gabeygoat
Master Poster
I guess Trump is now suing Truth Social co-founders
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Trump and money
“In papers filed last week in Florida state court, Trump Media & Technology Group Corp. argued that executives Wes Moss and Andy Litinsky made a series of costly mistakes that resulted in a long delay in the company’s going public and urged a judge to strip them of their shares in the company.”
A judge can do that?
Norman Alexander
Penultimate Amazing
Of course they can! They pack heavy heat and have the punch of a mule! Relentless, unstoppable! And they are 250 IQ! Never wrong, never look back, never apologise...
[IMGw=200]https://m.media-amazon.com/images/M/MV5BMjQ4OTg5OTUxMl5BMl5BanBnXkFtZTgwNzg5MjA4MjI@._V1_.jpg[/IMGw]
Mary Trump suspects Truth Social is a campaign finance scam.
https://x.com/maryltrump/status/1774955664109928827
“Direct donations to political candidates are subject to FEC laws, which impose limits on the amount that can be donated and require transparency about the source of donations.
Now that Truth Social is a publicly traded company, however, supporters and even foreign entities have a new, surreptitious way to back Donald financially without having to make a direct political donation.
This is a cause for concern.”
https://x.com/maryltrump/status/1774955664109928827
“Direct donations to political candidates are subject to FEC laws, which impose limits on the amount that can be donated and require transparency about the source of donations.
Now that Truth Social is a publicly traded company, however, supporters and even foreign entities have a new, surreptitious way to back Donald financially without having to make a direct political donation.
This is a cause for concern.”
acbytesla
Penultimate Amazing
- Joined
- Dec 14, 2012
- Messages
- 40,904
This is like everything else Trump related, a cluster. Everyone involved with Truth Social is suing each other.
Trump is obviously forum shopping. Moss and Litinsky were already suing Trump in Delaware. The appropriate move by Trump was to make counter-claim in the Delaware Court. But he is seeking a friendly judge so he filed suit in Tallahassee.
From my understanding, the chancery court judge is livid and likely will sanction Trump.
Crossbow
Seeking Honesty and Sanity
Well, ...
In a typical turn of Trump events, that stupid, idiotic, lying POS Trump has managed to screw-up his own bond payment:
https://www.rawstory.com/trump-bond-2667675522/
Rejected': Trump bond filing 'returned for correction' over botched lawyering
Documents related to Donald Trump's $175 million bond were "returned for correction" after his lawyers reportedly forgot to attach a financial statement.
...
"The court has returned the documents listed below for the following reasons: Please include a current financial statement and Power of Attorney," the instructions said. "Additionally, please list the name of the Attorney-in-Fact under the signature line on the Undertaking. Please use the 'Refile Document' link for Doc. No. 1707 to resubmit the corrected filing. Thank you and have a great day."
...
Norman Alexander
Penultimate Amazing
Tell me you are Alina Habba without telling me you are Alina Habba.
dirtywick
Penultimate Amazing
- Joined
- Sep 12, 2006
- Messages
- 12,559
Norman Alexander
Penultimate Amazing
Here's a phrase about Donny we will need to recognise more often: прачечная самообслуживания.
What does that mean, please?
Trebuchet
Penultimate Amazing
"Self-service laundry", according to Google Translate. Presumably to do with money laundering.
Norman Alexander
Penultimate Amazing
I'll pay that. "Laundromat"
The Donald Trumpomatic.
Gulliver Foyle
Philosopher
Like Charlie Haughey over here, I would say that as long as T****y remains politically useful, he'll be found to have sufficient funds to continue as a going concern. Unlike the Squire though, if T****y loses in November, he'll find he's in hock to the king of people whose idea of a debt restructuring plan is to take a 12 inch lump hammer to the recalcitratnt debtor's extremities and to double the interest rates.
Shrinker
Graduate Poster
- Joined
- Oct 25, 2004
- Messages
- 1,584
Evidence points to Putin by way of Putin's nephew propping up Trump’s Truth Social.
What a shocker.
We’ve all figured out by now that this is false, right? It’s not Putin’s nephew.
acbytesla
Penultimate Amazing
- Joined
- Dec 14, 2012
- Messages
- 40,904
Trump is now pumping Truth Social. Something that is highly illegal.
When you're a 60 percent owner in a public stock, the rules are very different. Trump has a fiduciary duty to anyone who might buy the stock to be totally forthcoming.
When you're a 60 percent owner in a public stock, the rules are very different. Trump has a fiduciary duty to anyone who might buy the stock to be totally forthcoming.
Norman Alexander
Penultimate Amazing
So what's the "punishment" for that? A nominal fine wrist-slap? Beaten about the face and body with a limp lettuce-leaf? 30 years jail?
acbytesla
Penultimate Amazing
- Joined
- Dec 14, 2012
- Messages
- 40,904
Everything from financial penalties to prison. Trump could be sued by stockholders, fined by the SEC and imprisoned for stock fraud. Depends on the seriousness and evidence of the fraud. But numerous Executives have gone to prison for stock fraud which Trump is bordering on. We already have two individuals that have plead guilty to stock fraud involving Truth Social. They could be sentenced to twenty years in prison each. Although it is likely to be much less.