Hey kids! Starting tomorrow, you too can give your money over to a new "high-yield crypto investment" scheme endorsed by former president Trump, and run by his sons, including 18 y/o Baron, who is cited as the "chief visionary."
Sounds like a brilliant investment (for the Trump family):
"A whopping 70% of Trump-backed World Liberty Financial's WLFI tokens will be reserved for the project's insiders, according to a white paper draft obtained by CoinDesk. Of the remaining 30% of the tokens distributed via a public sale, the founding team will also receive a portion of the proceeds."
Because nothing screams legit like a high-yield investment scheme. Add crypto and it's uber-legit: https://www.investor.gov/protect-your-investments/fraud/types-fraud/high-yield-investment-programs
CoinDesk quotes a Trump fan and crypto investor predicting disaster: "It'll be the juiciest DeFi target ever and it's forked from a protocol that itself was hacked). it's also an obvious target for the SEC. at best it's an unnecessary distraction, at worst it's a huge embarrassment and source of (additional) legal trouble."
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