SEC sues Trump Media SPAC ex-CEO Patrick Orlando for alleged fraud
Publishing timestamp: 2024-07-18 12:54:06
Summary
The SEC sued the former CEO of a blank-check company that merged with Trump Media, accusing him of lying about their plans to combine with Donald Trump's social media startup. The SEC alleges that the ex-CEO lied in public filings and engaged in discussions with Trump Media representatives despite claiming otherwise. The SEC is seeking to force the ex-CEO to give up ill-gotten gains and face civil penalties.
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Keywords: breaking news: politics, donald trump, elections, business news, lawsuits, products and services, politics, orlando, trump media & technology group corp,
Source: https://www.cnbc.com/2024/07/18/sec-sues-trump-media-spac-ex-ceo-patrick-orlando.html