In a paragraph tucked into a longer announcement about three other insider trading cases, Manhattan federal prosecutors revealed on Thursday that they had brought a case related to the financing of President Trump’s social media venture Truth Social.
Trump is going to be pissed he didn’t get a cut of this.
If you check the stock price for DWAC, (set the time period to “Max”) it looks like a “pump and dump” scheme:
https://www.google.com/search?q=dwac+stock+price&rlz=1C1GCEA_enUS997US997&oq=DWAC+&gs_lcrp=EgZjaHJvbWUqDQgCEAAYgwEYsQMYgAQyBggAEEUYOTINCAEQABiDARixAxiABDINCAIQABiDARixAxiABDIHCAMQABiABDIHCAQQABiABDINCAUQABiDARixAxiABDINCAYQABiDARixAxiKBTIHCAcQABiABDIGCAgQABgDMgcICRAAGIAE0gENNjg5MTc1MzZqMGoxNagCALACAA&sourceid=chrome&ie=UTF-8
More like Chump and dump.
ETA: Dammit, it was right there – Trump and dump.
Like a fly to sh_t, and apropos for “all things Trump.” Actually, “Truth Social” should be renamed “Untruth Unsocial.”
Wait, was anyone expecting these schemes to be anything other the that?
The only surprising thing is that the grifters were caught and are actually being prosecuted.
My WaR is that this evidence originally arose from the Trump investigations, but was handed over to other prosecutors because its outside the scope of the Special Counsel investigations.
Classic but not classy.
What, they didn’t let “The Don” wet his beak? There’s gonna be trouble…
He either got a piece of it or had his own side play going. The only thing more dangerous than getting between Trump and a camera is getting between him and money.
Why work when you can cheat your way to millions leaking stuff on the Web ? Grifters of all stripes gotta Grift.
Wow! Unseemly business associated with Truth Social? Say it ain’t so.
Grifters to Trump like flies to…
Color me not surprised.
I love you, Josh K., but do you have to call him “President Trump”? Can’t you add “Former”? Would it be that hard? After all, we have just one president at a time and accuracy is important.
This may be the last nail in the coffin of the Digital World/Truth Social SPAC.
Maybe Devin will be out of a job.
Devin Nunes reached his level of incompetence a long, long time ago.
Don’t sell m’boy Devin short. That guy is going to show us levels of incompetence, (and not coincidentally incontinence), never seen before.
from which he’s soon parted anyway, so don’t do it
Tfg got a piece of it. I don’t care what indictments say, there’s no way he didn’t get his cut.
I just don’t know if the Dumpster is smart enough to get into or out of the stock market. But demanding contributions ('scuse me, donations) from those who make big money on the trades, yes, he would demand that.
Spot on! And what @txlawyer said!