Howard A. Fischer is Quoted in a Wall Street Journal Article Titled, "The Trumps’ New Crypto Money Maker: Deals With Themselves."

Share this page:

The article explores how the Trump family’s cryptocurrency venture, World Liberty Financial, orchestrated a striking $750 million deal in which a Trump-backed company, Alt5 Sigma, effectively bought its own WLFI tokens—resulting in the family netting approximately $500 million. While such circular transactions may seem legally compliant with appropriate disclosures, the arrangement raises serious concerns about conflicts of interest and transparency. In describing the implications, former SEC trial counsel Howard Fischer remarked, “We are in strange and uncharted territory in the securities world. People are making investment decisions that they wouldn’t make in other times.”

Resources