ByZach Everson,
Forbes Staff.
Alt5 Sigma, a partner of the Trump family’s World Liberty Financial crypto venture, informed the Securities and Exchange Commission it suspended its CEO effective Oct. 16—but an internal email reviewed by Forbes shows the board placed him on “temporary leave” by Sept. 4, more than six weeks earlier, a discrepancy securities regulation experts say could violate disclosure rules.
Alt5 Sigma [Nasdaq: ALTS] said its board suspended CEO Peter Tassiopoulos effective Oct. 16 without explaining the move in a filing it made with the SEC four business days later.
An internal email sent to employees on Sept. 4—six weeks earlier—says the board had placed Tassiopoulos on temporary leave by that day, according to a copy shown to Forbes by two sources close to the company.
