Chase Herro
Chase Herro is a cryptocurrency entrepreneur who co-founded World Liberty Financial (WLFI), a DeFi venture associated with the Trump family. Records indicate he gained access to the Trump family's business orbit through substantial political donations, then became an executive officer of a token venture whose revenue flows predominantly to the president's family. His background spans internet marketing, prior fraud litigation, and a DeFi protocol that suffered a major hack. The WLFI structure raises questions about how unregulated token markets may facilitate the conversion of political access into financial returns.
Chase Thomas Herro is a cryptocurrency entrepreneur and co-founder of World Liberty Financial (WLFI), the Trump family's decentralized finance venture. SEC Form D filings identify him as Executive Officer, Director, and Promoter of WLFI (CIK 0002043140), alongside co-founder Zachary Folkman. Review of corporate records indicates Herro and Folkman operated at least 17 joint companies across U.S. Virgin Islands and Puerto Rico tax havens prior to WLFI. 1 2
Herro's background includes a Wisconsin criminal conviction as a teenager, prior California fraud litigation resulting in a default judgment, and internet affiliate marketing ventures. FEC records show he donated $746,700 to Trump-affiliated political committees on July 30, 2024 -- seven weeks before WLFI's public announcement. He listed his occupation as "RETIRED" on those filings despite active business involvement. 3 4
Analysis of SEC filings and corporate records indicates that through Axiom Management Group LLC, a Puerto Rico entity he co-owns with Folkman, Herro receives 12.5% of WLFI's net protocol revenue, with another 12.5% flowing to Zachary Witkoff's WC Digital Fi LLC and 75% to the Trump family's DT Marks DEFI LLC. By late 2025, the Trump family had reportedly profited over $1 billion from WLFI while holding $3 billion in unsold tokens. 5
Background and Identity
Chase Thomas Herro, age 39, has used the aliases Chase Hero and Chase Herro. A FINRA BrokerCheck record for Chase Roscher Herron (CRD# 7569631) shows an inactive broker with 681 days in the securities industry, no disclosures, and no current employments -- though the surname discrepancy means the match is not confirmed. 6
Review of public records indicates Herro was convicted as a teenager in Wisconsin of theft and marijuana possession, spending nearly two weeks in jail for probation violations. He has described himself as having "cut off his ankle bracelet and fled as a felon to California," though Wisconsin records indicate misdemeanor charges rather than felonies. His financial history includes two car repossessions, a landlord eviction lawsuit, a $32,000 investor fraud judgment, $78,000 in paid federal back taxes after an IRS lien in 2016, and California tax liens totaling $44,000 between 2018 and 2019. He purchased a $4 million home in Boca Raton, Florida, in 2021. 3
Analysis of media and web archives indicates Herro operated in internet affiliate marketing -- including colon cleanse products and get-rich-quick seminars -- before pivoting to cryptocurrency. He led a crypto seminar at Jordan Belfort's home in April 2022 and promoted TerraUSD before its collapse. On podcasts, he self-identifies as the "dirtbag of the internet." 3
The Herro-Folkman Partnership
Zachary Folkman has been Herro's primary business partner since at least 2013. Review of corporate records indicates they co-founded Nexus Group in the U.S. Virgin Islands, a social media advertising firm. By 2014 they launched Pacer Capital, a crypto trading firm also domiciled in the USVI. By 2016, reporting indicates the pair were living in a $12,000-per-month villa in the U.S. Virgin Islands. Together they formed at least 17 companies across USVI and Puerto Rico tax jurisdictions. 1
Their principal pre-WLFI venture was Dough Finance, a DeFi lending protocol that described itself as an "Open Source Protocol to create Non-Custodial Liquidity Markets." On July 12, 2024, Dough Finance was exploited via a flash loan attack that drained approximately $1.96 million -- 608 ETH ($1.8 million) plus $141,000 in USDC -- through a calldata validation flaw. The attacker laundered the funds through Railgun and Tornado Cash privacy protocols; only approximately 76 ETH was recovered through white-hat returns. The Dough Finance website went dark by December 2024. 2
