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News@lemmy.worldEnglish · 4 days ago

‘Spy Sheikh’ Bought Secret Stake in Trump Company— $500 million investment for 49% of World Liberty came months before U.A.E. won access to tightly guarded American AI chips

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‘Spy Sheikh’ Bought Secret Stake in Trump Company— $500 million investment for 49% of World Liberty came months before U.A.E. won access to tightly guarded American AI chips

Beep@lemmus.org to

News@lemmy.worldEnglish · 4 days ago

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wsj.com

Desktop Archive.

Senator Elizabeth Warren on the UAE’s “Spy Sheikh” Secret Stake in Trump Crypto Company

Four days before Donald Trump’s inauguration last year, lieutenants to an Abu Dhabi royal secretly signed a deal with the Trump family to purchase a 49% stake in their fledgling cryptocurrency venture for half a billion dollars, according to company documents and people familiar with the matter. The buyers would pay half up front, steering $187 million to Trump family entities.

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4 days ago
^^^ not surprised

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