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SEC sues Trump Media SPAC ex-CEO Patrick Orlando for alleged fraud https://t.co/TgCho1kfap
ICYMI: The SEC sued the Miami-based financier who helped bring former President Donald Trump's social media venture onto Wall Street for allegedly misleading investors, according to a court filing. https://t.co/F1N72UhD2R
The U.S. Securities and Exchange Commission on Wednesday sued Patrick Orlando, ex-chief of Digital World Acquisition Corp that helped former U.S. President Donald Trump's social media company go public, for securities fraud https://t.co/XYNzHgvl0U https://t.co/v6otPnJC9C
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Patrick Orlando, the former chief executive of Digital World Acquisition Corp (DWAC), the blank-check firm that facilitated the public listing of Donald Trump's social media company. Orlando, a Miami-based financier, is accused of securities fraud, with allegations that he misled investors about the company's plans for a Special Purpose Acquisition Company (SPAC) merger with Trump's media venture. The charges, detailed in a court filing, come a year after the SPAC that merged with Trump Media settled with the SEC. The lawsuit was filed on Wednesday.
