Facts (54)
Data Freshness
Ageing
Last update: 160d ago · Avg age: 298d
Confidence Tiers:
Primary Source — cross-referenced government/corporate filings
Pending Review — sourced but not independently verified
AI Inference — analytical hypothesis from cross-referencing
✓ Verified Findings (42)
Independently re-checked: a second model read the source artifact and confirmed it supports the extracted claim.
✓ verified
AI Inference
CONFLICT OF INTEREST: Herro occupies a unique position as financial intermediary between the sitting U.S. President family and a largely unregulated DeFi ecosystem. His Axiom Management Group 12.5% net revenue stake creates direct financial incentives to maximise WLF token sales and platform revenue, while the Trump administration simultaneously shapes crypto regulatory policy.
Added: 15 Apr 2026
✓ verified
AI Inference
PATTERN ANALYSIS: Herro business trajectory shows consistent pattern across at least 17 entities: launch with high-profile branding, extract early revenue, face legal disputes, dissolve entity, move to next venture. Progression: Nexus Group (dissolved) to Pacer Capital (defunct) to Subify (canceled) to Dough Finance (hacked/inactive) to World Liberty Financial follows this pattern at dramatically larger scale ($550M+ vs prior ventures in thousands).
Added: 15 Apr 2026
✓ verified
AI Inference
REGULATORY GAP: The Dough Finance lawsuit (Lopez v. Herro, S.D. Fla.) alleges Herro operated an unregistered securities platform. If the court finds Dough Finance constituted unregistered securities, this could have regulatory implications for World Liberty Financial, built by the same team using similar code. Trial date (April 2026) coincides with Herro continued WLF involvement.
Added: 15 Apr 2026
✓ verified
Pending Review
As of April 2026, Herro continues to be listed among those maintaining daily operations of World Liberty Financial alongside Folkman, Alex Witkoff, and Zach Witkoff.
Added: 15 Apr 2026
✓ verified
Pending Review
In January 2026, World Liberty Trust (owned by WLF, with Zach Witkoff as president) applied for a national banking licence in the U.S.
Added: 15 Apr 2026
✓ verified
Pending Review
U.S. House Financial Services Committee Democrats highlighted World Liberty Financial and Herro during 'Anti-Crypto Corruption Week' in July 2025, describing the venture as blurring 'the line between presidential power and private profit.'
Added: 15 Apr 2026
✓ verified
Pending Review
Court records show Herro owns a 34-foot boat called 'Clickbait.'
Added: 15 Apr 2026
✓ verified
Pending Review
Herro and Folkman have formed at least 17 companies together or separately, gravitating to U.S. Virgin Islands and Puerto Rico — both tax havens.
Added: 15 Apr 2026
✓ verified
Pending Review
In a now-deleted 2018 YouTube video filmed while driving a Rolls-Royce, Herro made statements about the crypto industry. He frequently showcased luxury cars and private jets on social media.
Added: 15 Apr 2026
✓ verified
Pending Review
Bloomberg profiled Herro background as including ventures in 'weed, weight-loss colon cleanses, a $149-a-month get-rich-quick class.'
Added: 15 Apr 2026
✓ verified
Pending Review
Cornell economics professor Eswar Prasad stated Herro and Folkman did not appear to have the technical or financial savvy to make WLF work. Former SEC official John Reed Stark called the project 'a bunch of nonsense, and a terrible opportunity for investors.'
Added: 15 Apr 2026
✓ verified
Pending Review
Herro filed with the SEC on 30 October 2024 in connection with World Liberty Financial. (SEC EDGAR)
Added: 15 Apr 2026
✓ verified
Pending Review
In January 2025, the Trump family consolidated control of World Liberty Financial through WLF Holdco LLC (60% owned by DT Marks DEFI LLC), replacing Herro and Folkman as sole directors and members.
Added: 15 Apr 2026
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Pending Review
The UAE Abu Dhabi royal family (via MGX, led by Tahnoun bin Zayed Al Nahyan) purchased $2 billion of USD1 stablecoins and secretly acquired a 49% stake in World Liberty Financial for ~$500 million prior to Trump second inauguration.
Added: 15 Apr 2026
✓ verified
Pending Review
Despite removal as controlling party, Herro remains operationally involved in World Liberty Financial through Axiom Management Group revenue share and continued operational role.
Added: 15 Apr 2026
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Pending Review
World Liberty Financial sold over $550 million worth of WLFI tokens. Herro and Folkman collected at least $65 million; Trump family received approximately $400 million.
Added: 15 Apr 2026
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Pending Review
By December 2025, the Trump family had profited $1 billion on WLF proceeds while holding $3 billion worth of unsold tokens.
Added: 15 Apr 2026
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Pending Review
World Liberty Financial launched the USD1 stablecoin in March 2025, a dollar-pegged stablecoin backed by U.S. treasuries. USD1 reached $2 billion in circulation, primarily held by Binance.
Added: 15 Apr 2026
✓ verified
Pending Review
President Trump pardoned Changpeng Zhao (former Binance CEO convicted of AML compliance failures) in 2025, after Binance had helped enrich World Liberty Financial by holding USD1 stablecoins.
