Monday, December 6, 2021

A Look At Trump's Latest Grift

True to form, Trump has not stopped conning people, especially his own base. 

His latest venture is currently under federal scrutiny.

Federal investigators announced today that the shell company that is facilitating Trump's return to Wall Street, is under investigation.

Trump's latest con is a new media venture that would "stand up to the tyranny of Big Tech." In other words, it'll be fact-free.

The new entity, chaired by Trump, agreed to go public through a merger with Digital World, a Special Purpose Acquistion Company, or SPAC.

Wall Street's self-regulator, the Financial Industry Regulatory Authority, or FINRA, is looking into trading prior to the deal's final announcement according to Digital World.

The proposed deal immediately drew scrutiny.

The New York Times reported in late October, that Trump began discussing a merger with Digital World long before the blank-check company went public and before such talks were disclosed to investors.

Then Senator Elizabeth Warren called for the SEC to investigate whether any laws were broken by Digital World because the company reportedly told shareholders that it had not held substantive talks with a target company.

Here's the deal; SPACS are not supposed to have merger targets planned before they raise money from the public.

The announcement reverberated in the stock market and shares fell 5 percent today.

This whole deal is a continuation of the corruption that the former president brings into any dealmaking.

He'll cheat until caught. When exposed, Trump manages to slither away and let his minions take the fall. So far, this tactic has worked, as Trump prepares to pollute Wall Street with his infamous brand.

The big question; will Trump ever pay for his crimes? I have to admit, I don't think he will. And that's what's wrong in America today.

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