"Breaking news: The US Securities and Exchange Commission has shut down the auditor of Donald Trump’s social media company, accusing it of 'massive fraud' "
The SPAC, Special Purpose Acquisition Company, is a dormant financial tool- a shell company, existing only on paper.
DWAC was created w the help of ARC Capital, a China Shanghai-based firm specializing in listing Chinese companies on American stock markets that has been a target of Securities and Exchange Commission (SEC) investigations for misrepresenting shell corporations. Aka:Fraud.
Jeff Yass is the biggest institutional shareholder of SPAC DWAC that merged w Lies Social. Susquehanna International Group LLP, owner is the same GOP megadonor Jeff Yass.
The deal is to give fraudster, criminal defendant a massive financial lifeline.
Yass also co-owns Chinese company ByteDance, and is openly attempting to game the 2024 presidential election for himself, and has been talking with Trump a lot.
In conclusion, Yass' China based SPAC merged with a worthless, debt ridden maga message board company simply as a way for donors to funnel money to Donald without scrutiny.
Jeff Yass just bought Trump. Here’s what he stands to gain.
Fascist billionaire, TikTok investor is about to help criminal dt add big dollars to his net worth. This is what oligarchy looks like.
TikTok billionaire Jeffrey Yass flew to Mar a Lago to discuss plans to dismantle America's public schools & siphon taxpayer funds into charters & religious centers.
This isn't not just about women's right but about the billionaire owning us. They want school vouchers, they want to privatize social security. They want to get rid of any medical insurance for anybody. They want to work you as slaves until you die and just go get another out of force pregnancy and keep the slave chain going so they can keep getting richer and richer and richer. It's a sickness.
The Goal has always been get the Golden Egg of public school funding.
Republicans have been defunding public education for decades. Then say, "See it doesn't work" It's a money grab for charter/voucher schools.
The #SEC just approved the merger. Read where the money for #TruthSocial came, or is coming, from.
...To facilitate becoming a publicly traded company, a special-purpose acquisition company (SPAC) called Digital World Acquisition Corp (DWAC) was created with the help of ARC Capital, a Shanghai-based firm specializing in listing Chinese companies on American stock markets that has been a target of SEC investigations for misrepresenting shell corporations...
Feb 15: Fucking #unbelievable. #SEC allowing a company owned in majority by Donald #Trump to be publicly traded.
...Trump, who will hold a stake of about 58% in the newly formed company.
DWAC shares soared nearly 30% on Thurs morning, and were last trading up 20% at $52.16, having touched a session high of $56.30. Digital World said it expected to announce the date of a special meeting of its stockholders to vote on the approval of the merger within two business days
#SEC Securities and Exchange Commission gave its approval Wednesday for some investment companies to offer “spot #bitcoin” exchange-traded funds.
The regulator’s highly anticipated move is expected to make bitcoin investing more accessible to Main Street investors, without requiring them to own the digital asset directly.
@gpshead Interesting, I was not surprised by this because last time I checked, Twitter was only supporting SMS 2FA(and IIRC Twitter once used those numbers for advertising), which I assume is incompatible or massively inconvenient for an org account, but it seems like they have improved the situation a lot since then.
@ai6yr well, i saw an article on slashdot today about bitcoin etfs being a thing, so i think its more "non tech people trying to describe a fuckup as not a fuckup" - someone jumped the gun and tweeted about btc etfs one day before the press release came out
In December #SEC rules came into force meaning that companies publicly traded in the US need to disclose “material” #cybersecurity incidents. I’ve been curious about the best way to find those filings. Filings are accessible through the SEC website in “EDGAR” and appear as “Item 1.05” on Form 8-K. You can search for 8-K filings with EDGAR but most won’t have Item 1.05. The best I’ve managed is a google query like this site:www.sec.gov “FORM 8-k” “Item 1.05” intitle:XBRL”.
@hrbrmstr@aimaz I have an interesting list of “false positives” Based on the words, I’m tracking. What I found is that come up for example, posts from pharmaceutical companies about FDA trials will use the word evidence a lot. Incident pops up in other non-cyber security related posts sometimes. Also, sometimes folks post merger agreements, which often times will trigger on my keyword list. Basically, it’s complicated and anytime I have a potential hit, I flag it as “NEEDS_REVIEW” for now. ><
The #SEC said it had not yet granted approval of spot-#Bitcoin ETFs, despite a post on #X/#Twitter that appeared from the regulator’s official account —Bloomberg
BREAKING - First SEC Section 1.05 Cybersecurity Incident Disclosure. VF Corporation disclosed a ransomware attack this morning (2023-12-18 06:37:32 EST) that occurred on Dec 15. The attackers "stole data from the Company, including personal data". VF Brands "ability to fulfill orders is currently impacted" however stores operated globally (e.g. JanSport, a VF Company , Eastpak, a VF company Timberland, a VF Company and The North Face, a VF Company) are open, and consumers can purchase available merchandise.
"As of the date of this filing, the incident has had and is reasonably likely to continue to have a material impact on the Company’s business operations until recovery efforts are completed. The Company has not yet determined whether the incident is reasonably likely to materially impact the Company’s financial condition or results of operations."
BREAKING: Federal lawmakers demand an #SEC probe into whether Elon Musk committed securities fraud after WIRED stories shed doubt on his claims about the health and wellbeing of #Neuralink's animal test subjects.
'The Securities and Exchange Commission today charged Payward Inc. and Payward Ventures Inc., together known as Kraken, with operating Kraken’s crypto trading platform as an unregistered securities exchange, broker, dealer, and clearing agency.'
In a sea of breaches, this is a savvy tactic to ensure that a breach has impact if the ransom isn't paid. Are we starting to see compliance and regulation schemes used offensively?
