The lifecycle of Donald Trump’s Truth Social social media platform — that he pathetically created after being booted from every reputable social media platform from Twitter to Facebook following the January 6th riot — has been nothing but one hot mess after one dumpster fire after another since its very inception.
And somehow, it’s still getting worse.
According to New York Times business reporter Matthew Goldstein, Digital World Acquisition — the special-purpose acquisition company (SPAC) behind the one-term, twice-impeached ex-president’s Truth Social platform — noted in a recent 8-K filing that earlier this month it “became aware that a federal grand jury sitting in the Southern District of New York has issued subpoenas to each member of Digital World’s board of directors.”
Just now: a new blow to Trump’s SPAC deal: “On June 16, 2022, Digital World became aware that a federal grand jury sitting in the Southern District of New York has issued subpoenas to each member of Digital World’s board of directors,” says DWAC in an 8K
— Matthew Goldstein (@MattGoldstein26) June 27, 2022
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The filing went on to reveal that the subpoenas are seeking “requests relating to Digital World’s S-1 filings, communications with or about multiple individuals, and information regarding Rocket One Capital.” Rocket One Capital is a Miami-based hedge fund.
Digital World’s filing goes on to openly warn that these grand jury subpoenas “could materially delay, materially impede, or prevent the consummation” of the merger that is necessary to fund Donald Trump’s social media platform.
Just a few weeks ago, it was reported that the SEC was currently investigating the deal behind Truth Social, and whether illegal negotiations took place before Digital World Acquisition went public.
This bombshell new filing serves as the first indication that the aforementioned investigation may have now officially risen to a criminal level.
As if Donnie needed any more criminal investigations lodged against him.
Featured image via Political Tribune gallery
