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Trump Crypto Took $100 Million From a Businessman With Red Flags
The New York Times • • business
Key Points:
- Guren “Bobby” Zhou, once a failed flooring retailer under investigation for money laundering in Britain, became a major investor in President Trump’s cryptocurrency company, World Liberty Financial, contributing $100 million through his firm Aqua 1.
- Zhou’s investment significantly enriched President Trump, his three sons, and the family of Steve Witkoff, a Trump administration envoy and father of co-founder Zach Witkoff.
- Zhou maintained a low profile about his involvement, only briefly identifying himself as “Mr. Bobby” during a minor audio stream on X, despite his substantial financial influence on the venture.
- The large influx of foreign funds to the Trump family’s crypto venture, unusual in size and source, would likely have triggered congressional scrutiny in previous administrations.
