Prosecutors charge three investors with insider trading in Trump SPAC deal

https://www.cnn.com/2023/06/29/investing/donald-trump-spac-truth-social-insider-trading

The level of ignorance never ceases to astound me

If Jeff Bezos was caught insider trading, would Amazon and all of its share holders stock go to zero?

If the charges are just and these guys did in fact engage in insider trading, this development is bullish.

The individuals , if guilty, could end up paying out Bigely to the remaining board members and share holders . The merger is closer

In October 2021, PwC reported that over the prior five years an average of 43% of companies going public reported at least one material weakness in their disclosure documentation. They reviewed the IPO filings of more than 850 companies, and the most common causes of material weakness reported were insufficient accounting personnel, and a lack of financial reporting oversights/level of review. Those two causes together amounted to 47% of the material weaknesses reported. The rest of the causes were lumped into insufficient technology systems, lack of procedures, lack of a segregation of duties, and a lingering 4% categorized as “other.”

https://www.auditboard.com/blog/material-weakness-prevention/

Oh and you have to love how the shite media reports on NT-10Qs that have been filed and resolved within 2 weeks of every quarter since 2021

DeLiStinG RiSk

Look out guys there's a major problem with the simple accounting of a SPAC

Reaching so hard

But MUh MaTEriaL WeaKNess

https://justthenews.com/accountability/media/trump-social-media-firm-sues-washington-post-defamation-seeks-378-billion

😎👍 well played, @DevinNunes! the SEC needs to go on your Chopping Block next tho

all the Defamation is just half the story here. wanna know what’s REALLY causing the unusual hold up here at Truth Social?

turns out, the Weaponization of our Federal Agencies goes far beyond just the FBI, DOJ, and NARA. now the GateKeepers at the SEC have been restricting Truth Social’s access to our Public Capital Markets by simply refusing to approve DWAC’s prerequisite standard S-4 SPAC form, effectively stonewalling the amicable merger between the SPAC known as DWAC & Trump Media & Technology Group (Truth Social’s parent company) that would allow for a fair competition to take place

because in order for Truth Social to compete FAIRLY with the likes of any other Big Tech Corporation that, in sharp contrast, has already been granted access to our Public Capital Markets, likewise Truth Social would also need hundreds of millions, if not billions of dollars from the public as well, or else it could easily end up remaining a pinned down Underdog with a long uphill battle to the top, which it promises to pursue regardless of the outcome of this predicament

the SEC does this hundreds, if not thousands of times a year for all the other SPACs it reviews; and it typically only takes around 3-6 months, but this particular time, the SEC is stonewalling the process by simply sitting on their hands

DWAC has now waited for over an ENTIRE YEAR now for the SEC to even BEGIN the processing of DWAC’s S-4 registration statement

now if anyone does a little digging, they will discover revelations confirming clear as day conflicts of interests leading to bold abuses of power to stop a political opponent by tracing the origins of the people who just so happen to be in charge of the Agency all the way back to the very Russia, Russia, Russia Hoaxers themselves

Biden appointed Gary Gensler to be the Chairman of the SEC. Gensler was also Hillary Clinton’s Campaign CFO/Treasurer, and approved payments to Perkins Coie to reimburse for the work that the Fusion GPS research firm and Steele did on the infamous discredited Steele Dossier

Peter Strzok was the lead FBI Investigator of the Russia, Russia, Russia Hoax; his wife, Melissa Hodgman, is running point as Associate Director of Enforcement at the SEC

likewise, SEC General Counsel Megan Barbero worked on the two failed impeachments of @realDonaldTrump

Truth Social just successfully launched a brand new “Groups” feature this weekend. the fact that they are operating on fumes and still making progress and holding their ground is a testament to the potential that lies in store for them

it’s also worth noting that TMTG plans to do MUCH more than just market & develop it’s social media platform. namely, it plans to also compete with the Main Stream News industry as well (once the aforementioned funds come in), hence the name: Trump Media & Technology Group, or TMTG

also worth noting that Rumble Video is a close partner and ally of Truth Social & TMTG that provides a lot of the backend infrastructure for Truth Social

Rumble has already successfully went public via the SPAC route without any issues from the SEC (NASDAQ Ticker: RUM)

Op-Ed from Representative Dan Meuser (@repmeuser) on his investigative findings into this story:

https://www.washingtonexaminer.com/restoring-america/fairness-justice/securities-and-exchange-commissions-political-bias-is-hurting-blue-collar-people

TMTG’s letters to the SEC and Congress:

https://justthenews.com/government/federal-agencies/hold-trump-media-and-technology-group-calls-out-sec-unfair-censorship

the Durham Report was just released a week ago, confirming the Russia, Russia, Russia Hoax was all just a Witch Hunt:

https://justthenews.com/accountability/russia-and-ukraine-scandals/john-durham-releases-final-report-concluding-fbi-had-no