Setting a record for profiting off of Government, the Malignant Fascist and his family have raked in hundreds of millions in their sketchy cryptocurrency hustle, much seemingly from shadowy Middle Eastern entities and China. The MF's elder sons are traveling the world looking to hawk their World Liberty Financial crypto tokens to those looking for a quick profit and to show that they're on the MF's "team". From a detailed report from Reuters:
"Eric Trump was in Dubai on family business. Meeting with a Chinese businessman and his associates on the sidelines of a cryptocurrency conference in May this year, the son of U.S. President Donald J. Trump ran through his usual talking points about the inefficiency of traditional banks and his own famous father’s run-ins with financiers.
Then came the pitch. Buy at least $20 million of “governance tokens” in the Trump family’s crypto business, World Liberty Financial, and become part of a venture that Eric Trump predicted would soon embody the future of finance in America, according to a person familiar with the meeting.
To some in that small gathering, the technology Eric Trump’s team described for World Liberty seemed “rudimentary,” the person said. At the time, World Liberty was a fledgling business. It hadn’t yet created the cryptocurrency-based finance platform it promised after its September 2024 launch. It still hasn’t." (our emphasis)
The message seemed to be clear: buy into our crypto tokens and become a part of the MF's "venture" of pay-to-play. After all, who appoints the Federal regulators of business and the cryptocurrency industry but the MF himself? More:
"Even so, the pitch apparently worked. On June 26, an obscure entity called Aqua1 Foundation, which said it was based in the United Arab Emirates, announced it was buying $100 million of cryptocurrency tokens from World Liberty. It was the single largest known purchase of the so-called WLFI tokens at the time.
The Chinese businessman who met with Eric Trump in Dubai was Guren “Bobby” Zhou, who has executive roles in multiple businesses and who is under investigation in Britain for money laundering, according to that nation’s National Crime Agency and a document filed in an immigration case at London's Royal Courts of Justice." (our emphasis)
An alleged money launderer associated with the Trump hustle? We're shocked, shocked! There's much more in the Reuters investigation, including this observation:
" ....the Trump Organization’s income soared 17-fold to $864 million from $51 million a year earlier, according to Reuters calculations based on the president’s official disclosures, property records, financial records released in court cases, crypto trade information and other sources. Of the first-half total, $802 million – more than 90% – came from Trump crypto ventures, including sales of World Liberty tokens." (our emphasis)
Crypto "investors" clearly know they're buying the favor of the vindictive MF in dealings with the Federal government, whether it's regulatory relief, contracts and more. It's the most corrupt use of an elected position one could foresee, if one were in a coma the last 20 years and missed the Trump family's widespread grifting and fraud.
(Photo illustration: Sarah Grillo/Axios. Photo: Anna Moneymaker/Getty Images)
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