{"entity":{"id":9126,"slug":"axiom-management-group","name":"Axiom Management Group","type":"company","role":"WLF revenue vehicle","description":"Puerto Rico LLC co-owned by Herro and Folkman. Receives 25% of WLF net protocol revenue; allocates half to WC Digital Fi LLC (Witkoff affiliate).","imageUrl":null,"createdAt":"2026-04-15T20:40:43.904Z","updatedAt":"2026-05-19T09:25:08.999Z"},"electedOffice":null,"significance":{"score":8.8,"components":{"totalFindings":0,"connectionDegree":4.8,"recentFindings90d":0,"activeResearchJobs":0,"goblinAttributions":4,"recentSyntheses90d":0,"moneyFlowChainsTotal":0,"closedLoopMemberships":0,"moneyFlowHopsRecent90d":0},"computedAt":"2026-10-16T01:34:31.424Z"},"facts":[{"id":32876,"text":"Axiom Management Group LLC does not appear as a separate entity in Puerto Rico's public online corporation registry, and its corporate registration details, formation date, and registered agent are not publicly available from standard database searches as of May 2026.","confidence":"secondary","dateOccurred":"2026-05-01","source":{"title":"SEC EDGAR filing document 0002043140-24-000002","url":"https://www.sec.gov/Archives/edgar/data/2043140/000204314024000002/xslFormDX01/primary_doc.xml","publication":"Directed Inquiry — Web Search"}},{"id":32872,"text":"According to Reuters calculations, after co-founders Herro and Folkman received their share (including through AMG), only approximately 5% of the $550 million raised remained available for platform development.","confidence":"secondary","dateOccurred":"2025-03-31","source":{"title":"How the Trump family took over a crypto firm as it raised hundreds of millions","url":"https://economictimes.indiatimes.com/tech/technology/how-the-trump-family-took-over-a-crypto-firm-as-it-raised-hundreds-of-millions/printarticle/119842735.cms","publication":"The Economic Times / Reuters"}},{"id":32874,"text":"Chase Herro was sued in January 2025 in Miami federal court (Jonathan Lopez v. Chase Herro) for fraud and securities violations related to the predecessor DeFi project Dough Finance, which suffered a $2 million hack in mid-2024. Folkman was also a co-founder of Dough Finance.","confidence":"primary","dateOccurred":"2025-01-15","source":{"title":"Jonathan Lopez v. Chase Herro — U.S. District Court, S.D. Florida","url":"https://www.courtlistener.com/docket/69445592/jonathan-lopez-v-chase-herro/","publication":"CourtListener"}},{"id":32871,"text":"After the Trump family (via WLF Holdco LLC) replaced Folkman and Herro as the controlling parties of World Liberty Financial in January 2025, the co-founders retained Axiom Management Group and its contractual 25% revenue interest, but lost operational control of the protocol.","confidence":"secondary","dateOccurred":"2025-01-15","source":{"title":"How the Trump family took over a crypto firm as it raised hundreds of millions","url":"https://economictimes.indiatimes.com/tech/technology/how-the-trump-family-took-over-a-crypto-firm-as-it-raised-hundreds-of-millions/printarticle/119842735.cms","publication":"The Economic Times / Reuters"}},{"id":20845,"text":"Axiom Management Group filed filing with the SEC on 2024-10-30. Accession number: N/A.","confidence":"secondary","dateOccurred":"2024-10-30","source":{"title":"SEC EDGAR: filing — Axiom Management Group (2024-10-30)","url":"https://efts.sec.gov/LATEST/search-index?q=%22Axiom%20Management%20Group%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"SEC EDGAR"}},{"id":32870,"text":"AMG also received an allocation of 7.5 billion WLFI governance tokens under the Gold Paper terms, in addition to its 25% net revenue share.","confidence":"secondary","dateOccurred":"2024-10-17","source":{"title":"Trump family will get 75 percent of crypto token revenue","url":"https://thehill.com/policy/technology/4936835-donald-trump-crypto-token-revenue/","publication":"The Hill"}},{"id":32868,"text":"AMG has contractually agreed to distribute half of its profit rights to WC Digital Fi LLC, an entity affiliated with Steve Witkoff — a close Trump friend and political donor — and certain of his family members.","confidence":"primary","dateOccurred":"2024-10-17","source":{"title":"New filings show Trump family will receive 75% of WLFI's net income and bear no