Digital World Acquisition Corp Fires CEO Patrick Orlando Amid SEC Investigation

| Importance: 8/10 | Status: confirmed

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 securities fraud related to pre-IPO merger discussions with Trump Media & Technology Group. Orlando had been a key figure in the proposed SPAC merger to take Truth Social public, but remained a director of the company after his removal as CEO.

Key Actors

Patrick Orlando Digital World Acquisition Corp DWAC Trump Media & Technology Group SEC Eric Swider

Tags

dwac patrick-orlando truth-social spac-fraud sec-investigation trump-media corporate-governance

Sources (3)

Help Improve This Timeline

Found an error or have additional information? You can help improve this event.

✏️ Edit This Event ➕ Suggest New Event

Edit: Opens GitHub editor to submit corrections or improvements via pull request.
Suggest: Opens a GitHub issue to propose a new event for the timeline.