Chinese cryptocurrency entrepreneur Justin Sun invested $30 million in President-elect Donald Trump’s crypto project three weeks after the election, helping Trump make a potentially hefty profit.
Sun, who recently made headlines for buying, then eating, a $6 million banana art piece, is under investigation by the Securities and Exchange Commission on charges of fraud, market manipulation and other alleged violations. He announced the investment in Trump’s project Nov. 25 on X.
His investment offers a financial boost to the president-elect weeks before Trump is set to take office, and comes as Trump is considering whom to appoint to key financial posts in his administration — including to the SEC, which could drop the charges against Sun if the agency and its chairman desire.
Grifters and conmen will congregate around Mr Trump as they are exposed and need saving by Mr. Mendacity. Historians will have a gold mine to explore.
