Trump Family Nets Half-Billion Windfall as Alt5 Saga Unravels
TL;DR
The Trump family was poised to receive about $500 million in proceeds from ALT5 Sigma’s deal with World Liberty Financial, while ALT5’s stock plummeted (down roughly 90% from about $9 to $0.66) and Nasdaq delisting looms unless prices recover; Eric Trump has distanced himself from ALT5 amid broader turmoil in the Trump-linked crypto ventures, and lawmakers have pressed for investigations into the deals and profits connected to the Trump brand.
Topics:businesspolitics#alt5-sigma#donald-j-trump#donald-trump-jr#eric-trump#politics#world-liberty-financial
- Trump Family Scores Massive Payday as Company Falls Apart The Daily Beast
- Trump family got about $500M from crypto venture — but investors saw steep losses CNBC
- The controversial deal feeding the Trump family’s biggest money-maker SMH.com.au
- Under the Trump crypto playbook, the family always wins. Investors don’t Reuters
- Opinion | The sad truth about Trump’s crypto windfall MS NOW
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