The Dough Finance hack occurred on July 12, 2024. Eighteen days later, on July 30, Herro made his $746,700 donation to Trump committees. Certificate transparency logs show the WLFI SSL certificate was issued on July 6, 2024 -- six days before the hack -- indicating WLFI planning was already underway. 4
WLFI Corporate Structure and Revenue Flows
World Liberty Financial Inc is a Delaware corporation owned by WLF Holdco LLC. Analysis of SEC filings indicates that Herro and Folkman's revenue vehicle is Axiom Management Group LLC (Puerto Rico DoS registration 420115-1511, active), which receives 25% of net protocol revenue -- or a claim on 7.5 billion WLFI tokens. Herro and Folkman agreed to remit 50% of their 25% share to WC Digital Fi LLC, an entity affiliated with the Witkoff family. The remaining 75% flows to DT Marks DEFI LLC, in which Donald Trump holds 70% and family members hold 30%. The effective revenue split is Trump family 75%, Witkoff family 12.5%, and Herro-Folkman 12.5%. 5
Herro holds additional confirmed corporate registrations. HERRO LLC is a Wyoming domestic LLC (filing 2025-001706971, filed June 24, 2025), with a principal office at 30 N Gould St, Suite R, Sheridan, WY 82801 -- a Registered Agents Inc mail drop address. The organizer is Distributed Inc (115 W 27th St #10R, New York, NY 10001), a U.S. incorporation services company. 7
Review of EDGAR filings shows the SEC Form D filed October 30, 2024, listed Herro as Executive Officer, Director, and Promoter of WLFI (CIK 0002043140). A Form D/A amendment filed July 3, 2025, indicated that 97.3% of token sale proceeds flowed to insiders. A Form 3 insider ownership filing appeared November 13, 2025, via Wachtell Lipton. No EDGAR filings exist for Dough Finance or Pacer Capital. Reuters filed a FOIA request with the SEC in April 2025 seeking Tips, Complaints, and Referrals related to Pacer Capital LLC and Chase T. Herro. 8
Political Donations and Timeline
FEC records document that on July 30, 2024, Herro contributed $746,700 to Trump-affiliated committees in a single day, listing his address as 17224 Brulee Breeze Way, Boca Raton, FL 33496, and his occupation as "RETIRED." The donations included $250,000 to the Trump 47 Committee Inc (C00867937), paid in 250,000 USDC stablecoin that was subsequently liquidated; a $250,000 memo entry to the same committee; $41,300 to the Republican National Committee (JFC attribution via Trump 47); $123,900 to the RNC headquarters account; $73,200 to the RNC legal proceedings account; $5,000 to Save America (C00762591); and $3,300 to Never Surrender Inc (C00828541, affiliated with the Trump Bilirakis Victory Fund). 4
These donations fell within a compressed timeline. The WLFI SSL certificate was issued July 6, 2024. The Dough Finance hack occurred July 12. Herro's $746,700 donation followed on July 30 -- seven weeks before WLFI's public announcement on September 16, 2024. The WLFI token sale launched October 15, and the SEC Form D was filed October 30. On January 16, 2025 -- four days before the presidential inauguration -- Aryam Investment 1, an entity linked to Sheikh Tahnoon bin Zayed Al Nahyan, signed a deal acquiring 49% of WLFI for $500 million. Analysis of the revenue structure indicates this delivered an estimated $187 million to Trump entities and $31 million to the Witkoff family. 5 4
Key Relationships
Zachary Folkman is Herro's longest-standing business partner. Review of corporate records indicates they co-founded at least 17 companies together since 2013 and co-own Axiom Management Group LLC, the entity through which both receive their 12.5% share of WLFI revenue. Both are listed as Executive Officers and Directors on the WLFI Form D. 1 7
Steve Witkoff, a longtime Trump donor and real estate developer who now serves as Special Envoy to the Middle East, is reported to have introduced Herro and Folkman to the Trump family. Analysis of corporate filings indicates that WC Digital Fi LLC, a Witkoff affiliate, receives half of the Herro-Folkman revenue share -- effectively 12.5% of WLFI's total proceeds. The arrangement creates a financial relationship between the co-founders and a serving presidential envoy. 5
