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The Trump Crypto Empire and its Curious Links to a UK-Based Flooring Company
Yahoo Financeยท 2025-10-29 16:06
Core Insights - Aqua1 Foundation announced a $100 million purchase of WLFI tokens, marking the largest single purchase at that time, with connections to the Trump crypto empire and dissolved hardwood flooring firms [1] - Guren "Bobby" Zhou, the Chinese businessman behind Aqua1, has executive roles in multiple businesses and is under investigation for money laundering in the UK [2] - Zhou's involvement with 13 now-defunct UK flooring companies raises questions about the legitimacy of the investment and his business practices [3][4] Company Background - Aqua Labs Investment LLC stated that the $100 million WLFI purchase was a commercial decision aimed at advancing regulated digital-asset ecosystems [3] - Zhou has never been convicted of financial crimes, according to Aqua1, despite allegations linking him to dissolved flooring companies [3] - The flooring companies associated with Zhou operated in the UK from 2008 to 2019 and have since been dissolved [4] Historical Context - Anbo, a company founded by Zhou Senior in Shanghai in 1989, transitioned from timber manufacturing to flooring and eventually to crypto investments [5][6] - In 2017, Anbo acquired Posh Flooring, which aimed to expand into Dubai and the UAE, indicating a strategic pivot towards international markets [6]