Trump shenanigans continue

VitaMan's Avatar
Donald Trump removed himself from the board of his social media company just weeks before the company was issued federal subpoenas.


The former president was removed as chairman of the Trump Media and Technology Group, along with five other board members, on June 8, records show, and the Securities and Exchange Commission issued a subpoena to the Florida-based company on June 27 and the a grand jury in the Southern District of New York issued another on July 1, reported the Herald-Tribune.


The investigation appears to be related to the proposed $1.3 billion merger between the media company and a special purpose acquisition company called Digital World Acquisitions Corp., whose directors were served subpoenas seeking similar records to those sought from Trump Media, which issued a statement pledging full cooperation.


However, that statement did not mention Trump -- who had a licensing deal with the company to use his name -- was no longer chairman, but still listed former Rep. Devin Nunes as chief executive officer and businessman Phillip Juhan as chief financial officer.


The other board members removed with Trump were Kashyap Patel, a Nunes ally who served various roles in the former president's administration, Donald Trump Jr., and former Trump assistant Scott Glabe.


SPACs are blank-check companies formed to raise money to go public with the intent to find a company to merge with, but they are prohibited from finding a partner before going public, and the SEC is investigating whether Digital World Acquisitions and Trump Media held premature talks about such a deal.
Yssup Rider's Avatar
What a chickenshit.
oilfieldace's Avatar
TDS is strong in you. Perhaps you have heard Mr Trump isn’t currently the President?
oilfieldace's Avatar
What a chickenshit. Originally Posted by Yssup Rider
I agree Biden is a chicken shit
What a chickenshit. Originally Posted by Yssup Rider
... Surely agree with you here, Yssup.

The Southern District of NY surely like playing these
chicken-shit legal games... And when Trump is back on
as President - we'll see if they fancy the games then.

#### Salty
Yssup Rider's Avatar
Did he know his business was headed for deep shit and get out before it dragged him into yet another prolonged legal battle for his miserable life?

Then yes, he's a chickenshit. With bone spurs.
HedonistForever's Avatar
Wow! "premature talks" is a federal offense, who knew? What is this the NCAA?
Wow! "premature talks" is a federal offense, who knew? What is this the NCAA? Originally Posted by HedonistForever
... Crikey! ... Thanks, mate.

I almost spilled-over me beer from laughing!

#### Salty
VitaMan's Avatar
Wow! "premature talks" is a federal offense, who knew? What is this the NCAA? Originally Posted by HedonistForever

Guess you don't believe in securities regulations.


As for the other comments by the new spammer and the salt man.......get a life.