Added: 15 Apr 2026
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Pending Review
Shortly after the UAE investment in WLF, the Trump administration approved a plan to provide hundreds of thousands of advanced computer chips to a UAE company controlled by Tahnoun bin Zayed Al Nahyan, despite national security concerns. Legal experts described the deal as a potential emoluments clause violation.
Added: 15 Apr 2026
✓ verified
Pending Review
Lopez lawsuit accuses Herro of operating Dough Finance without proper SEC registration and characterises the platform as offering unregistered securities. Herro allegedly charged a 5% fee on deposits.
Added: 15 Apr 2026
✓ verified
Pending Review
After the Dough Finance hack, the team recovered approximately 76.2 ETH (~$281,000). ~$180,000 distributed to select addresses. Many investors reported not receiving reimbursements despite a governance vote passing with 99.5% support for reimbursement.
Added: 15 Apr 2026
✓ verified
Pending Review
Jonathan Lopez filed civil fraud lawsuit against Herro in U.S. District Court, S.D. Florida on 27 January 2025. Allegations: negligent misrepresentation, breach of fiduciary duty, fraud, violations of Florida Securities Act related to Dough Finance. ~$1M Ethereum at issue. Trial scheduled April 2026.
Added: 15 Apr 2026
✓ verified
Pending Review
Dough Finance codebase and development team (Herro, Folkman, Lojnita, Purnavel) formed the technical backbone of World Liberty Financial. CoinDesk documented striking similarities between Dough Finance and early WLF user interfaces via now-deleted GitHub code.
Added: 15 Apr 2026
✓ verified
Pending Review
Herro and Folkman were connected to the Trump family through Steve Witkoff approximately nine months before the September 2024 public announcement of World Liberty Financial.
Added: 15 Apr 2026
✓ verified
Pending Review
World Liberty Financial was announced by Donald Trump and sons on a livestream in September 2024. Herro was listed as 'data and strategies lead' and Folkman as 'head of operations' in the whitepaper.
Added: 15 Apr 2026
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Pending Review
Herro and Folkman served as sole signers of World Liberty Financial Multi-Sig Wallet, giving them exclusive control over the project financial operations at launch.
Added: 15 Apr 2026
✓ verified
Pending Review
WLF 'Gold Paper' (October 2024) disclosed: DT Marks DEFI LLC (Trump family) receives 75% of net protocol revenue; Axiom Management Group (Herro/Folkman) receives 25%.
Added: 15 Apr 2026
✓ verified
Pending Review
Herro co-built Dough Finance, a DeFi lending protocol, with Folkman and developers Octavian Lojnita and Bogdan Purnavel. In July 2024, a flash loan attack resulted in loss of approximately $2.1 million. Platform now inactive.
Added: 15 Apr 2026
✓ verified
Pending Review
Axiom Management Group allocated 50% of its WLF revenue rights to WC Digital Fi LLC (Steve Witkoff affiliate). This gives Herro and Folkman a net 12.5% cut of WLF revenue.
Added: 15 Apr 2026
✓ verified
Pending Review
Herro co-founded the Nexus Group with Zachary Folkman in 2013, a social media advertising company in the U.S. Virgin Islands. Multiple lawsuits including American Express suit for $77,000 in unpaid bills. Now dissolved.
Added: 15 Apr 2026
✓ verified
Pending Review
Herro self-describes as a 'dirtbag of the internet' and has publicly stated he can 'sell anything to anyone.' (NYT/Bloomberg, October 2024)
Added: 15 Apr 2026
✓ verified
Pending Review
Herro has a documented criminal history including prison time for drug-related charges, which he discussed publicly on Logan Paul's 'Impaulsive' podcast.
Added: 15 Apr 2026
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Pending Review
Herro claims to have made his first fortune in internet advertising and has acknowledged dealing marijuana as a young man. (Bloomberg News)
Added: 15 Apr 2026
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Pending Review
Herro and Folkman started 'The Watchers,' a Facebook page and YouTube channel (2,280 subscribers) dedicated to crypto information and entrepreneurial advice, beginning in 2015.
Added: 15 Apr 2026
✓ verified
Pending Review
Herro and Folkman operated 'mastermind groups' — private networking clubs with steep entry fees — and sold online e-commerce courses.
Added: 15 Apr 2026
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Pending Review
Herro and Folkman co-founded Subify in 2020, a Puerto Rico subscription platform marketed as censorship-free alternative to Patreon/OnlyFans. Client sued after website crashed on launch. Canceled in Puerto Rico registry by end of 2023.
Added: 15 Apr 2026
✓ verified
Pending Review
In April 2022, Herro led a crypto seminar at Jordan Belfort's home (convicted fraudster, 'The Wolf of Wall Street'). Herro recommended TerraUSD as 'one of the coolest assets in history.' TerraUSD collapsed one month later, wiping out billions.
