$73.9M 'Due-Diligence Gap' Raises Questions About Crypto Venture Linked to Trump
A businessman named Guren 'Bobby' Zhou made a $100 million (£73.9 million) investment in World Liberty Financial, a cryptocurrency venture linked to President Donald Trump.
This investment was facilitated through Aqua 1 and generated substantial payments for companies connected to Mr. Trump, his sons, and the family of a Trump administration envoy.
Zhou had previously come under investigation in Britain for money laundering, although it's not clear if he was convicted.
The transaction has raised questions about the due diligence process for investing in cryptocurrency ventures and the potential risks associated with them.