liability","url":"https://www.binance.bh/en-IN/square/post/15013456702874","publication":"Binance Square"}},{"id":32867,"text":"AMG receives 25% of WLF net protocol revenues, defined in the Gold Paper as all income from platform fees, token sale proceeds, and advertising, after deduction of agreed expenses and reserves for continued operations.","confidence":"primary","dateOccurred":"2024-10-17","source":{"title":"CNBC: Trump family gets 75% of crypto coin revenue","url":"https://www.cnbc.com/2024/10/17/trump-crypto-project-allows-ex-president-family-to-make-75percent-of-revenue.html","publication":null}},{"id":32865,"text":"Axiom Management Group LLC is a Puerto Rico limited liability company wholly owned by World Liberty Financial co-founders Chase Herro and Zachary Folkman, as disclosed in the WLF Gold Paper published October 17, 2024.","confidence":"primary","dateOccurred":"2024-10-17","source":{"title":"CNBC: Trump family gets 75% of crypto coin revenue","url":"https://www.cnbc.com/2024/10/17/trump-crypto-project-allows-ex-president-family-to-make-75percent-of-revenue.html","publication":null}},{"id":32869,"text":"The registered address of Axiom Management Group LLC on the SEC Form D (425 Carr 693 PMB 285, Dorado, PR 00646) is identical to the address listed for Zachary Folkman on the same filing, indicating the LLC uses Folkman's personal mailbox service as its business address.","confidence":"primary","dateOccurred":"2024-10-15","source":{"title":"SEC EDGAR filing document 0002043140-24-000002","url":"https://www.sec.gov/Archives/edgar/data/2043140/000204314024000002/xslFormDX01/primary_doc.xml","publication":"Directed Inquiry — Web Search"}},{"id":32866,"text":"Axiom Management Group LLC is listed as a promoter on World Liberty Financial, Inc.'s SEC Form D (CIK 0002043140), filed October 15, 2024, with a registered address of 425 Carr 693 PMB 285, Dorado, Puerto Rico 00646.","confidence":"primary","dateOccurred":"2024-10-15","source":{"title":"SEC EDGAR filing document 0002043140-24-000002","url":"https://www.sec.gov/Archives/edgar/data/2043140/000204314024000002/xslFormDX01/primary_doc.xml","publication":"Directed Inquiry — Web Search"}},{"id":32873,"text":"Co-owner Chase Herro has a documented history including prior arrests and jail time on drug charges, lawsuits in California and New York, a lawsuit from JPMorgan Chase, and a collections action in San Diego — all predating the formation of AMG.","confidence":"secondary","dateOccurred":"2024-09-19","source":{"title":"Trump's crypto allies boast lavish lifestyles amid trail of debts","url":"https://www.businessinsider.com/trump-crypto-partners-chase-herro-zachary-folkman-lawsuits-jail-debt-2024-9","publication":"Business Insider"}},{"id":32875,"text":"Herro and Folkman had a prior business relationship running mastermind groups and internet marketing ventures, including Folkman's company Date Hotter Girls, before transitioning into crypto through Dough Finance and subsequently World Liberty Financial.","confidence":"secondary","dateOccurred":"2019-06-15","source":null}],"connections":[{"id":9756,"relationshipType":"co-owner","description":"Co-owner with Folkman of Puerto Rico LLC that receives 25% of WLF net protocol revenue. Allocated 50% of revenue rights to WC Digital Fi LLC (Witkoff affiliate), netting 12.5%.","confidence":"confirmed","firstDocumented":null,"lastDocumented":null,"other":{"id":918,"name":"Chase Herro","slug":"chase-herro","type":"person"}},{"id":14409,"relationshipType":"regulatory_filing","description":"Axiom Management Group filed a filing with the SEC on 2024-10-30 and is listed as a promoter on World Liberty Financial, Inc.'s SEC Form D (CIK 0002043140) filed October 15, 2024.","confidence":"primary","firstDocumented":"2024","lastDocumented":null,"other":{"id":391,"name":"Securities and Exchange Commission","slug":"securities-and-exchange-commission","type":"government_agency"}},{"id":14406,"relationshipType":"Promoter/Revenue Interest","description":"Axiom Management Group LLC is listed as a promoter on World Liberty Financial, Inc.'s SEC Form D (CIK 0002043140) filed October 15, 2024, and receives 25% of WLF net protocol revenues plus 7.5 billion WLFI governance tokens under the Gold Paper terms.","confidence":"primary","firstDocumented":"2024","lastDocumented":null,"other":{"id":37,"name":"World