Zachary Witkoff, Steve's son and CEO of WLFI, sits alongside Herro on the WLF Holdco LLC Board of Managers. Zachary Witkoff also serves as Chairman of ALT5 Sigma Corporation, which in August 2025 raised $1.5 billion to acquire approximately 7.5% of the total WLFI token supply. 9
Eric Trump and Donald Trump Jr serve as Web3 Ambassadors for WLFI. Eric Trump finalized the $500 million Abu Dhabi deal before the January 2025 inauguration. Donald Trump Jr promoted WLFI alongside Herro on social media livestreams. Analysis of the revenue structure indicates the Trump family receives 75% of net revenue through DT Marks DEFI LLC. 5
Chase Herro
Legal Proceedings
Herro faces active federal litigation in Lopez v. Herro (Case No. 1:2025cv20405, U.S. District Court, Southern District of Florida), filed January 27, 2025. Plaintiff Jonathan Lopez alleges he invested approximately $1 million in Ethereum in Dough Finance in May 2024 and lost everything in the July 2024 flash loan attack. The complaint asserts claims for negligent misrepresentation, breach of fiduciary duty, fraud, and violations of the Florida Securities and Investor Protection Act. Lopez alleges that Herro promised to reimburse approximately 300 ETH but subsequently reneged. The defense has sought dismissal or arbitration, characterizing Lopez as a sophisticated investor who understood the risks. Trial is set for April 2026 in Miami federal court. 10
Earlier California litigation includes Haimof v. Herro (BC440596, Los Angeles County Superior Court), a fraud tort case filed July 1, 2010, which resulted in a default judgment on July 26, 2011 — indicating Herro failed to appear or respond. A separate action, JPMorgan Chase Bank NA v. Chase T. Herro, was filed November 8, 2010, in San Diego County Superior Court as a commercial debt collection matter demanding $10,000 to $25,000, and was dismissed without prejudice. A Ripoff Report posted April 2, 2011, alleges Herro engaged in investment fraud through entities called Moblife and Pluggd. 11
Regulatory and Media Landscape
Analysis of GDELT media monitoring data identified 12 articles mentioning Chase Herro between January and February 2026, with predominantly critical or investigative framing. Coverage topics included the WLFI lending platform launch, USD1 stablecoin deals with Pakistan, the Abu Dhabi sovereign investment, WLFI token holders unable to liquidate $550 million in locked tokens, and a Trump family Mar-a-Lago crypto summit. International outlets from India, Australia, Iran, Pakistan, and Nigeria published coverage emphasizing geopolitical concern. 12
A review of sanctions and regulatory databases returned no results for Chase Herro in OpenSanctions. No entities matching Herro were found in Nevada, New Jersey, or Texas corporate registries. The FINRA BrokerCheck record (if the Chase Roscher Herron match is correct) shows no regulatory disclosures. 13
The broader WLFI regulatory environment has drawn Congressional scrutiny. Senator Elizabeth Warren and Senate Banking Committee Democrats have demanded answers regarding Steve Witkoff's failure to divest WLFI cryptocurrency assets while serving as Special Envoy. The May 2025 UAE-WLFI $2 billion deal via Binance and MGX -- in which WLFI's stablecoin was the settlement instrument -- occurred while Steve Witkoff was simultaneously negotiating diplomatic matters with UAE officials. 12
All Connections
8 total
All Connections
8 totalHerro donated $746K to Trump PACs July 2024, then co-founded WLFI with Trump family as promoters
Co-founders, executive officers, and directors of World Liberty Financial Inc per SEC Form D
Co-founders of 17+ companies since 2013 including Nexus Group (USVI), Dough Finance (DeFi), Axiom Management Group LLC (PR, WLFI revenue vehicle). Co-owners of WLFI receiving 12.5% each of net revenue.
Witkoff introduced Herro to Trump family. WC Digital Fi LLC (Witkoff) receives 50% of Herro/Folkman WLFI share. Witkoff is longtime Trump donor, real estate developer, now Special Envoy.
