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An obscure financial entity with connections to a Caribbean-island bank that bills itself as a top payment service for adult entertainment sites would gain a sizable stake in former president Donald Trump's media company if its merger deal proceeds.
But neither Trump Media nor the SPAC that has proposed merging with it has revealed that to the SEC or the SPAC's shareholders.
It just never ends with this guy... And why not, since his followers have fully bought into the defense that every investigation into Donald Trump is just
Donald Trump is already facing a litany of investigations. Now, federal investigators are looking into his social media company Truth Social for a possible money laundering scheme. All this is happening while Trump Media laid off employees due to a possible merger.
Federal prosecutors in New York have been looking into the funding sources for $8 million in loans to the Trump Media organization, which own Truth Social, for possible money laundering violations.