Trump Says He Knows Nothing About UAE-Linked Investment in Crypto Firm
Politics · First reported 9 Nov, 10:33 · Updated 10:37
In a post-midterms interview, Donald Trump said he knew nothing about World Liberty Financial’s UAE-linked investment and said his sons run the business. The company’s disclosures describe financial interests held by Trump-affiliated entities, while the UAE-linked deal has prompted scrutiny.
- Trump said he knew nothing about World Liberty Financial and said his sons run the family business.
- An entity backed by the UAE agreed to buy a 49% stake in the firm for $500 million four days before Trump’s January 2025 inauguration.
- Company disclosures say a Trump-affiliated entity owns about 38% of the holding company and is entitled to 75% of net proceeds from WLFI token sales.
Summary written by Sumzly from 2 articles
Key facts
- UAE-backed stake agreement
- 49% for $500 million
- Timing of agreement
- Four days before Trump’s January 2025 inauguration
- Trump-affiliated entity’s holding
- About 38% of the holding company
- Share of WLFI token-sale proceeds
- 75% of net proceeds, according to company disclosures
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- Corporation 67% (2)
- Unknown 33% (1)
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