Trump-Linked WLFI Faces Fraud Probe Over Prince Group Ties

A House Democrat investigation launched February 4 by Representative Ro Khanna uncovered alleged ties between World Liberty Financial and The Prince Group, a syndicate accused of running at least 10 scam compounds and stealing billions through pig butchering schemes.

The probe stems from WLFI's ₱30.84 billion ($500 million) UAE-linked investment deal. Aryam Investment 1 paid an initial ₱15.42 billion ($250 million), with ₱11.53 billion ($187 million) directed to Trump-associated entities Marks DE LLC and Marks SC LLC. Another ₱1.91 billion ($31 million) went to Witkoff family companies, and ₱1.91 billion ($31 million) to co-founders Zak Folkman and Chase Herro.

Eric Trump signed the investment agreement days before Donald Trump's second inauguration. The deal involved USD1 stablecoin use in a ₱123.37 billion ($2 billion) Binance investment, diluting Trump family ownership from 75% to 38% at a $1 billion valuation. WLFI added board members from Sheikh Tahnoon's firm after the transaction.

Khanna's probe cites links between WLFI, foreign sovereign capital, and Trump-era crypto activity. The investigation also notes Changpeng Zhao's October pardon preceding UAE semiconductor export licenses. Donald Trump denied knowledge of the UAE-linked investment deal.

Blockchain developer Bruno Skvorc accused WLFI of refusing to unlock tokens for six investors after labeling their wallets as high risk due to indirect on-chain exposure to Tornado Cash or Garantex interactions. Justin Sun's wallet was frozen after a $9 million transaction, with Sun claiming $80 million losses from the account freeze as of April 2026.