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Sideface
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  #2983252 16-Oct-2022 08:51
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"Everything Trump touches dies"

 

The Washington Post - Co-founder of Trump’s media company details Truth Social’s bitter infighting

 

15 October 2022

 


Will Wilkerson, one of Trump Media & Technology Group’s first employees, alleges the company violated securities laws and that Trump pressured executives to hand over their shares to his wife. ...

 

Promoted as the centerpiece of Trump’s post-presidential business ambitions, the company had marketed itself as a budding media empire with enterprises planned in social media, video streaming, live events and online payments - a powerful rival not just to Twitter but Disney, Google and Amazon.

 

But inside the company, Wilkerson said, those plans gave way to bitter infighting, technical failures and a chaotic jockeying for power among Trump allies that undermined its potential and left some employees crying at their desks.

 

Wilkerson, who was fired from his job Thursday as a senior vice president of operations at the company after he spoke to The Post, filed the whistleblower complaint with the SEC * in August. 

 

The complaint alleges that the company’s bid to raise money via an investment vehicle known as a special purpose acquisition company (SPAC) relied on “fraudulent misrepresentations … in violation of federal securities laws.” ...

 

The revelations from Wilkerson come at a turbulent time for Trump Media’s business. 

 

Investors, discouraged by the halted merger, have sent the SPAC’s share price plunging from a high of $175 to less than $18 on Friday. 

 

Roughly 4 million users follow Trump on the company’s sole product, Truth Social - far below his Twitter peak of 88 million. The company has pledged to investors it would surpass 50 million total users by 2024.

 



 

* U.S. Securities and Exchange Commission

 

 





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quickymart
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  #2983260 16-Oct-2022 09:37
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I thought he had closer to 90-91 million when Twitter finally closed his account?


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  #2983515 16-Oct-2022 20:52
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I could not resist posting this cartoon ...   😊

 

The Washington Post - Opinion - The Jan. 6 House committee finds facts don’t lie

 

14 October 2022

 





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geekIT
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  #2983988 17-Oct-2022 19:39
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OUT OF STEP





'Those who can make you believe absurdities can make you commit atrocities.' Voltaire

 

'If you believe in things that you don't understand, then you suffer.' Stevie Wonder - 'Superstition'

 

 


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  #2984141 18-Oct-2022 08:00
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Grifters gonna grift ....

 

The NY Times - Trump Hotels Charged Secret Service Exorbitant Rates, House Inquiry Finds

 

today

 


WASHINGTON - The Trump Organization charged the Secret Service up to $1,185 per night for hotel rooms used by agents protecting former President Donald J. Trump and his family, according to documents released on Monday by the House Oversight Committee, forcing a federal agency to pay well above government rates.

 

The committee released Secret Service records showing more than $1.4 million in payments by the department to Trump properties since Mr. Trump took office in 2017. ...

 

... documents made clear that Mr. Trump was taking advantage of taxpayers by effectively requiring Secret Service agents to stay at properties he owned, and then billing the government exorbitant charges.

 

 

 





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freitasm
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  #2984142 18-Oct-2022 08:05
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Sideface:

 


... documents made clear that Mr. Trump was taking advantage of taxpayers by effectively requiring Secret Service agents to stay at properties he owned, and then billing the government exorbitant charges.

 

 

 





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  #2984176 18-Oct-2022 09:00
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Washington Post: Co-founder of Trump’s media company details Truth Social’s bitter infighting

Will Wilkerson, then an executive at former president Donald Trump’s start-up Trump Media & Technology Group, was at a Fort Lauderdale, Fla., coffee shop with company co-founder Andy Litinsky last October when Trump called Litinsky with a question: Would he give up some of his shares to Trump’s wife, Melania?

Trump Media, the owner of the fledgling social network Truth Social, had just been boosted by a huge merger agreement and a flood of investment that had made the stake worth millions of dollars. Trump had already been given 90 percent of the company’s shares in exchange for the use of his name and some minor involvement, leaving everyone else to split the rest.
...
Promoted as the centerpiece of Trump’s post-presidential business ambitions, the company had marketed itself as a budding media empire, with enterprises planned in social media, video streaming, live events and online payments — a powerful rival not just to Twitter but Disney, Google and Amazon.

But inside the company, Wilkerson said, those plans gave way to bitter infighting, technical failures and a chaotic jockeying for power among Trump allies that undermined its potential and left some employees crying at their desks.

Wilkerson, who was fired from his job Thursday as a senior vice president of operations at the company after he spoke to The Post, filed the whistleblower complaint with the SEC in August. The complaint, drafted by Wilkerson’s attorneys, alleges that the company’s bid to raise money via an investment vehicle known as a special purpose acquisition company, or SPAC, relied on “fraudulent misrepresentations … in violation of federal securities laws.”
...

