Summary
- The U.S. Securities and Exchange Commission (SEC) said it is investigating the CEO of ALT5 Sigma, who is linked to the Trump family's World Liberty Financial (WLFI).
- The SEC explained that CEO John Iacac is suspected of inflating profits from ALT5 Sigma-related transactions and selling shares after the stock price increased.
- This news of the investigation may act as a risk factor for investors concerning ALT5 Sigma.
According to BeInCrypto, a virtual asset (cryptocurrency) specialist media outlet, on the 19th (local time), the U.S. Securities and Exchange Commission (SEC) is investigating John Iacac, CEO of ALT5 Sigma, who is linked to the Trump family's World Liberty Financial (WLFI).
The SEC stated that CEO Iacac is suspected of inflating profits from transactions related to ALT5 Sigma and then selling shares as the stock price rose.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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