SEC Sues Former CEO of Company That Helped Trump Media Go Public for Fraud-April 2024-www.financetom.com

SEC Sues Former CEO of Company That Helped Trump Media Go Public for Fraud

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

SEC Sues Former CEO of Company That Helped Trump Media Go Public for Fraud

Jul 18, 2024 5:13 AM

07:45 AM EDT, 07/18/2024 (MT Newswires) -- The US Securities and Exchange Commission sued the former head of the blank-check company that helped Donald Trump's Trump Media & Technology Group ( DJT ) for securities fraud, media outlets reported Thursday.

Patrick Orlando, former chief executive of Digital World Acquisition, is being accused of making false and misleading statements by failing to disclose that his company planned, before its initial public offering, to merge with Trump Media & Technology Group ( DJT ), news outlets reported, citing the suit filed in federal court in Washington.

Trump Media ( DJT ) did not immediately respond to MT Newswires' request for comment.

Price: 36.82, Change: +0.38, Percent Change: +1.04

Previous page： Canfor Closing Plateau and Fort St. John Sawmills in Northern BC, to Cut Production at Southern US Operations Next page： Verizon to Acquire Frontier Communications in $20 Billion Deal

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Canfor Closing Plateau and Fort St. John Sawmills in Northern BC, to Cut Production at Southern US Operations

Sep 5, 2024

06:16 AM EDT, 09/05/2024 (MT Newswires) -- Canfor ( CFPZF ) , a lumber and wood producer, overnight Wednesday announced the closure of its Plateau and Fort St. John operations in northern British Columbia and also the reduction of production at its southern U.S. operations. The company said closures were decided upon following a review of operating conditions, including the...

Verizon to Acquire Frontier Communications in $20 Billion Deal

Sep 5, 2024

06:22 AM EDT, 09/05/2024 (MT Newswires) -- Verizon Communications ( VZ ) said Thursday it has agreed to acquire Frontier Communications Parent ( FYBR ) in an all-cash deal valued at $20 billion. Under the terms of the deal, Verizon will acquire Frontier Communications for $38.50 per share, representing a 43.7% premium over Frontier's 90-day volume-weighted average share price as...

Ilya Sutskever on how AI will change and his new startup Safe Superintelligence

Sep 5, 2024

SAN FRANCISCO/NEW YORK (Reuters) - Ilya Sutskever, OpenAI's former chief scientist, has launched a new company called Safe Superintelligence (SSI), aiming to develop safe artificial intelligence systems that far surpass human capabilities. He and his co-founders outlined their plans for the startup in an exclusive interview with Reuters this week. Sutskever, 37, is one of the most influential technologists in...

Oil edges up on US crude stocks and possible delay to OPEC+ supply hike

Sep 5, 2024

LONDON (Reuters) -Oil prices firmed on Thursday, edging up from multi-month lows on a possible delay to output increases by OPEC+ producers and a decline in U.S. inventories, though the gains were capped by persisting demand concerns. Figures from the American Petroleum Institute (API) showed U.S. crude oil inventories fell by 7.431 million barrels last week, far exceeding the 1...