Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
White House escalates shutdown consequences as Democrats show...
Moderate Dem undercuts Jeffries on ObamaCare compromise as...
MIKE DAVIS: The Supreme Court betrayed again —...
Senate Democrats defy White House warnings, again block...
Greta Thunberg slammed for using image of starved...
Comey to be arraigned in federal court after...
Comey pleads not guilty in court after indictment...
Houthi rebels test US ceasefire with deadly strike...
Kushner joins Witkoff for Gaza ceasefire talks as...
Cuomo rips Mamdani’s freebie ‘fantasy,’ says AOC proved...
White House escalates shutdown consequences as Democrats show...
Moderate Dem undercuts Jeffries on ObamaCare compromise as...
MIKE DAVIS: The Supreme Court betrayed again —...
Senate Democrats defy White House warnings, again block...
Greta Thunberg slammed for using image of starved...
Comey to be arraigned in federal court after...
Comey pleads not guilty in court after indictment...
Houthi rebels test US ceasefire with deadly strike...
Kushner joins Witkoff for Gaza ceasefire talks as...
Cuomo rips Mamdani’s freebie ‘fantasy,’ says AOC proved...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Business

Ex-CEO of firm that merged with Trump Media accused of fraud

by admin July 19, 2024
July 19, 2024
Ex-CEO of firm that merged with Trump Media accused of fraud

The Securities and Exchange Commission sued the former CEO of the blank-check company that merged with Trump Media, accusing him of lying about his firm’s plans to combine with Donald Trump’s social media startup.

Patrick Orlando allegedly lied in public filings when he said his company, Digital World Acquisition Corp., had not contacted any possible merger targets and had no specific merger plans, the commission said in the lawsuit filed Wednesday night in Washington, D.C., federal court.

“Orlando knew these statements were false,” the SEC’s civil complaint alleged.

“He had personally engaged in numerous lengthy discussions” with Trump Media’s representatives, and he had targeted the company “for months,” the SEC alleged.

The SEC asked the court to force Orlando to give up “all ill-gotten gains” as a result of his alleged violations, along with civil penalties and a permanent injunction barring his from engaging in that conduct.

Orlando and Trump Media did not immediately respond to CNBC’s requests for comment.

Trump Media and Digital World completed their lengthy public merger in March, allowing the company behind the Truth Social platform to trade on the Nasdaq under the stock ticker DJT.

This post appeared first on NBC NEWS

previous post
Citadel’s Ken Griffin buys a stegosaurus for $45 million in a record auction sale
next post
John Deere to abandon Pride festival sponsorships following online right-wing pressure campaign

You may also like

GM lays off more than 1,000 salaried software...

August 22, 2024

What a stake in Intel could mean for...

August 27, 2025

Hasbro forecasts as much as $300 million impact...

April 25, 2025

Amazon’s $4 billion investment in AI firm Anthropic...

August 9, 2024

McDonald’s Snack Wrap is officially returning. Here’s when.

June 4, 2025

Tariffs or not, a Chinese baby products company...

May 21, 2025

Sports gambling takes a toll on Americans’ checkbooks,...

August 27, 2024

Extreme heat makes flying harder. Airlines and airports...

July 30, 2024

Walmart is using its own fintech firm to...

June 11, 2025

What Fed chief Powell said about crypto that...

December 6, 2024

GM lays off more than 1,000 salaried software...

August 22, 2024

What a stake in Intel could mean for...

August 27, 2025

Hasbro forecasts as much as $300 million impact...

April 25, 2025

Amazon’s $4 billion investment in AI firm Anthropic...

August 9, 2024

McDonald’s Snack Wrap is officially returning. Here’s when.

June 4, 2025

Tariffs or not, a Chinese baby products company...

May 21, 2025

Sports gambling takes a toll on Americans’ checkbooks,...

August 27, 2024

Extreme heat makes flying harder. Airlines and airports...

July 30, 2024

Walmart is using its own fintech firm to...

June 11, 2025

What Fed chief Powell said about crypto that...

December 6, 2024

Recent Posts

  • Comey to be arraigned in federal court after being indicted for alleged false statements, obstruction
  • Comey pleads not guilty in court after indictment on alleged false statements, obstruction
  • Houthi rebels test US ceasefire with deadly strike on cargo ship
  • Kushner joins Witkoff for Gaza ceasefire talks as Trump pushes peace plan: ‘Cautiously optimistic’
  • Cuomo rips Mamdani’s freebie ‘fantasy,’ says AOC proved socialism fails after killing NYC Amazon deal

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (936)
    • Investing (3,147)
    • Politics (3,845)
    • Stock (4)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 Sightful Invest. All Rights Reserved.