SEC has launched an investigation into John Isaac, CEO of ALT5 Sigma, a partner of Trump family’s World Liberty Financial project. The probe centers on alleged profit manipulation, with ALT5 shares sold after artificially boosting prices.
ALT5 Sigma had previously announced plans to raise $1.5bn to repurchase about 7.5% of WLFI tokens. Eric $TRUMP recently joined the board, with WLFI CEO Zach Vichkoff named chairman and COO Zach Falkman taking an observer role.