{"id":128012,"date":"2022-06-27T16:43:23","date_gmt":"2022-06-27T16:43:23","guid":{"rendered":"https:\/\/fin2me.com\/?p=128012"},"modified":"2022-06-27T16:43:23","modified_gmt":"2022-06-27T16:43:23","slug":"federal-grand-jury-rains-subpoenas-on-trumps-truth-social-merger","status":"publish","type":"post","link":"https:\/\/fin2me.com\/politics\/federal-grand-jury-rains-subpoenas-on-trumps-truth-social-merger\/","title":{"rendered":"Federal Grand Jury Rains Subpoenas on Trump's Truth Social Merger"},"content":{"rendered":"

A federal grand jury in the Southern District of New York has subpoenaed board members of the company looking to merge with former President Donald Trump’s social-media company Truth Social. Blank-check firm Digital World Acquisition Corp (DWAC) revealed on Monday that all seven of its board members have been asked for documents related to a Securities and Exchange Commission inquiry <\/span>filed against the firm last year<\/span>.<\/span><\/p>\n

The <\/span>planned SPAC merger<\/span>, now being threatened by multiple federal investigations, would allow the company to access billions of dollars in public markets. The federal grand jury is <\/span>also seeking<\/span> information related to Rocket One Capital, a Miami based venture capital firm. The document released by the SEC revealed that  Rocket One’s Chief Strategy Officer Bruce Garelick had resigned from the board of DWAC.<\/span><\/p>\n

In November of last year Sen. Elizabeth Warren <\/span>called on the SEC<\/span> to investigate possible securities violations by Truth Social and DWAC. Warren’s letter to the SEC cited <\/span>New York Times<\/span><\/i> reporting indicating that DWAC’s chief Patrick Orlando “had been discussing a deal with Mr. Trump” months before shares of the SPAC began trading, potentially misleading shareholders and the public. <\/span><\/p>\n

The Trump Media Technology Group <\/span>released a statement<\/span> indicating it “will cooperate with-oversight that supports the SEC’s important mission of protecting retail investors.”<\/span><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A federal grand jury in the Southern District of New York has subpoenaed board members of the company looking to merge with former President Donald […]<\/p>\n","protected":false},"author":3,"featured_media":128011,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"\nFederal Grand Jury Rains Subpoenas on Trump's Truth Social Merger - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/politics\/federal-grand-jury-rains-subpoenas-on-trumps-truth-social-merger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Federal Grand Jury Rains Subpoenas on Trump's Truth Social Merger - Fin2me\" \/>\n<meta property=\"og:description\" content=\"A federal grand jury in the Southern District of New York has subpoenaed board members of the company looking to merge with former President Donald [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/politics\/federal-grand-jury-rains-subpoenas-on-trumps-truth-social-merger\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-27T16:43:23+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2022\/06\/Federal-Grand-Jury-Rains-Subpoenas-on-Trumps-Truth-Social-Merger.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/politics\/federal-grand-jury-rains-subpoenas-on-trumps-truth-social-merger\/\",\"url\":\"https:\/\/fin2me.com\/politics\/federal-grand-jury-rains-subpoenas-on-trumps-truth-social-merger\/\",\"name\":\"Federal Grand Jury Rains Subpoenas on Trump's Truth Social Merger - 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