Trump Bails on ALT-5 (ALTS) Fraud Stock. Be Warned.

This is crazy. Eric Trump is now bailing

after the scam he was involved in called

Alt Five is well being exposed as a

scam. Let me give you a quick recap and

then show you what happened. So,

remember about a week ago, a little more

than a week ago, I made a video about

All Five Sigma Corporation, which in

2019 was a crypto mining business that

failed because of a storm that happened

on Halloween and happened to destroy all

of their equipment, which some people

are like, "That sounds like insurance

fraud." Then they were an energy upgrade

appliance recycling company, probably,

you know, trying to milk money from the

government. Some people are calling that

a scam as well. Then they applied for a

crypto exchange license in Lithuania.

Now they're trying to market drugs for

chronic pain as a biotech company. And

then as of recently they turned into a

world liberty financial treasury company

where basically what happens is they buy

world liberty financial which gives exit

liquidity for the Trump disciples and

supporters. In order to provide this

exit liquidity, they have to pump the

alt five stock. So they have Eric Trump

join the board of alt 5 and there are

photos of him ringing the bell and he's

on the board of all five. Everything's

great. Then you go on Fox Business and

you shill it to unsuspecting business

owners and you won't believe how the

story has evolved. But just listen to

the shilling here for a moment. the

value for investors again because they

can't buy a WLF coin at the moment, but

they could buy shares in Alt 5. So,

what's the extra that you say investors

can get from owning a share of alt 5

versus waiting on the WLF coin?

>> Well, I think zoom out for a second. I

mean, you're really bringing crypto to

the to the digital marketplace, which I

think so many people want. Crypto is the

fastest growing industry in the world

right now. There's no question. The

banks are so antiquated in this country.

I mean, Liz, you know, you covered it

probably better than anybody. You know

why it's CR family got into crypto,

right? They deplatformed us. They took

away our bank accounts. You had

companies like Capital One who literally

in the middle of the night I was getting

letters saying congratulations. 300 of

your bank accounts are gone. You know,

you've had a perfect relationship with

them for for the longest period of time.

But they're gone because we don't like

the fact that your father wears a red

hat that says make America great again

on it. And honestly, it forced our whole

family. It it forced us as a company to

turn to an industry that we would have

never been exposed to had it not been

for debanking, had it not been for

political weaponization. Now what you're

doing is you're taking

>> So you get the idea, right? And now he

shills the alt five the equity markets.

And I think it's an incredibly powerful

thing for debanking had it not been for

political weaponization. Now

>> right here, here's your chance basically

to get this in the equity markets. All

what you're doing is you're taking an

industry that's just has explosive

growth and you're bringing it to the

equity markets and I think it's just

growth right after she's like oh this is

why people should invest in all five

right yeah we're bringing crypto we're

we're like in the dialup phase for

crypto just by all five man and so what

happens today Eric Trump removed from

board wool after consultation with

NASDAQ now they don't say that NASDAQ

told him not to have him on the board

they just say conveniently oh yeah we

had a meeting with NASDAQ separately. By

the way, we're removing Eric Trump from

the board, which is probably Eric Trump

being like, "Man, I don't want to be

associated with the scam that, you know,

we pumped. Here's the pump. This is the

weak chart, mind you. This is the weak

chart. So, we pump up the ripoff to

provide liquidity for all five

shareholders. Look at the volume

skyrocketing because they're diluting

the crap out of this to go buy Liberty

Financial and provide exit liquidity for

them. That's all this is, an exit

liquidity play. In my opinion, I think

that is a ripoff of people and Eric's

now trying to distance himself from

that. So then I go to the SEC filing

from a couple weeks ago where they're

going to talk about Trump, but I can't

like this company just blows my mind so

much because look at this. I haven't

even read all this yet. I just read the

first like headline here. Judgment in

Rwanda. I'm like, okay, well, what is

this? Well, look at this. On August

27th, so two weeks ago, the board was

made aware that on May 7th, a court in

Rwanda rendered a judgment finding Alt

5's Canada subsidiary and its former

principal, listen to this, criminally

liable for offenses including illicit

enrichment and money laundering

and denied the civil claim brought by

Alt five. So basically they lost their

lawsuit and then they've got found

criminally liable. The Rwanda court

ordered the imprisonment

of their former principal and imposed

fines against this person. So people are

getting arrested at this company. Uh

I mean the filings here are insane.

So, there's also some talk about

uh how somebody didn't disclose that

they were getting stock compensation as

part of their bankruptcy filings.

What like the the more you look at this,

the sadder it is. Both Eric Trump and

Zachary are now instead of being on the

board going to be designated observers.

And so, this was like the first rug poll

that they're going to move from board

members to observers. Uh, and now Eric

being totally removed. It's probably

because he's like, "Guys, this the jig

is up. I'm getting exposed here. This is

a bad look for the Trump brand. This is

like hands down straight up dirty now

getting exposed that we're just trying

to provide liquidity, exit liquidity for

for WLFI. I don't want to be associated

with this anymore." So, he gets out. So,

now he could say, "Oh, I don't have

anything to do with them. I never joined

their board." Even though he said,

"We're going to join the board." and

used that to go on Fox Business to help

pump the stock. Oh yeah. No, I was never

actually on the board though, guys. Sky,

like I I never joined it. I had nothing

to do with what they did. They just

happened to buy World Liberty Financial.

And so now you've got a roughly half a

billion dollar market cap company that,

you know, since I made my video is down

what, like 40 or 50% or maybe even more.

Uh, since I made my video,

uh, it's now a $483 million market cap

company. I suspect, this is my opinion,

I could be wrong, don't sue me, bro,

that the company is going to be under a

dollar within the next 30 days. They're

going to try to exit out of this as fast

as possible and uh, it'll probably

delist

uh, and just disappear in the longer

term. Now, stocks like this can have

little pump days. See, you get these

little random pump days, but just

remember that could be a day that

they're not diluting the shares to buy

Will Liberty Financial and then people

will look at it as a meme play. But this

is probably the most dangerous thing to

touch out of anything that exists on the

market right now. This is no fundamental

business. Look, like stocks like Open

Door. they can meme up and then they

have meme downs and people who like it

fundamentally even though I don't like

it fundamentally they'll buy it and

they'll hold it and that's fine and you

can make money. You know, there are

other plays as well that you could get.

You know, there there are great

companies that'll do really well when

rates come down. There are great

companies that'll do well if rates just

slowly trend down. Uh and those stocks,

they go up and they go down. But they

have fundamental business models that

are inherently good. At least hopefully

the ones you're investing in are

inherently good. Yeah, we talk about

that in the membership all the time at

me.com. Use coupon code bullish

catalyst. Bullish catalyst.

But uh but this one, this is just

fundamentally

bad. And it's not a surprise that now

that the jig is up, the Trumps are

trying to wash their hands of it.

>> Why not advertise these things that you

told us here, I feel like nobody else

knows about this?

>> We'll we'll try a little advertising and

see how it goes.

>> Congratulations, man. You have done so

much. People love you. People look up to

you.

>> Kevin Praath there, financial analyst

and YouTuber. Meet Kevin. Always great

to get your take.