Alt 5 Sigma, the new investment partner at World Liberty Financial to the Trump family, denied a recent report indicating that one of her executives is being investigated by the US Securities and Exchange Committee.
Rumors spread on Tuesday that the Supreme Education Council had launched an investigation into John Ishaq Al -capital, the alleged profit and internal stock sales that reach the treasury deals of $ 1.5 billion with the Trump encrypted platform.
It took Alt5 Sigma to x hours later, Deny Isaac is either a president or a current or a former consultant for the company, and does not realize any current investigation in his activities by the stock organizer.
Isaac also moved to X on Tuesday, too male He is not the president of Alt5 and is not investigated by the Supreme Education Council. Investigation reports first back In an article from the information published on Tuesday.
“These reports seem to have major realistic errors regarding my role and my current regulatory status.”
The noise adds to the confirmation of the US President Donald Trump Universal Financial Freedom and its subsidiaries, which have already faced widespread accusations Trading from the inside And manipulation of the market.
The report also led to a 10.5 % decrease in the ALTS share price to $ 10.48, According to To yahoo data financing.
Alts fell to $ 5.39 in hours after hours, which led her to what the company announced on August 12 that it would get Sell 200 million shares For 1.5 billion dollars to start the locker corporate.
John Ishaq asserts that he is a Alt5 shareholder
Isaac admitted that he had “assumed” ALT5 – Janone Inc – some time ago, but he left before him Integration has been announced In the United States and renamed to Alt5 in 2024.
He is currently the CEO of its Live Ventures, but he is still a ALT5 shareholder, and holds more than a million shares of more than $ 5.48 million.
“I am a great believer and a supporter of Alt5 Sigma, I want nothing but the best for the company,”
Live projects Records He showed that the president of Alt5 and his president is Tony Ishaq and John’s father. However, ATL5 is on the web Lists Tony Ishaq as the company manager.
SEC file tells a different story
However, the SEC file from December He appears Alt5 Sigma entered a two -year consulting agreement with John Ishaq in March 2024, where he will present the strategy Business development Financial advice.
Its responsibilities are supposed to include advice on growth strategies, financial restructuring, customer acquisition, development of new products, and delivery Market research.
He was also assigned to the “weekly update calls” contract with the administration to ensure the company’s progress towards its goals.
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The deposit also showed that, according to the conditions of his consultative agreement, Isaac retained a $ 540,000 perolly memorandum. He later converted the note, in addition to the due interest, to 465,753 shares Alt5 Sigma on December 23, 2024.
Cointelegraph has arrived at Alt5, WLF and SEC for comment but did not receive a response.
SEC filed complaints against John Isaac in the past
In 2021, the Supreme Education Council foot Civil complaint against Isaac and his current and previous companies – Live Ventures and Janone – accused of them Financial fraud and disclosure.
The allegations included inflating profits, decline contracts, and hiding stock sales through the candidate account.
Isaac and companies denied violations, and the case is still active in the Federal Court in Nevada.
Additional reports by Nate Costar
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