The wild probe into investors of #DWAC, #Trump#Media’s proposed merger ally
Sales of #DigitalWorldAcquisition stock triggered a widespread federal probe that involved a confidential informant, a secret airport phone scan & an elite anti-#MoneyLaundering squad. Three people were indicted, but the investigation continues.
…Rejected by #banks & #lenders over the #Jan6, 2021, #insurrection & his long history of &bankruptcies & #business#failures, #Trump had approved the merger of his company w/a #SPAC as a way to raise money in the months after he lost the WH. Often called “blank check” firms, SPACs promise access to public stock investors w/fewer #FinancialDisclosures than a traditional corporate listing requires.