The Washington Post reported Saturday that Donald Trump's media company fired an executive after he spoke with the newspaper about a SEC complaint.
The senior vice president of operations at Trump Media and Technology was one of the first employees.
According to the Post, the company was accused of using fraudulent misrepresentations in its bid to be taken public via an investment vehicle known as SPAC.
According to the article, there was tension between the CEO and one of the most loyal defenders of the president. Another executive said that Trump pressured him to give shares to his wife.
A spokeswoman for Trump Media pushed back on the Post's story and said that Truth Media is available on the Apple App Store, the Google Play Store and the SAMSUNG's GALAXY Store. The spokeswoman said that President Trump hired a CEO to create a culture of compliance and build a world class team to lead Truth Social.
A request for comment was not immediately responded to by Digital World Acquisition Corp.
CNBC reached out to the lawyers for the case.
The Post reported that Trump Media fired Wilkerson for making unauthorized disclosures. According to the report, one of his lawyers said the firing was against a whistle blower. There are laws that protect people who tell the truth.
DWAC is pushing its shareholders to vote to delay the merger with Trump Media. The merger is worth hundreds of millions of dollars to Trump Media.
DWAC received funding from another company to keep it afloat until the end of the year. The shareholder meeting was adjourned four times because he didn't have the support of the shareholders to delay the merger.
The SEC is investigating the Trump Media-DWAC deal. The SEC was blamed for the delay.
In the article, he said that before the deal was announced, there were secret discussions between Trump and his executives. SEC rules may have been broken.
The Post received material relevant to the SEC investigation from Wilkerson. According to the Post, all of the materials were previously given to government investigators.
The executive was suspended by Trump Media after the Miami Herald reported the SEC complaint.
You can read the Washington Post report here.
Jack was a contributor to the article.