TMTG is the company that implemented Truth Social but not just Truth Social they are trying to be a $100 B media company. Several issues are rearing up.
But first, the predatory demands from Trump on Melania's behalf:
In calls from Trump to Litinsky, then a co founder and board member of Trump Media& Technology Group (TMTG), Trump asked/told Litinsky to give Melania a small fortune she didn't earn. Five months later he was removed from the board. That's what triggered the e-mail shown in your post. Because for Trump 90% isn't enough.
The story is worse than just that.
In addition to Trump's demand that Litinsky gift Melania his equity in TMTG, Don Jr and Eric demanded equity from TMTG, even though they had nothing to do with the company. They made no investments, they did no work, just, out of the blue, Don and Eric just wanted equity in the company and felt entitled to it. Donald called board members angrily telling them that Don Jr was angry. Trump already owned 90% of the company. Why they didn't ask Donald for some of his pile isn't discussed anywhere.
Because they were his sons. That's why workers had to give their shares to them. Because for Trump 90% isn't enough.
(paywall)
Huffpo cites the story told in WaPo, no paywall
Will Wilkerson, a co-founder of Truth Social's parent company, was fired after alleging that the siblings "were taking equity away from hard-working individuals."
www.huffpost.com
The story is worse than that.
The SEC is investigating violations of rules to prevent insider trading and back room deals when mergers are done by publicly held companies. Meetings discussing the merger between Digital World Aquisition (DWA) and DMTG were held months before DWA went public with the announcement. DWA gained many millions of dollars in value after the merger was announced. Because for Trump, 90% wasn't enough.
The story is worse than that.
The guy that started DWA is a Michael Shvartsman , a Ukrainian, who first shows up in the Americas as a Canadian bar owner and gained notice of Canadian police. He shut down that business and started up what would become Rocket World Capitol in Florida. Rocket World or some earlier version of the company has been sued multiple times for failure to pay debts and failure to deliver product that had been paid for. Can we say this company seems shady?
Then suddenly he becomes involved in a deal that would funnel more than a billion dollars to TMTG if the merger goes through. It was Rocket World that formed the DWA, a publicly held shell company with no assets other than a promise to make shareholder big bucks when they bring start up companies public. It's all mumbo jumbo to me. Millions of dollars have been tossed about, at least 8 million of which went to TMTG. Suffice it to say, if/when TMTG merges with DWA, banks and investors promised to funnel a billion or so dollars into the promised merger that was set to happen in mid Sept. The SEC investigation is holding the merger up and at this time, it all looks to unravel.
To top it off, DWA is behaving like its parent company and failing to pay for services to the tune of several million dollars.
How did a Ukrainian bar owner in Canada get access to this much money? Can we say dirty money? That bar he owned that attracted Canadian Police attention. Edmonton Police Service claimed Kaos was financed by the Russian mafia. There is always the whiff of Russian oligarch money and influence with everything Trump does.
Let's not forget that Trump was Putin's money launderer. Something dirty is lurking under the sheets. Because for Trump, 90% is not enough.