Finance1 min read

Trump's Crypto Firm Sued Over Alleged Profits From $2 Billion UAE-Linked Deal

By · Published by Everything Blog

In short

Donald Trump’s crypto firm has been sued by a former employee alleging that the company made $2 billion in profits from a $2 billion deal with the United Arab Emirates. The employee claims that the firm, Trump Global Holdings, was involved in a fraudulent scheme to inflate earnings. The lawsuit was filed in New York federal court on Monday, accusing the firm of misreporting financial information and engaging in insider trading.

Key points

  • Donald Trump’s crypto firm has been sued by a former employee alleging that the company m…: Donald Trump’s crypto firm has been sued by a former employee alleging that the company made $2 billion in profits from a $2 billion deal with the United Arab Emirates.
  • The employee claims that the firm, Trump Global Holdings, was involved in a fraudulent sc…: The employee claims that the firm, Trump Global Holdings, was involved in a fraudulent scheme to inflate earnings.
  • The lawsuit was filed in New York federal court on Monday, accusing the firm of misreport…: The lawsuit was filed in New York federal court on Monday, accusing the firm of misreporting financial information and engaging in insider trading.

Donald Trump reported $1.4 billion in earnings related to his crypto ventures last year

Original source: www.ndtv.com

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