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SEC is said to be investigating Alt5 Sigma.
The SEC is investigating Alt5 Sigma, a company that recently signed a $1.5 billion agreement with World Liberty Financial of the Trump family. Alt5 Sigma's president, Jon Isaac, is the primary target of the investigation, facing allegations of fraud such as inflating profits and manipulating stock.
World Liberty Financial has recently intensified its investment in Web3 projects and partnered with Alt5 Sigma to develop the WLFI token strategy, even inviting partners to ring the Nasdaq bell. However, a report from The Information indicates that the investigation is solely focused on Alt5 Sigma and Isaac, with no direct connection to the Trump family.
Isaac has been complained about by the SEC since 2021, with allegations of insider trading at several other companies. Therefore, the connection between the investigation and Mr. Trump may be exaggerated. The outcome is still unclear and the case is still being monitored.