The Securities and Exchange Commission files a federal lawsuit against Patrick Orlando, former CEO and Chairman of Digital World Acquisition Corporation, alleging securities fraud in connection with DWAC’s initial public offering and proposed merger with Trump Media. The SEC alleges Orlando …
Securities and Exchange CommissionPatrick OrlandoDigital World Acquisition CorpTrump Media & Technology Groupsec-lawsuitpatrick-orlandosecurities-frauddwactrump-media+1 more
Trump Media begins trading under ticker DJT at $8.4 billion valuation, with Trump holding 69-78.75% of shares, creating unprecedented presidential conflict of interest through media and financial entanglement. Trading was volatile, with stock price jumping over 50% and trading briefly halted.
Donald TrumpTrump Media & Technology GroupNYSEDigital World Acquisition CorpDonald Trump Jr.truth-socialstock-marketdjt-tickerpresidential-conflictsmedia-ownership+2 more
The Securities and Exchange Commission announced settled fraud charges against Digital World Acquisition Corp (DWAC) for material misrepresentations to investors about merger discussions with Trump Media & Technology Group (TMTG). The SEC found that individuals who would later become …
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FBI and HSI agents arrested Michael Shvartsman, Gerald Shvartsman, and Bruce Garelick on June 29, 2023, for an insider trading scheme related to Digital World Acquisition Corp (DWAC), which was set to merge with Trump Media & Technology Group. The defendants allegedly made over $22 million in …
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Digital World Acquisition Corp (DWAC) terminated CEO Patrick Orlando’s employment, citing “unprecedented headwinds” that necessitated a leadership change. The board appointed Eric Swider as interim CEO after investigations by the SEC and federal prosecutors into potential …
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Trump announces Truth Social through Trump Media & Technology Group, with financial backing from Patrick Orlando who also serves as CEO of Wuhan-based Yunhong International
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Digital World Acquisition Corp (DWAC), a special purpose acquisition company, announced its agreement to merge with Trump Media & Technology Group Corp (TMTG), bringing Trump’s Truth Social platform public. The announcement triggered massive trading volume and price volatility, with DWAC …
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