The angry Florida man who has nothing to hide is trying to wriggle out of a questionable business deal. Donald Trump left his board seat at Trump Media and Technology Group just weeks before the company received subpoenas from the Securities and Exchange Commission. Around the same time, Donald Trump Jr. was removed from the TMTG board. According to a report in the Herald-Tribune, the only board of directors remaining are the two men who are the CEO and CFO of the company. Talk about keeping the house clean.
Less than three weeks before the SEC served a series of subpoenas, the board was said to have been removed. A federal grand jury in New York subpoenaed the group. Some of the grand jury subpoenas were for former and current employees of the company.
The social media wing of the TMTG tech and entertainment chimera denied that Trump had left the board. There is no board of directors page on the website. The story was dismissed as fake.
Donald Trump is still on the board of Trump Media and Technology Group despite a fake news story being filed by a reporter who is incapable of understanding state business records. The reporter has no idea what a chairman does. This will help clarify things.
The exact opposite of clarifying the situation is what that statement does. We haven't heard back.
The subject of an SEC investigation for nearly a year, the Digital World Acquisition Group is a shell company that Trump is trying to combine with to take his venture public. Both organizations have received a lot of subpoenas that threaten to ruin the business deal.
The company's business dealings with DWAC were the subject of the SEC subpoena. The DWAC was subpoenaed by the grand jury in order to get a set of documents. The board of directors of DWAC received subpoenas from the SEC and federal grand jury in late June.
Things aren't looking good for the proposed SPAC baby. When it revealed its subpoena situation, DWAC admitted as much as possible.
Reporters from the Herald-Tribune went to the company's office in Florida and found a ghost town with no mention of the company.
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