Eric Trump is Web3 Ambassador for WLFI. Eric finalized $500M Abu Dhabi deal before 2025 inauguration. Herro is co-founder/Executive Officer of same entity.
Co-members of WLF Holdco LLC Board of Managers. Both involved in WLFI operations.
Herro co-owns Axiom Management Group LLC with Folkman. Herro is self-described 'dirtbag of the internet' with prison history and prior Dough Finance venture that was hacked for .1M
Trump Jr is Web3 Ambassador for WLFI. Herro is co-founder/Executive Officer. Both promoted WLFI on social media livestream.
All Findings
14 total
All Findings
14 totalfinancial (4)
Herro donated $746,700 to Trump PACs on July 30, 2024 — 7 weeks before WLFI announcement
FEC records show Chase Herro (17224 Brulee Breeze Way, Boca Raton FL 33496) donated $746,700 to Trump-affiliated committees on a single date (July 30, 2024), listing himself as RETIRED. Largest donation: $250,000 x2 to NEVER SURRENDER INC (C00828541, affiliated with TRUMP BILIRAKIS VICTORY FUND). This was 7 weeks before the WLFI public announcement (Sep 16, 2024) and while WLFI was being formed. He was simultaneously an Executive Officer and Director of WLFI per the Form D filed Oct 30 2024.
FEC records: Chase Herro donated $746,700 to Trump PACs on July 30, 2024 -- single day, 7 weeks before WLFI announced Sept 16 2024. Includes $250,000 to Trump 47 Committee (paid in 250,000 USDC stablecoin, liquidated), $250,000 memo entry, $41,300 to RNC, $123,900 to RNC, $73,200 to RNC, $5,000 to Save America, $3,300 to Never Surrender Inc. All from Boca Raton FL, listed as RETIRED.
Donation breakdown from FEC records, all dated 2024-07-30: (1) $250,000 to Trump 47 Committee Inc (C00867937) as individual contribution, receipt_type_full shows 250000 USDC LIQUIDATED -- crypto stablecoin donation; (2) $250,000 memo to same committee referencing SA11AI.125408768; (3) $41,300 to RNC (C00003418) JFC attrib Trump 47 Committee; (4) $123,900 to RNC headquarters account; (5) $73,200 to RNC legal proceedings account (2024 aggregate; JFC attrib Trump 47); (6) $5,000 to Save America (C00762591); (7) $3,300 to Never Surrender Inc (C00828541). All list contributor as RETIRED from Boca Raton FL 33496. The crypto donation (USDC) is notable as Trump 47 was one of first PACs accepting crypto. Total of $746,700 in a single day, 7 weeks before WLFI public announcement.
WLFI revenue structure: DT Marks DEFI LLC (Trump family, 70% Trump/30% family) receives 75% of net protocol revenue. Axiom Management Group LLC (PR LLC, Herro/Folkman) receives 25%. Herro and Folkman agreed to send 50% of their share to WC Digital Fi LLC (Witkoff family). Net split: Trump family 75%, Witkoffs 12.5%, Herro/Folkman 12.5%. Herro and Folkman collected at least $65 million. Trump family received $400+ million.
Corporate structure: World Liberty Financial Inc (DE corp) owned by WLF Holdco LLC. DT Marks DEFI LLC owns ~40% of WLF Holdco, receives 75% of token sale proceeds. DT Marks DEFI: Trump owns 70%, family 30%. Axiom Management Group LLC (PR registration 420115-1511, active) owned by Herro and Folkman, receives 25% of net revenue (or 7.5B WLFI tokens). Herro/Folkman split half of their 25% to WC Digital Fi LLC (Witkoff affiliate). Result: Trump 75%, Witkoff 12.5%, Herro/Folkman 12.5%. By Dec 2025, Trump family profited $1B, holding $3B unsold tokens. WLFI generated $1.4B in 16 months per Benzinga. Jan 2025: Abu Dhabi investors acquired 49% of WLFI for $500M, delivering $187M to Trump entities and $31M to Witkoffs.
