{"id":1535866,"date":"2022-07-02T00:52:36","date_gmt":"2022-07-02T04:52:36","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1535866"},"modified":"2022-07-02T00:52:37","modified_gmt":"2022-07-02T04:52:37","slug":"trumps-social-media-company-subpoenaed-by-federal-grand-jury","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trumps-social-media-company-subpoenaed-by-federal-grand-jury\/","title":{"rendered":"Trump\u2019s Social Media Company Subpoenaed by Federal Grand Jury"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrumps-social-media-company-subpoenaed-by-federal-grand-jury%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1535866&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Former President Donald Trump\u2019s social media company,\u00a0Trump Media &#038; Technology Group (TMTG), has been subpoenaed by a federal grand jury in Manhattan as part of a criminal investigation into a deal to go public via a\u00a0special purpose acquisition company called\u00a0Digital World Acquisition Corp (DWAC).<\/p>\n<p>TMTG is the parent company of Trump\u2019s <a href=\"https:\/\/www.theepochtimes.com\/t-truth-social\">Truth Social<\/a> app.<\/p>\n<p>In a\u00a0<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001849635\/000119312522187236\/d322382d425.htm\">securities filing<\/a>\u00a0on July 1, DWAC said it was informed\u00a0that TMTG received a subpoena on June 30, issued by a federal grand jury in the Southern District of New York,\u00a0seeking information about the proposed merger between TMTG and DWAC.<\/p>\n<p>Certain current and former TMTG personnel also recently received individual\u00a0grand jury subpoenas, DWAC said. No names were disclosed.<\/p>\n<p>DWAC noted on July 1 that TMTG had separately received a subpoena from the U.S. Securities and Exchange Commission (SEC) on June 27 \u201cseeking documents relating to, among other things, Digital World and other potential counterparties for a business transaction involving TMTG.\u201d<\/p>\n<p>In a <a href=\"https:\/\/ir.tmtgcorp.com\/news-events\/press-releases\/\">statement<\/a>\u00a0on July 1, TMTG said it \u201cwill continue cooperating fully with inquiries into our planned merger and will comply with subpoenas we\u2019ve recently received, none of which were directed at the company\u2019s Chairman or CEO,\u201d referring to Trump and former U.S. Rep. Devin Nunes, respectively.<\/p>\n<p> Probe Into Whether Companies Violated Securities Law <\/p>\n<p>The investigations by the\u00a0Justice Department and the SEC are probing whether DWAC had held private or undisclosed talks on plans to merge with TMTG before its own\u00a0initial public offering (IPO) in September 2021, which would have violated federal securities law.<\/p>\n<p class=\"v2pOr\">Sen. Elizabeth Warren (D-Mass.) in\u00a0a letter\u00a0(<a href=\"https:\/\/www.warren.senate.gov\/imo\/media\/doc\/11.17.2021%20Trump%20SPAC%20Letter.pdf\">pdf<\/a>) in November 2021 called on the SEC to investigate whether the deal violated such laws, saying that reports alleging that DWAC had held merger talks as early as May 2021 were concerning.<\/p>\n<p>DWAC <a href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/0001849635\/000119312522181778\/d293380d8k.htm\">previously disclosed\u00a0<\/a><a href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/0001849635\/000119312522181778\/d293380d8k.htm\">in a filing on June 27<\/a> it is\u00a0the subject of an SEC investigation into<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former President Donald Trump\u2019s social media company,\u00a0Trump Media &#038; Technology Group (TMTG), has been subpoenaed by a federal grand jury in Manhattan as part of a criminal investigation into a deal to go public via a\u00a0special purpose acquisition company called\u00a0Digital World Acquisition Corp (DWAC). TMTG is the parent company of Trump\u2019s Truth Social app. In [\u2026]<\/p>\n","protected":false},"author":183,"featured_media":1894760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1535866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.theepochtimes.com\/trumps-social-media-company-subpoenaed-by-federal-grand-jury_4572719.html","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1535866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/183"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1535866"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1535866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1894760"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1535866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1535866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1535866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}