SEC Launches Investigation into Name Linked to US President Donald Trump’s Cryptocurrency Company

The U.S. Securities and Exchange Commission (SEC) has launched an investigation into Jon Isaac, who appears to be the chairman and board member of ALT5 Sigma. Isaac is alleged to have inflated the company's earnings and sold during a surge in stock prices.

ALT5 Sigma recently signed a $1.5 billion deal with World Liberty Financial, a company linked to Donald Trump. This large-scale collaboration has drawn the attention of regulators, with the SEC reportedly launching an investigation into suspicious transactions, particularly involving senior executives and partners.

Sales made during the company's stock price increases are reportedly being investigated. However, the SEC has not yet filed any formal charges.