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Senator Chris Murphy (D-CT) warned Monday that those involved in alleged secret payments from a UAE investor could face jail time, describing the situation as "potentially criminal conduct" tied to the transfer of sensitive defense technology following a deal involving Trump-linked crypto firm World Liberty Financial.
"A UAE investor secretly gave Trump $187 million and his top Middle East envoy $31 million. And then Trump gave that investor access to sensitive defense technology that broke decades of national security precedent," Murphy tweeted. "Brazen, open corruption. And we shouldn't pretend it's normal."
The allegations stem from a deal in which Aryam Investment, a UAE-backed entity tied to Sheikh Tahnoon bin Zayed, agreed to purchase a 49% stake in Trump-linked crypto firm World Liberty Financial for $500 million just four days before Trump's inauguration, according to a Wall Street Journal report. Per the WSJ’s reporting, roughly $187 million was directed to Trump family entities and at least $31 million to entities affiliated with the family of special envoy Steve Witkoff.
The deal preceded the Trump administration's approval of expanded UAE access to advanced U.S. AI chips that had been restricted under the Biden administration.
Witkoff and Trump are listed as co-founders emeritus of World Liberty Financial, the DeFi firm behind the USD1 stablecoin. The firm asserts that Trump and his family members do not hold any role as “director, officer or employee” of the firm.
“That is corruption”
© 2015 Mutual Fund Observer. All rights reserved.
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