The Mudcat Café TM
Thread #172859   Message #4200583
Posted By: Stilly River Sage
07-Apr-24 - 04:12 PM
Thread Name: Trump CONVICTED - NO new Trump threads part III
Subject: RE: Trump INDICTED x4 NO new Trump threads part III
In a separate part of the Trump enterprise (not under indictment yet), it seems that Trump's "Truth Social" was kept afloat by a Russian-American who is a "person of interest" for money laundering and insider trading. Sounds like Trump's kind of guy.

Exclusive: Trump Media saved in 2022 by Russian-American under criminal investigation
Trump’s social media company went public relying partly on loans from trust managed by person of interest to prosecutors
The former US president stands to gain billions of dollars – his stake is currently valued at about $4bn – from the merger between Trump Media and Technology Group and the blank-check company Digital World Acquisition Corporation, which took the parent company of Truth Social public.

But Trump Media almost did not make it to the merger after regulators opened a securities investigation into the merger in 2021 and caused the company to burn through cash at an extraordinary rate as it waited to get the green light for its stock market debut.