Added: 15 Apr 2026
✓ verified
Pending Review
Herro founded Pacer Capital LLC, a crypto trading firm in the U.S. Virgin Islands, in 2014. Now defunct. Reuters filed FOIA request with SEC seeking tips/complaints related to Pacer Capital and Herro.
Added: 15 Apr 2026
✓ verified
Pending Review
Reuters journalist Lawrence Delevingne filed a FOIA request with the SEC on 25 April 2025, seeking 'Tips, Complaints and Referrals (TCRs) related to Pacer Capital LLC and its manager Chase T. Herro, who also goes by Chase Hero.'
Added: 15 Apr 2026
✓ verified
Pending Review
Chase Herro's full legal name is Chase T. Herro; he also goes by the alias 'Chase Hero.' SEC FOIA request by Reuters confirmed this alias in April 2025.
Added: 15 Apr 2026
✓ verified
Partially Corroborated
Chase Herro filed filing with the SEC on 2025-07-03. Accession number: N/A.
All Connections (20)
business_partner
confirmed
Longtime business partner since ~2013. Co-founded Nexus Group, The Watchers, Subify, Dough Finance, Axiom Management Group, and World Liberty Financial together. Both based in Puerto Rico.
co-owner, co_owner
primary
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%. · 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.
business_association
confirmed
Business partner through World Liberty Financial. Connected via Steve Witkoff ~9 months before September 2024 launch. Trump DT Marks DEFI LLC receives 75% of WLF net protocol revenue.
business_association
confirmed
World Liberty Financial management. Trump Jr. publicly endorsed Herro, claiming he and Folkman would 'smoke the people in the room' at Goldman Sachs.
business_association
confirmed
Actively involved in World Liberty Financial management and promotion alongside Herro.
intermediary
confirmed
NY real estate developer and Trump friend ($2M to pro-Trump PAC) who introduced Herro and Folkman to Trump family. Witkoff WC Digital Fi LLC receives 50% of Axiom Management Group WLF revenue allocation.
founder
confirmed
Co-founder of World Liberty Financial. Son of Steve Witkoff. President and chairman of World Liberty Trust (banking licence applicant, January 2026).
founder
confirmed
Co-founder of World Liberty Financial. Son of Steve Witkoff.
founder
confirmed
Crypto trading firm founded by Herro in 2014 in USVI. Defunct. Reuters filed FOIA request with SEC in April 2025 re: Pacer Capital and Herro.
membership
confirmed
In April 2022 Herro led crypto seminar at Belfort home. Recommended TerraUSD as 'one of the coolest assets in history' — one month before its collapse wiped out billions.
contractor
confirmed
Trump family entity owning ~60% of WLF Holdco LLC. Receives 75% of WLF net protocol revenue. Herro WLF Inc. entered service agreement with DT Marks DEFI LLC for Trump brand alignment.
founder
confirmed
Co-built Dough Finance DeFi lending protocol with Folkman, Lojnita, and Purnavel. Hacked for ~$2.1M July 2024. Now inactive. Codebase and team formed technical foundation for World Liberty Financial.
founder
confirmed
Social media advertising company co-founded with Folkman in 2013 in USVI. Multiple lawsuits. AmEx suit for $77K in unpaid bills. Dissolved.
founder
confirmed
Subscription platform co-founded with Folkman in 2020 in Puerto Rico. Censorship-free Patreon/OnlyFans alternative. Client lawsuits. Canceled 2023. Dissolved.
founder
confirmed
Previously listed as sole director and member before Trump family consolidation
investor
confirmed
Tron founder purchased at least $75M of WLFI tokens and was named WLF advisor. After Trump took office, SEC reportedly backed off investigation into Sun companies.
oversight
confirmed
Herro filed with SEC re: WLF (Oct 2024, Jul 2025). Reuters filed FOIA seeking complaints re: Pacer Capital and Herro. Dough Finance lawsuit alleges operation without SEC registration.
subject_of_scrutiny
confirmed
Committee Democrats highlighted Herro WLF involvement during Anti-Crypto Corruption Week July 2025, citing conflicts of interest between presidential power and private profit.
Former controlling party replaced
primary
since 2025
WLF Holdco LLC was formed to serve as the new parent holding company for World Liberty Financial, Inc., replacing co-founders Zak Folkman and Chase Herro as the controlling party.
founder
inferential
since 2026
World Liberty Trust applied for a national banking license through the OCC in January 2026. Chase Herro is a known figure associated with World Liberty Financial as a co-founder or key business partner involved in the crypto/DeFi venture.
Sources (25)
2026-05-09
UNVERIFIED SEARCH_ERROR: Chase Herro not found in fec
claim_flag
Processed
📜 Receipt
2026
UNVERIFIED Research: Chase Herro — FEC donations (no results)
fec_record
Processed
📜 Receipt
2026
UNVERIFIED Research: Chase Herro — Parliamentary records (no results)
parliamentary_record
Processed
📜 Receipt
2026
UNVERIFIED Research: Chase Herro — Court records (no results)
court_document
Processed
📜 Receipt
2026
UNVERIFIED Research: Chase Herro — Lobbying disclosures (no results)
government_disclosure
Processed
📜 Receipt
