Trump family 'made $500 million from crypto coin deal' -- before the bottom fell out on individual investors [View all]
Source: Yahoo! News/The Independent
Tue, 9 June 2026 at 5:27 pm
President Donald Trump and members of his family reaped about $500 million from the sale of $1.5 billion in cryptocurrency to a company that's since seen its stock price plummet — and left investors holding the bag, according to a report Monday.
Less than a year after Trump sons Don Jr. and Eric rang the Nasdaq opening bell to celebrate the crypto deal with Alt5 Sigma, the company — since renamed AI Financial Corp. — faces removal from the exchange if its shares don't rise above penny-stock levels in the next 15 trading days, and it's warned investors it may go out of business, CNBC said.
Shares in the company were trading at 68 cents each on Tuesday, down 93 percent from a year earlier and just above its 52-week low of 63 cents. The situation led the anti-Trump Democracy Defenders Fund to call in April for a probe by the Securities and Exchange Commission, with chief anti-corruption counsel Virginia Canter telling CNBC, "The question is now: What happened to all that money?"
Former New Jersey Attorney General Matthew Platkin, who reviewed the matter with Democracy Defenders, said he saw "all the indicators that normally raise significant concerns among regulators." "This are serious red flags with this company that warrant investigation," Platkin told CNBC.
Read more: https://uk.news.yahoo.com/trump-family-made-500-million-194450933.html
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