Can only see -- Trump’s Truth Social merger partner settles fraud charges with SEC over misleading investors
" I'm not sure if Orlando's been charged criminally. Has he?"
Regulators say Digital World Acquisition Corporation was created to buy Trump’s media company but didn’t disclose that to investors
ByLukas I. Alpert Published: July 20, 2023 at 6:10 p.m. ET
[...]
A publicly traded investment vehicle that has announced plans to merge with Donald Trump’s Truth Social media company has reached a settlement with the Securities and Exchange Commission over fraud charges that it misled investors about the deal.
As part of the settlement, the Digital World Acquisition Corporation DWAC — a special purpose acquisition company (SPAC), or “blank check” company formed in 2021 — was ordered to pay an $18 million civil penalty fee in the event that it completes its planned merger with the Trump Media and Technology Group and takes it public.
Right now orlando is the only defendant and his lawsuit is independent of others against djt company. Jury trail demanded, so it looks like prison for orlando finally. But he's a total crook and another weirdo that will flee the country. If he's even here any more.
On top of all that, I'm fairly sure a announced spac isn't supposed to merge with itself, but a true arms length non related company. Maybe all that has changed, don't know for sure.
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