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ALT5 Sigma and Jon Isaac Address Rumored SEC Investigation
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Recently, rumors emerged suggesting a probe by the US Securities and Exchange Commission (SEC) involving ALT5 Sigma and Jon Isaac. Both parties swiftly refuted these claims, yet the documentation available raises questions among investors.
Company and Executive Firmly Deny Investigation Allegations
ALT5 Sigma, an emerging investment partner of the Trump family’s World Liberty Financial, took to social media to address these rumors. The company clarified that Jon Isaac has never held the positions of President or advisor at ALT5 and stated there is no knowledge of any ongoing SEC investigation.
In a statement, ALT5 Sigma emphasized, “Jon Isaac is not and never was the President of ALT5 Sigma, nor is he an advisor to the company. We have no awareness of any current investigation regarding our operations.”
The initial claims about an investigation surfaced in reports by The Information earlier this week.
SEC Records Indicate a Consulting Relationship
Despite these denials, a December SEC filing reveals a more intertwined relationship. This document indicates that ALT5 Sigma entered into a two-year consulting agreement with Jon Isaac starting in March 2024.
Jon Isaac also refuted these claims via social media, asserting that he is not the President of ALT5 Sigma and is not under any SEC scrutiny. He also clarified his role as the CEO of Live Ventures Incorporated, which is publicly traded on NASDAQ under the ticker LIVE.
The same SEC filing notes that Jon Isaac held a $540,000 promissory note, which he subsequently converted, including interest, into 465,753 Sigma shares on December 23, 2024.
Historical SEC Actions Provide Context
It’s important to consider past events. The SEC previously filed a civil complaint against Jon Isaac in 2021, implicating his companies Live Ventures and JanOne in alleged earnings inflation and other financial maneuvers. Although Isaac and the involved companies denied any wrongdoing, the case remains active in a federal court in Nevada. Such historical context explains why new rumors of an investigation quickly gained traction and shook investor confidence.
As of now, Bitcoin is trading at $113,843 according to the latest 24-hour chart on TradingView.
Company Support and Investments
Jon Isaac continues to serve as the CEO of Live Ventures and possesses over 1 million shares in Sigma, valued at over $5.48 million. Isaac has expressed ongoing support for ALT5 Sigma, remaining an active investor in the company.
Live Ventures’ records mention Tony Isaac, Jon’s father, as the President and Chairman of ALT5, while ALT5’s official website lists him as a director.
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