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Whistleblower Alleges Trump Media Violated U.S. Securities Laws – Report

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WASHINGTON (Sputnik) – Trump Media & Technology Group Corporation may have violated securities laws, prompting former U.S. President Donald Trump, the majority owner of Trump Media, to file a lawsuit against the company, one of the company’s first employees. allegedly pressured company executives over its shares. Trump Media told The Washington Post.

Will Wilkerson, one of the original founders of Truth Social, is the head of the Trump Media & Technology Group, which operates Truth Social, Trump’s social media platform shortly after the former president permanently shut down Twitter. was an executive.

Wilkerson filed a whistleblower complaint with the U.S. Securities and Exchange Commission (SEC) in August and also shared an internal document with The Washington Post, which reported on his complaint on Saturday.

Wilkerson alleges that Trump Media violated securities laws and that Trump pressured management to hand over the shares to his wife, Melania, according to the paper.

In this March 23, 2010 file photo, the Google logo can be seen at Google headquarters in Brussels.Germany's finance minister on Wednesday welcomed an agreement that would require large European Union companies to disclose how much taxes they paid and in which countries. - Sputnik International, 1920, 30 August 2022

Google Play Reportedly Pending Approval Of Trump’s Truth App

Alleged threats from President Trump “Blow up the company” According to an email Wilkerson and his attorney shared with The Washington Post, if his demands are not met.

Wilkerson and his lawyers also said Trump Media’s bid to raise money through an investment vehicle known as a special purpose acquisition company “Fraudulent Misrepresentation… Violate Federal Securities Laws. ”

Wilkerson also told The Washington Post that “fierce infighting, technological failures, and chaotic power struggles among Trump allies” have undermined Trump’s media potential, and that “some employees are at their desks. I was crying,” he said.

Wilkerson was fired from his job as Trump Media’s senior vice president of operations on Thursday, the newspaper said after he told The Washington Post, noting that the company was responsible for Wilkerson’s “unauthorized Disclosure,” he added.

Trump was banned from Twitter and Facebook* after the Capitol riots on January 6, 2021. The platform deemed his activity related to the event to be in violation of their own policies. The former president later launched a new social network, Truth Social, to fight Big Tech censorship and protect the right to free speech and expression.

*Facebook and its parent company Meta are banned in Russia as extremist and terrorist organizations.



https://sputniknews.com/20221015/whistleblower-says-trump-media-allegedly-violated-us-securities-laws—reports-1101886494.html Whistleblower Alleges Trump Media Violated U.S. Securities Laws – Report

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