Folkman-Herro entity shares a 7.5 billion-token and 25% revenue allocation
Reporting and findings
- documented
WLF's Gold Paper says Zachary Folkman and Chase Herro wholly own AMG, which together with WC Digital Fi received 7.5 billion $WLFI and rights to 25% of net protocol revenue. WLF's MiCA paper separately says the issuer raised more than $550 million in token sales. Neither source states Folkman's personal distribution.
- World Liberty Financial: World Liberty Financial Gold Paper — U.S. versionPages 7–8 and 12
- World Liberty Financial: $WLFI Crypto-Asset White Paper under MiCAPart A.17, pages 10–11
- Reuters via Investing.com: How the Trump family took over a crypto firm as it raised hundreds of millionsParagraphs 12–24 and 66–78: $550 million sale total, control changes, revenue split, and comparison with five large DeFi platforms
Summary and current status
AMG and WC Digital Fi collectively received 7.5 billion $WLFI and rights to 25% of net protocol revenue.
AMG and WC Digital Fi held the disclosed collective allocation
People and organizations
- Zak FolkmanAMG co-owner and WLF executive
- Donald J. Trumpnetwork root
Relationships in this file
- Donald J. TrumpWLF service-entity owner in Trump-branded ventureZak Folkman
Money trail
revenueWLF token-sale proceeds floormore than $550 million - Revenue source
- $WLFI token purchasers
- Revenue recipient
- World Liberty Financial, Inc.