The New York Times reports that Guren “Bobby” Zhou paid $100 million to World Liberty Financial. This crypto entity is closely affiliated with President Donald Trump.
Zhou is currently the subject of a money laundering investigation in the United Kingdom. The report details his history of business failures prior to the $100 million transaction.
The transaction bypassed anti-money laundering protocols despite the Trump family’s status as politically exposed persons. Other news organizations have since confirmed the details of the financial probe.