Chase Herro FEC donations: ,700+ to Trump-affiliated committees on a SINGLE DAY (Jul 30, 2024). Includes: ,000 x2 to C00867937 (Trump 47 Committee), ,900+,300+,200 to RNC (C00003418), ,000 to Trump Save America JFC (C00762591), ,300 to Trump Bilirakis Victory Fund (C00828541). Listed employer: RETIRED. A WLFI co-founder who claims to be retired donated three-quarters of a million dollars to Trump on the same day he was building the venture that would later sell 49% to Abu Dhabi for M.
legal (2)
Lopez v. Herro (1:2025cv20405, SDFL): Jonathan Lopez filed fraud complaint Jan 27, 2025 against Chase Herro. Lopez invested ~$1M ETH in Dough Finance in May 2024, lost everything in July 2024 hack. Alleges negligent misrepresentation, breach of fiduciary duty, fraud, violations of FL Securities Act. Herro allegedly promised to reimburse ~300 ETH, then reneged. Trial set April 2026 in Miami. Defense seeks dismissal/arbitration.
Case: Lopez v. Herro, Case No. 1:2025cv20405, US District Court Southern District of Florida. Filed: January 27, 2025. Plaintiff: Jonathan Lopez. Defendant: Chase Herro (also known as Chase Hero). Claims: negligent misrepresentation, breach of fiduciary duty, fraud, violations of Florida Securities and Investor Protection Act. Background: Lopez invested approximately $1 million in Ethereum in Dough Finance in May 2024. In July 2024, platform suffered flash loan attack losing all user funds. Herro allegedly promised to reimburse Lopez approximately 300 ETH but later reneged. Defense: filed for dismissal or arbitration, calling Lopez a sophisticated investor who understood risks. Trial: April 2026 in Miami federal court.
Prior litigation: (1) Ofir Haimof vs Chase Herro et al (BC440596, LA County Superior Court, filed July 1, 2010) - fraud tort case, default judgment by court before trial on July 26, 2011, Judge Joanne B. O'Donnell; (2) JPMorgan Chase Bank NA vs Chase T Herro (San Diego County Superior Court, filed Nov 8, 2010) - commercial contract/debt case demanding $10K-25K, dismissed without prejudice.
Two earlier California lawsuits: (1) Haimof v. Herro: Ofir Haimof filed Personal Injury/Torts/Fraud against Chase Herro in LA County Superior (Stanley Mosk Courthouse) on 2010-07-01. Default judgment entered 2011-07-26 -- Herro apparently failed to appear/respond. (2) JPMorgan Chase Bank NA v. Herro: Filed 2010-11-08 in San Diego County (North County Regional), commercial debt collection, demand $10K-25K. Dismissed without prejudice. Additionally, Ripoff Report posted April 2, 2011 alleges Herro involved in investment fraud via Moblife and Pluggd entities, claiming he convinces people he's an internet millionaire seeking investors then steals money.
intelligence (3)
Dough Finance flash loan hack: On July 12, 2024, Dough Finance (Herro's DeFi protocol) was exploited for ~$1.96M via flash loan attack. 608 ETH ($1.8M) plus $141K USDC stolen. Attacker exploited calldata validation flaw in ConnectorDeleverageParaswap contracts. Funds laundered via Railgun ZK protocol and Tornado Cash. Only ~76 ETH recovered via white hat returns.
Dough Finance described itself as 'Open Source Protocol to create Non-Custodial Liquidity Markets to earn interest on supplying and borrowing assets.' Hack timeline: July 12 2024 exploit, attacker transferred 608 ETH (~$1.8M) + $141K USDC = ~$1.96M total. Root cause: lack of calldata validation in ConnectorDeleverageParaswap call chain allowing arbitrary calls. Attacker used Railgun ZK protocol, sent 108 ETH to another address, then 100 ETH to Tornado Cash, next day 500 ETH to Tornado Cash. Partial recovery: white hat EOA returned 69.12 ETH, MEV bot c0ffeebabe.eth returned 7.05 ETH. Wayback shows dough.finance was active through Aug 2024, then went 401 by Dec 2024. Site first appeared Nov 2021, was operational by July 2024.
