A Chinese national, charged with fraud by the SEC, just sent Donald Trump $18 million
A very disturbing story, just so amazingly corrupt:
"Chinese Crypto entrepreneur Justin Sun paid $6.2 million for a banana — sold by Sotheby's as conceptual art — and then ate it last Friday. The banana is not Sun's most notable recent purchase.
On November 25, Sun purchased $30 million in crypto tokens from World Liberty Financial, a new crypto venture backed by President-elect Donald Trump. Sun said his company, TRON, was committed to "making America great again."
World Liberty Financial planned to sell $300 million worth of crypto tokens, known as WLF, which would value the new company at $1.5 billion. But, before Sun's $30 million purchase, it appeared to be a bust, with only $22 million in tokens sold. Sun now owns more than 55% of purchased tokens.
Sun's decision to buy $30 million in WLF tokens has direct and immediate financial benefits for Trump. A filing by the company in October revealed that "$30 million of initial net protocol revenues" will be "held in a reserve… to cover operating expenses, indemnities, and obligations." After the reserve is met, a company owned by Donald Trump, DT Marks DEFI LLC, will receive "75% of the net protocol revenues.""
https://popular.info/p/a-chinese-national-charged-with-fraud
Not discussed in this piece is the push to use federal dollars to buy up crypto currency as an investment that can be used to pay the federal debt
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