Records show that Donald Trump removed himself from the board of his company just weeks before it was subpoenaed by the Securities and Exchange Commission.
State business records show that Trump was one of six board members removed on June 8.
Scott Glabe, a former assistant to Trump who was counsel for the media company, was one of the board members removed.
Trump Media and Technology Group was served a subpoena by the SEC.
A potential criminal investigation is in progress after a grand jury in New York handed the company another federal subpoena.
A recent regulatory filing states that the investigations are related to a proposed merger between Trump's media company and a blank check company.
The company is called Digital World. These companies raise money in order to find a merger partner. SPACs are not allowed to find a partner before going public, but the SEC is looking into the possibility of talks between the two companies.
A listing on the stock exchange for the new company is said to be a result of the merger between the two companies.
Trump's company is moving to a new area.
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Digital World's board of directors received similar subpoenas in the past.
According to Digital World's filing, the grand jury subpoenas served on Trump's company were looking for the same or similar documents demanded in subpoenas to Digital World and its directors.
The documents sought by the SEC are related to Digital World and other potential counterparties for a business transaction involving the company.
Current and former employees of the company were subpoenaed. The people were not identified.
Trump Media said in a statement that it will comply with subpoenas it has received, none of which were directed at the company's chairman or chief executive officer.
The statement didn't mention that Trump is no longer the chairman.
The media company's CEO is a former congressman, according to the company's website. The CFO is a man named Phillip Juhan. The two board members use the same office address.
The removal of Trump and the other board members preceded two federal subpoenas and occurred shortly after Trump registered his company in the state of Florida.
The office is on the second floor of the building.
A note to ring the doorbell for help was all that was needed.
On the same day the SEC served Trump's company with a subpoena, the Herald-Tribune visited the office.
The absence of Trump's name in the office building was notable as the former president has a licensing agreement with Trump Media for use of his name.
The app is owned by Trump's Media company. Trump was banned from the social networking site for making comments about the insurrection.
A social media platform is vital to Trump, as evidenced by his harsh criticism on Truth Social of Cassidy Hutchinson, the former White House aide who told the House select committee that he went to the Capitol during the riots.
It's not known why Trump chose to locate his company in the area, but it's close to the company that uses Truth Social.
11 miles from Trump Media's headquarters is a place called Rumble.
The app struggled with technical issues and was not able to attract followers.
The migration of Truth Social's website and mobile apps to the Cloud infrastructure appeared to be solved on April 22.
On April 18th, four days before the announcement, Trump Media registered as a business with the state of Florida, and the former president of the US was on the board.
Chris Anderson can be reached at the Herald Tribune. Local journalism is supported by purchasing a digital subscription.
The original article was published on the Herald-Tribune.
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