Liberty Financial","slug":"world-liberty-financial","type":"company"}},{"id":11366,"relationshipType":"successor_vehicle","description":"Axiom Management Group (AMG) is a Puerto Rico LLC wholly owned by Herro and Folkman that receives 25% of World Liberty Financial's net protocol revenues — the same business partners who left Dough investors uncompensated.","confidence":"primary","firstDocumented":null,"lastDocumented":null,"other":{"id":9127,"name":"Dough Finance","slug":"dough-finance","type":"company"}},{"id":11362,"relationshipType":"parallel_revenue_vehicle","description":"DT Marks DEFI LLC (Trump family) receives 75% of WLF net protocol revenues while AMG receives 25%. The entities are structured as parallel revenue recipients under the same Gold Paper contract.","confidence":"primary","firstDocumented":null,"lastDocumented":null,"other":{"id":914,"name":"DT Marks DEFI LLC","slug":"dt-marks-defi-llc","type":"company"}},{"id":11360,"relationshipType":"co_owner","description":"Folkman is a co-owner of Axiom Management Group LLC alongside Chase Herro. His personal address (425 Carr 693 PMB 285, Dorado, PR 00646) is identical to AMG's registered address on the SEC Form D.","confidence":"primary","firstDocumented":null,"lastDocumented":null,"other":{"id":917,"name":"Zachary Folkman","slug":"zachary-folkman","type":"person"}},{"id":11359,"relationshipType":"co_owner","description":"Herro is a co-owner of Axiom Management Group LLC alongside Zachary Folkman. He is also a co-founder of World Liberty Financial and Dough Finance, and was listed as an executive officer, director, and promoter on WLF's SEC Form D.","confidence":"primary","firstDocumented":null,"lastDocumented":null,"other":{"id":918,"name":"Chase Herro","slug":"chase-herro","type":"person"}},{"id":14408,"relationshipType":"affiliation","description":"After the Trump family (via WLF Holdco LLC) replaced Folkman and Herro as the controlling parties of World Liberty Financial in January 2025, the co-founders retained Axiom Management Group and its contractual 25% revenue interest, but lost operational control of the protocol. Steve Witkoff, a close Trump friend, benefits from AMG's profit rights distribution.","confidence":"secondary","firstDocumented":"2025","lastDocumented":null,"other":{"id":9122,"name":"Donald Trump","slug":"donald-trump","type":"person"}},{"id":14407,"relationshipType":"legal","description":"Co-owner Chase Herro has a documented history including a lawsuit from JPMorgan Chase predating the formation of AMG.","confidence":"secondary","firstDocumented":"2024","lastDocumented":null,"other":{"id":150,"name":"JPMorgan Chase","slug":"jpmorgan-chase","type":"company"}},{"id":11364,"relationshipType":"predecessor_business","description":"Before forming AMG and WLF, Herro and Folkman co-founded Dough Finance, a DeFi lending protocol that suffered a $2 million hack in mid-2024. Herro was subsequently sued for fraud and securities violations in January 2025.","confidence":"secondary","firstDocumented":null,"lastDocumented":null,"other":{"id":9127,"name":"Dough Finance","slug":"dough-finance","type":"company"}},{"id":11363,"relationshipType":"indirect_beneficial_connection","description":"Through AMG's contractual obligation to distribute half its profit rights to WC Digital Fi LLC, Steve Witkoff — Trump's close friend, political donor, and U.S. Special Envoy to the Middle East — is an indirect beneficiary of AMG's revenue stream.","confidence":"secondary","firstDocumented":null,"lastDocumented":null,"other":{"id":9125,"name":"Steve Witkoff","slug":"steve-witkoff","type":"person"}},{"id":11361,"relationshipType":"structurally_subordinated","description":"When WLF Holdco LLC (controlled by DT Marks DEFI LLC and WC Digital Fi LLC) replaced Folkman and Herro as the controlling party of World Liberty Financial in January 2025, AMG retained its contractual revenue rights but lost operational control of the protocol.","confidence":"secondary","firstDocumented":null,"lastDocumented":null,"other":{"id":942,"name":"WLF Holdco LLC","slug":"wlf-holdco-llc","type":"company"}}],"contradictions":[],"permalink":"https://www.goblinhouse.net/entity/axiom-management-group","timelineUrl":"https://www.goblinhouse.net/entity/axiom-management-group/timeline"}