Guren “Bobby” Zhou, a UK businessman beforehand investigated for cash laundering, bought $100 million price of tokens from the Trump household’s World Liberty Monetary crypto challenge.
The New York Instances studies on Zhou’s background and the huge transaction by way of his agency Aqua 1.
Two years earlier, Zhou was a failed hardwood flooring retailer in Britain who had come below investigation there for cash laundering and presided over the collapse of a small crypto start-up.
Then seemingly out of nowhere, he grew to become one of many greatest consumers of tokens from Trump’s firm, World Liberty Monetary, dropping a complete of $100 million by way of a brand new agency referred to as Aqua 1.
Stated Zhou throughout an audio stream on X,
“We’re very proud to be a significant participant within the World Liberty, which is Trump’s household’s crypto enterprise.”
Beneath World Liberty coverage, as a lot as $75 million of that cash was distributed to an organization managed by the president and his three sons.
World Liberty maintains a compliance program that meets or exceeds trade requirements, a spokesman mentioned.
It isn’t clear how carefully World Liberty scrutinized Zhou’s previous, however the cash laundering investigation in England was publicly accessible info.
Even now the supply of the cash that Zhou paid to World Liberty stays a thriller.
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