Fogbow

CEO of floundering Truth Social, Devin Nunes: “Can you imagine where we would be had Trump not went out and created Truth Social? Maybe the most important creation in Trump’s career. It’s why I left Congress to go and do this.”

Kendra wrote: ↑Wed Oct 05, 2022 8:53 pm

CEO of floundering Truth Social, Devin Nunes: “Can you imagine where we would be had Trump not went out and created Truth Social? Maybe the most important creation in Trump’s career. It’s why I left Congress to go and do this.”

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.

Litinsky tried to brush it off, telling Trump “the gift would have meant a huge tax bill he couldn’t pay,” Wilkerson said in an interview. “Trump didn’t care. He said, ‘Do whatever you need to do.'”

Five months later, Litinsky, who’d first met Trump in 2004 as a contestant on the TV show “The Apprentice,” was abruptly removed from the company’s board. Wilkerson said he believes it was payback for his refusal to turn over a small fortune to the former president’s wife. Litinsky thought so, too, according to an email Wilkerson and his attorneys shared with The Washington Post and the Securities and Exchange Commission. In that email, Litinsky complained that Trump was “retaliating against me” by threatening to “'blow up the company’ if his demands are not met.”

I wonder if Donald was hiding assets by giving the shares to Melania.

Kendra wrote: ↑Sat Oct 15, 2022 8:55 pm

I wonder if Donald was hiding assets by giving the shares to Melania.

Kendra wrote: ↑Sat Oct 15, 2022 8:49 pm But...but...but...what will poor Devin do now?

Speculate please.

Suranis wrote: ↑Sat Oct 15, 2022 10:22 pm Probably run for congress again. He's arrogance cashes checks his ability cant cash.

Either that or be persuaded to run some other Trump scam. He is a total Trump loyalist and a reliable yes man for X45.

We Finally Know Who Funded Trump's Truth Social

Lauren Leffer
Fri, October 28, 2022 at 7:05 PM

Since the Donald Trump-founded social media platform, Truth Social, launched in February, the site’s financial origins have been cloaked in a layer of mystery. The company secured a reported $1 billion in funding, but that money remains inaccessible pending a successful public launch. In the interim, Trump’s media venture has pulled together about $38 million in debt, according to SEC filings, and that money didn’t come from Trump himself. So, who provided it?

Finally, we have some answers, according to a report from Reuters. An oil tycoon with political ties, former Trump appointees and staff sycophants, and your generic rich business owners pooled their resources together.

In August, a former co-founding executive of Trump Media & Technology Group (TMTG),William Wilkerson, filed a whistleblower claim with the Securities and Exchange Commission (SEC) against his employer and the sketchy shell company trying to take Truth Social public. Earlier this month, Wilkerson went public with his complaint. And now, some of the documents Wilkerson shared with the SEC have come to light.

Here are some of the major Truth investors, according to those filings, as first reported by Reuters:

Karl Pfluger, president of the Texas oil company Oryx Midstream and brother of Congressman August Pfluger, has put nearly $10 million towards Truth social since December 2021. Rep. Pfluger has been an outspoken supporter and endorsee of Trump. He was one of the many politicians who voted against certifying the results of the 2020 election, and just recently started receiving fundraising dollars from Amazon’s corporate PAC.

Patrick Walsh, CEO of Empire Holdings—a company that manages multiple gym brands—has invested $6.2 million with Truth.

Kenny Troutt, a Texas telecoms billionaire who has donated to Trump before, forked over $4 million for Truth.

Roy Bailey, the co-finance chairman for Trump’s 2016 election campaign and later a lobbyist for the administration, gave at least $200,000 towards Truth.

George Glass, a real-estate developer from Oregon who was appointed to serve as the U.S. Ambassador to Portugal during Trump’s presidency, dumped in at least half a million.

Bob McNutt, fittingly the CEO of a mail-order fruitcake company, made a modest $100,000 contribution to Trump’s social media platform.

Obviously, that still leaves about $10 million unaccounted for. According to Reuters, Wilkerson’s whistleblower documents contained about $9.4 million in promissory notes that the outlet couldn’t identify the origins of.



https://www.yahoo.com/news/finally-know ... 00436.html

Posted by u/Apostle2-4 Worship Pastor 2 days ago
PSA: This sub does NOT support DeSantis 2024. Any posts or comments supporting DeSantis over Trump for the 2024 Nominee will be deleted and you will receive a warning. 2nd offense will result in a ban.
MOD Announcement

Shares of Truth Social merger partner fall after Trump’s candidates underwhelm in midterm elections

PUBLISHED WED, NOV 9 20229:07 AM ESTUPDATED WED, NOV 9 20224:01 PM EST
Lillian Rizzo

KEY POINTS

• Shares of a Trump-linked SPAC fell after several of the ex-president’s favorite candidates disappointed in midterm elections.
  Trump Media’s merger with Digital World Acquisition Corp. faces legal and financial challenges.

Shares of the blank-check company set to take Trump Media and its Truth Social platform public fell sharply Wednesday after candidates endorsed by the former president disappointed in high-profile midterm election races.

Still, DWAC’s shares are trading sharply lower so far this year as the special purpose acquisition company faces financial and legal challenges as it seeks to merge with Trump Media & Technology Group, the parent company of Truth Social.



https://www.cnbc.com/2022/11/09/truth-s ... whelm.html