Lawfare, paydays, and Trump’s usual suspects, as Mango Mussolini tries to throw his Apprentice cronies under the bus and hold on to money. 55 uncharged crimes so far will require paying even more lawyers.
Truth Social could go under simply because Elon might let Trump back onto Twitter. It’s made worse by the potential of SEC prosecution. It will be easier to lubricate an escape than other failed Trump political endorsements like Herschel Walker’s sheriff’s badge.
Even Donald Trump Jr. And Eric Trump Wanted 'Handout' From Truth Social Company: Report
OTOH Trump claims he could be Israel’s Prime Minister, because you need to be distracted from the subpoena.
Will Wilkerson, one of Trump Media & Technology Group’s first employees, alleges the company violated securities laws and that Trump pressured executives to hand over their shares to his wife. He shared a cache of internal documents with The Post and federal investigators that he says support his claims.
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 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.”
Litinsky did not respond to emails and phone messages. It is unknown whether he still retains his shares.
The email — one of hundreds of previously unreported company messages, documents, photos and audio recordings that Wilkerson has provided to the SEC in connection with a whistleblower submission — reveals a stunning portrait of the animosity that has built up inside Trump Media since its high-profile debut last year.
Promoted as the centerpiece of Trump’s post-presidential business ambitions, the company had marketed itself as a budding media empire, with enterprises planned in social media, video streaming, live events and online payments — a powerful rival not just to Twitter but Disney, Google and Amazon.
But inside the company, Wilkerson said, those plans gave way to bitter infighting, technical failures and a chaotic jockeying for power among Trump allies that undermined its potential and left some employees crying at their desks.
Wilkerson, who was fired from his job Thursday as a senior vice president of operations at the company after he spoke to The Post, filed the whistleblower complaint with the SEC in August. The complaint, drafted by Wilkerson’s attorneys, alleges that the company’s bid to raise money via an investment vehicle known as a special purpose acquisition company, or SPAC, relied on “fraudulent misrepresentations … in violation of federal securities laws.”
Truth Social’s hallmark — Trump’s involvement — has been undermined by the possibility that a Musk-owned Twitter could restore Trump’s account. Trump has insisted he would not rejoin Twitter even if he is reinstated, though some Trump advisers told The Post they think he wouldn’t be able to resist.
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