Corruption "R" Us

The Daily Beast writes...

Trump Family Scores Massive Payday as Company Falls Apart

KA-CHING!

The Trumps made a killing from a partnership with a fintech company—but investors weren’t as lucky.

Julia Ornedo

Jun. 10 2026

Investors have seen steep losses since putting their money on a fintech firm that partnered with a Trump family-backed crypto venture—but the president’s family got the better end of the deal, according to a new report.

ALT5 Sigma, now known as AI Financial Corp., teamed up with the Trump family’s World Liberty Financial last August in a deal that the president’s sons, Donald Jr. and Eric, celebrated with cheery photos at the Nasdaq MarketSite in New York.

Since the 1970s, presidents generally took steps to separate themselves from assets that could create conflicts of interest, often through blind trusts or by holding only broadly diversified investments. Ethics experts have noted that every president from the post-Watergate era through Obama used some form of blind trust, divestment, or conflict-free investment arrangement.

However with Trump, retained ownership of the Trump Organization while president.

Management was transferred primarily to his sons rather than to an independent blind trustee.

Under the deal, ALT5 acquired $1.5 billion in crypto tokens from World Liberty Financial. In turn, President Donald Trump and undisclosed members of his family were entitled to a staggering $500 million in proceeds from the sale, according to WLF disclosures first reported by CNBC.

This has resulted in massive profits for the family!