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  #2984204 18-Oct-2022 11:01
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President Donald Trump with Israeli Prime Minister Benjamin Netanyahu in 2019.

 

The Washington Post - Trump attacks American Jews, posting they must ‘get their act together’ on Israel

 

16 October

 


Former president Donald Trump attacked American Jews in a post on his Truth Social platform on Sunday, saying Jews in the United States must “get their act together” and show more appreciation for the state of Israel “before it is too late.

 

American Jews have long been accused of holding secret loyalty to Israel rather than the United States, and Trump’s post leaned on that antisemitic trope, suggesting that by virtue of their religion, American Jews should show more appreciation to Israel.

 

Trump also complained in the post that “no president” had done more for Israel than he had but that Christian evangelicals are “far more appreciative of this than the people of the Jewish faith, especially those living in the U.S.” ...

 





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kingdragonfly
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  #2984239 18-Oct-2022 12:06
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Sideface: The Washington Post - Trump attacks American Jews, posting they must ‘get their act together’ on Israel

Trump also complained in the post that “no president” had done more for Israel than he had but that Christian evangelicals are “far more appreciative of this than the people of the Jewish faith, especially those living in the U.S.


Yeah, because half of Christian evangelicals are fixated on bringing on the end of the world.

Washington Post: Half of evangelicals support Israel because they believe it is important for fulfilling end-times prophecy



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  #2984313 18-Oct-2022 19:33
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Relevant to Trump civil cases, because I'm sure Trump's going to lose one or more civil cases

Compared to a criminal case (go to prisons) versus a civil case (paying money) , it's much easier to win a civil case than a criminal case. The burden of proof is lower in a civil case.

Note that in a civil case, pleading fifth amendment (no self incrimination) isnot ignored and does much your case weaker. Trump pleaded the fifth amendment consistently in criminal cases, so civil cases based on those criminal cases will take that into consideration, making it easier for Trump to lose/

Legal Eagle: Alex Jones's Billion Dollar Bad Day (And Why It's Going To Get Worse) Start video at "Will the plaintiffs ever get paid"

geekIT
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  #2984316 18-Oct-2022 19:45
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...and counting.





'Those who can make you believe absurdities can make you commit atrocities.' Voltaire

 

'If you believe in things that you don't understand, then you suffer.' Stevie Wonder - 'Superstition'

 

 


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  #2984318 18-Oct-2022 19:49
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Trump's friend is the news for all the wrong reasons.

BBC news: Kanye West agrees to buy right-wing platform Parler

Last week, the star's Twitter and Instagram accounts were locked, after he posted anti-Semitic messages.

Parler is used mainly by US conservatives, and describes itself as a "free speech" alternative to mainstream platforms.

Kanye "will never have to fear being removed from social media again", chief executive George Farmer posted.
...

quickymart
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  #2984320 18-Oct-2022 19:57
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Must say Kanye's just gone really weird in recent years, mostly starting since he cut off Taylor Swift at that music awards ceremony in 2009.

 

Also - why would any lawyer be attracted to such a loser-y client like this?? https://www.politico.com/news/2022/10/17/sex-guns-and-sedition-prosecutors-describe-oath-keeper-road-trip-to-d-c-00062097

 

 


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  #2984779 19-Oct-2022 15:04
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The Guardian: ‘Where’s the beef?’: special master says Trump’s Mar-a-Lago records claims lack substance

Donald Trump’s assertions of executive and attorney-client privilege over certain documents that the FBI seized from his Mar-a-Lago resort appeared to lack evidence sufficient for him to rule in the former US president’s favor, the special master reviewing the records suggested on Tuesday.

The special master, senior US district court judge Raymond Dearie, complained during a conference call in the case that the log of documents Trump is trying to withhold from the justice department did not give enough information about the validity of the privilege claims.

Dearie encouraged Trump’s lawyers to elaborate on why they believed the documents could be excluded from the justice department’s criminal investigation into the potential willful retention of national defense information, removal of government records and obstruction of justice.

“It’s a little perplexing as I go through the log,” Dearie said. “What’s the expression – ‘Where’s the beef?’ I need some beef.”

The discussion on the conference call was the latest development in the ongoing review that is examining whether any of the 11,000 documents without classified markings seized from Mar-a-Lago are legally privileged and cannot be used by prosecutors in the criminal investigation.


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  #2984780 19-Oct-2022 15:06
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and ...

 

The NY Times - In Documents Review, Special Master Tells Trump Team to Back Up Privilege Claims

 

today

 


... “It’s a little perplexing as I go through the log,” Judge Dearie said. “What’s the expression - ‘Where’s the beef?’ I need some beef.” ...

 

It remains unclear whether the special master process will play out to its conclusion.

 

The Justice Department recently asked the 11th Circuit Court of Appeals in Atlanta to overturn Judge Cannon’s original decision to intervene in the case and appoint a special master in the first place. 

 





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