Can anyone make sense of this for me?

I’ve had a good friend for about a year now that has recently shown me their ledger live wallet that contains about $300M in crypto, ~180 in btc.

They’re extremely young, is blocked by every major bank, and even off brand banks will close their accounts. They own many “companies”, but i don’t see any work being done despite receiving “statements” showing up to $500k revenue a month. I’ve seen quarterly tax payments to the IRS thought.

They’re one of the smartest people I’ve met, with an insane knowledge foundation in crypto/bitcoin/currency but I cannot make sense of this. Is this from scamming? They probably get 50 calls a day from people…. Crypto Rug-pulling?

Just wondering if anyone else has ran into a situation like this. The wallets could be fake I guess, but I’ve seen their ledger live, trezor suite and coin tracker all seeming legit.