Trump Media and Tech Group (NO Politics Allowed) (DJT)

[janice shell]

According to the article:

The financiers - Abraham Cinta, Sergio Camarero, Carlos Lopez and Jesus Emilio Hoyos Quintero - are managing partners of ARC Group Ltd, a Shanghai-based investment bank listed in a regulatory filing as a financial adviser to Digital World Acquisition Corp, the shell company merging with the former U.S. President’s venture.

The chief executive of Digital World is Patrick Orlando, who has acted as the special purpose acquisition company's (SPAC) public face. Digital World touted ARC in one filing as adviser that had contacts in government, corporate, investment and advisory worlds and would help it "get access to quality deal pipeline."

A review of regulatory filings shows that while ARC has been actively involved in the creation of SPACs, especially over the past two years, its executives ran into trouble with the U.S. Securities and Exchange Commission (SEC) in 2017. The regulator sued to block the initial public offerings of three companies where the four men had leading roles, accusing them of misrepresenting their connections, misstating the nature and scope of their businesses and failing to cooperate with regulators.

https://www.yahoo.com/entertainment/trump-media-deal-partner-advisers-095140157.html

However, we also have this, from DWAC on page 121:

ARC Global Investments II LLC, our sponsor, is the record holder of the securities reported herein. Patrick Orlando, our chairman and chief executive officer, is the managing member of our sponsor. By virtue of this relationship, Mr. Orlando may be deemed to share beneficial ownership of the securities held of record by our sponsor. Mr. Orlando disclaims any such beneficial ownership except to the extent of his pecuniary interest. The business address of each of these entities and individuals is 78 SW 7th Street, Miami, Florida 33130.

https://www.sec.gov/Archives/edgar/data/1849635/000110465921071982/tm2117087d1_s1.htm

That appears in every version of the S-1. So what's going on? Is Orlando trying to conceal ARC's past?