WLFI news coverage pattern (GDELT): 12 articles mentioning Chase Herro from Jan-Feb 2026, covering WLFI lending platform launch, USD1 stablecoin deals with Pakistan, Abu Dhabi spy sheikh $500M investment, token plummet trapping $550M of fan money, and Trump family Mar-a-Lago crypto summit. Coverage spans US, India, Australia, Iran, Pakistan, Nigeria media.
GDELT articles chronology: 2026-01-13 WLFI launches lending platform (bravenewcoin); 2026-01-14 USD1 stablecoin on Myriad (Yahoo Finance); 2026-01-15 Pakistan signs USD1 stablecoin deal (samaa.tv, firstpost); 2026-01-23 Quidax P2P (techcabal); 2026-01-30 Trump fans $550M locked in WLFI token plummet (Yahoo Finance/DLNews); 2026-01-31 Trump fans begging to get out (techstory.in); 2026-02-01 Abu Dhabi spy sheikh $500M investment 4 days before inauguration (PressTV Iran, hindustantimes, theage.com.au); 2026-02-08 One generation runs country next cashed in on crypto (livemint); 2026-02-18 Trump family crypto deals/power at Mar-a-Lago they created a monster (NYPost). Tone mostly negative/critical. International coverage heavy from India, Australia, Iran, Pakistan -- geopolitical concern angle.
OpenSanctions: No results for Chase Herro. ICIJ: Tool unavailable (neo4j not installed). No offshore leaks data found. Negative results for NV/NJ/TX state registries (no HERRO entities matching). No FINRA disclosures. FINRA record shows InActive with 681 industry days and zero current employments.
Negative search results: OpenSanctions search returned 0 hits. ICIJ offshore leaks database unavailable. NV SoS: no HERRO entity (only HERRO TREATS LLC, dissolved, unrelated). NJ SoS: 38 results but no HERRO entity. TX Comptroller: 100+ results for HERRO surname but no Chase Herro entities visible. FINRA BrokerCheck: Chase Roscher Herron CRD 7569631, InActive, 681 days in industry, no disclosures (N flag), zero current or past employments listed, not in IA scope. CourtListener tool broken (requests module missing). Dough Finance not found in EDGAR. Pacer Capital not found in PR DoS.
identity (4)
FINRA: Chase Roscher Herron (possible match) — InActive broker, 681 days in industry, no disclosures
FINRA BrokerCheck returned one possible match: Chase Roscher Herron (FINRA ID 7569631), InActive scope, no current employments, 681 days in the securities industry. No disclosure flag. Note: last name is Herron not Herro — may or may not be the same person. No firm affiliations found. If same person, the brief industry stint and inactivity are notable for someone now running a securities offering.
Chase Thomas Herro identity profile: co-founder/Executive Officer/Director/Promoter of WLFI (SEC CIK 0002043140). FINRA: Chase Roscher Herron CRD# 7569631, InActive. Address: 17224 Brulee Breeze Way, Boca Raton FL 33496. Self-described dirtbag of the internet. Prison history (marijuana dealing). Founded 17+ companies with Folkman across USVI/PR tax havens.
Full name: Chase Thomas Herro (aliases: Chase Hero, Chase Herro). FINRA name variant: Chase Roscher Herron. Boca Raton FL address per FEC. Prior address: West Hollywood CA. Lists occupation as RETIRED on FEC filings despite active business involvement. Background: prison for marijuana dealing, internet advertising/affiliate marketing, colon cleanse products, get-rich-quick class. Prior entities: Moblife, Pluggd, Nexus Group (with Folkman, 2013, social media advertising), Pacer Capital (2014, crypto trading firm, USVI). By 2016 living in 12K/month USVI villa with Folkman. Together formed at least 17 companies in USVI and PR tax havens.
