain why.

[Majestic-milf]

Eric Trump Removed From Board Role After Firm Consults Nasdaq

A Trump Organization-backed crypto deal was quietly revised weeks after it was announced, with Eric Trump no longer joining the board of fintech firm Alt5 Sigma as initially planned, following the firm’s consultation with Nasdaq—though the company did not explain why.

Well there is something fishy about Eric's removal as member of the board and "relegated" to being an observer. The question is why didn't Nasdaq realize this early on before it got to public notice but all of a sudden decided to play by the book after he was included. This news would surely make tongues wag.

[zasad@]

Eric Trump Removed From Board Role After Firm Consults Nasdaq

A Trump Organization-backed crypto deal was quietly revised weeks after it was announced, with Eric Trump no longer joining the board of fintech firm Alt5 Sigma as initially planned, following the firm’s consultation with Nasdaq—though the company did not explain why.

There is no point in even commenting on this. If you are on the board of directors of a company, then you have legal responsibility and you can be accused of a conflict of interest. If you are an observer, then I am sure that there is no legal responsibility, or it is minimal and certainly does not threaten criminal prosecution in the future.

[NotATether]

LOL good luck with that.

I don't think the US government has ever investigated itself.

The way this sounds like, is that this "investor company" is probably just part of WLFI itself, and since WLFI has strong ties to Trump, who is president right now, and thus is above the SEC, then what exactly do they think they are trying to accomplish here?

It doesn't make any sense.

[Curious T]

The way this sounds like, is that this "investor company" is probably just part of WLFI itself, and since WLFI has strong ties to Trump, who is president right now, and thus is above the SEC, then what exactly do they think they are trying to accomplish here?

This is exactly what I thought. Trump owns 70% of the company, and other members of his family own the remaining, so what exactly is the SEC going to do about it? There have been no official statements, no lawsuit, and there will be none. All we will hear about it is from the media, and it will always be "allegedly".

[zasad@]

The way this sounds like, is that this "investor company" is probably just part of WLFI itself, and since WLFI has strong ties to Trump, who is president right now, and thus is above the SEC, then what exactly do they think they are trying to accomplish here?

This is exactly what I thought. Trump owns 70% of the company, and other members of his family own the remaining, so what exactly is the SEC going to do about it? There have been no official statements, no lawsuit, and there will be none. All we will hear about it is from the media, and it will always be "allegedly".

Trump now has enormous powers, but he will not be president forever. Unless Trump's son runs for office Eric Trump can run for office under US law, he is over 35 years old.
We can only watch this and I do not recommend anyone to buy these tokens, unless you are a professional and understand all the risks.

[zasad@]

Justin Sun sees $60M decline in locked World Liberty tokens
https://www.msn.com/en-us/money/markets/justin-sun-sees-60m-decline-in-locked-world-liberty-tokens/ar-AA1SSz6o
"Justin Sun, founder of the TRON blockchain, has lost about $60 million in value over the past three months, according to the latest blockchain analytics, as the crypto entrepreneur remains blacklisted by the project that froze his holdings.

A few months ago, World Liberty Financial (WLFI) blacklisted 272 wallets, citing broad security concerns following suspected phishing and suspicious activity. Among those addresses was one linked to Sun, an early backer of the project.

The WLFI token contract blacklisted an address linked to Sun, freezing WLFI at the address and stopping him from sending or receiving the tokens. During the same period, Sun challenged the blacklisting, maintaining that he had committed no wrongdoing."