A federal grand jury in New York issued subpoenas for board members of the special purpose acquisition company that plans to take former President Donald Trump’s social media site "Truth Social" public.
This is in addition to the SEC probe of Digital World Acquisition Corp.
"The investigation came after multiple outlets reported Trump had met with DWAC Chief Executive Patrick Orlando before the company went public," Forbes reported. "The meeting could have broken SEC rules that prohibit SPACs from identifying a target company before raising money."