Corporate entities confirmed: (1) Axiom Management Group LLC - Puerto Rico LLC (reg 420115-1511), ACTIVE, co-owned by Herro and Folkman, receives 25% of WLFI net revenue; (2) HERRO LLC - Wyoming domestic LLC (filing 2025-001706971), filed June 24 2025, ACTIVE, principal office 30 N Gould St Ste R Sheridan WY 82801, organized by Distributed Inc (115 W 27th St #10R NY NY 10001), RA: Registered Agents Inc; (3) World Liberty Financial Inc - DE corp (SEC CIK 0002043140), address 407 Ayre St #1358 Wilmington DE 19804, phone 206-271-7417 (Seattle area code).
Registry-confirmed entities linked to Chase Herro: (1) AXIOM MANAGEMENT GROUP LLC - PR DoS businessEntityId 796053, registration 420115-1511, LLC, For Profit, ACTIVE. This is the shell promoter entity from WLFI Form D, address matches Folkman in Dorado PR. Gets 25% of WLFI net revenue, splits 50% of that to WC Digital Fi LLC (Witkoff). (2) HERRO LLC - WY filing 2025-001706971, domestic LLC, Active, filed 2025-06-24, perpetual duration. Principal: 30 N Gould St Ste R Sheridan WY 82801 (Registered Agents Inc mail drop). Organizer: Distributed Inc (115 W 27th St #10R, NY 10001) - a US incorporation services company. No officers/members listed. (3) WLFI Inc - EDGAR shows DE incorporation, stateOfIncorporation DE, address 407 Ayre St #1358 Wilmington DE 19804 (likely registered agent), phone 2062717417. (4) DT Marks DEFI LLC - Trump entity, DE-based, 75% revenue. (5) WC Digital Fi LLC - Witkoff entity. (6) WLF Holdco LLC - holding company for WLFI Inc. No HERRO entities found in NV, NJ, or TX registries.
Chase Herro: self-described 'dirtbag of the internet,' criminal history, K fraud judgment, K tax liens, co-founder of WLFI with Folkman
Chase Herro, age 39. Criminal history: convicted as teenager of theft and marijuana possession in Wisconsin; spent nearly 2 weeks in jail for probation violations. Claims to have 'cut off his ankle bracelet and fled as a felon to California' (though WI records show misdemeanors). Financial issues: two car repossessions; landlord eviction lawsuit; investor fraud judgment of ,000; paid K in federal back taxes (2016) after IRS lien; California tax liens totaling K (2018-2019). Purchased M home in Boca Raton, FL (2021). Formerly operated Pacer Capital (crypto trading firm, USVI). Claims M in e-commerce sales (2019 podcast claim). Led crypto seminar at Jordan Belfort's home (April 2022); promoted TerraUSD before its collapse. Self-calls 'dirtbag of the internet' on podcasts.
document (1)
SEC EDGAR: WLFI filed 3 documents. Form D (2024-10-30) original Reg D offering, Form D/A amendment (2025-07-03), and Form 3 insider ownership (2025-11-13 by third party via Wachtell Lipton). Note insiderTransactionForOwnerExists=1 in EDGAR. No Dough Finance or Pacer Capital filings found in EDGAR. Reuters FOIA request to SEC sought Tips/Complaints/Referrals (TCRs) related to Pacer Capital LLC and its manager Chase T. Herro.
EDGAR filings for WLFI (CIK 0002043140): (1) 2024-10-30 Form D - original Reg D offering, file 021-528154, item 06C (pooled investment fund), business DE. (2) 2025-07-03 Form D/A - amendment to same. (3) 2025-11-13 Form 3 - insider ownership filing (accession 0001104659-25-111655), filed by Wachtell Lipton, file 000-19621. EDGAR notes insiderTransactionForOwnerExists=1 and insiderTransactionForIssuerExists=0. SEC FOIA: Reuters reporter Lawrence Delevingne filed April 25 2025 FOIA request for TCRs related to Pacer Capital LLC and Chase T. Herro. No EDGAR results for Dough Finance. Axiom Management EDGAR search returned 68 hits but all for unrelated AXIOM MANAGEMENT INC (CIK 1434954, CA temp staffing company).