PoliticsToday

Trump’s New Social Media Platform Is Already Beneath Federal Investigation

Trump’s new social media enterprise was flagged by consultants as a scheme, and the SEC is already investigating.

CNN reported:

In October, Trump introduced a brand new media enterprise that might “stand as much as the tyranny of Large Tech.” That new entity, chaired by the previous president, agreed to go public by means of a merger with Digital World, a Particular Function Acquisition Firm, or SPAC.

In a submitting Monday, Digital World Acquisition Corp. mentioned it obtained a doc and data request from the Securities and Trade Fee in early November. Amongst different objects, Digital World mentioned the SEC request sought paperwork and communications between Digital World and Trump Media and Know-how Group.

Trump and his accomplice bought shares in a enterprise that he had no authorized requirement to finish. In different phrases, Trump might take the cash and by no means have to offer the product.

They might make an enormous announcement, promote plenty of shares, after which by no means must ship the platform. It sounds rather a lot like legalized theft of shareholder funds.

It’s not a coincidence that wherever Donald Trump goes, crime follows.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button