(Illustration: Luna Velez / POGO) |
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Last August, World Liberty Financial, a Trump family cryptocurrency venture, struck a deal with a publicly traded company called Alt5 Sigma. That deal would come under fire in a previously unreported shareholder lawsuit against Alt5 that alleged “illegality,” “unjust enrichment,” and “avarice.” The arrangement between the two businesses netted President Donald Trump and his family an estimated $500 million, a major chunk of Trump’s $1.4 billion in crypto-related income last year. In the months following the deal, Alt5’s stock price tanked by more than 90%. |
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