Trump crypto took US$100 million from a China businessman with red flags

Guren “Bobby” Zhou, under investigation for money laundering in Britain, invested US$100 million via Aqua 1 in Trump’s World Liberty Financial crypto, raising questions about anti-money laundering compliance.Zhou’s troubled business history includes failed flooring ventures, a collapsed crypto startup, and false claims of high-profile partnerships and investments.Despite red flags, World Liberty accepted Zhou’s funds, benefiting Trump’s family, while investigations continue and the source of Zhou’s wealth remains unclear.NEW YORK - During the World Cup soccer final in New Jersey in July, Zach Witkoff, co-founder of President Donald Trump’s cryptocurrency company, took in the action from a luxury suite.Joining him was a man who had made the president, and all the company’s co-founders, much richer.Get unlimited access to exclusive stories and incisive insights from the ST newsroom