Trump’s social media company went public relying partly on loans from trust managed by person of interest to prosecutors

Donald Trump’s social media company Trump Media managed to go public last week only after it had been kept afloat in 2022 by emergency loans provided in part by a Russian-American businessman under scrutiny in a federal insider-trading and money-laundering investigation.

The former US president stands to gain billions of dollars – his stake is currently valued at about $4bn – from the merger between Trump Media and Technology Group and the blank-check company Digital World Acquisition Corporation, which took the parent company of Truth Social public.

Through leaked documents, the Guardian has learned that ES Family Trust operated like a shell company for a Russian-American businessman named Anton Postolnikov, who co-owns Paxum Bank and has been a subject of a years-long joint federal criminal investigation by the FBI and the Department of Homeland Security (DHS) into the Trump Media merger.

  • originalucifer@moist.catsweat.com
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    8 months ago

    totally not a security risk that a guy that wants to be president recieves financial support from known adversaries.

    im sure the GOP would be totally silent if biden had received hundreds of millions of dollars from russians over the last decade. totally fine.

  • The Snark Urge@lemmy.world
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    8 months ago

    We’re going to be learning of new shit Trump got away with long after the worms have cleaned his skull of meat.

    In Minecraft.

  • zeppo@lemmy.world
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    8 months ago

    “Russia, Russia, Russia! That’s all you heard at the beginning of this Witch Hunt Hoax…And now Russia has disappeared because I had nothing to do with Russia helping me to get elected.

    I’m so tired of this stupid asshole. That’s right, Russia, Russia, Russia because you have so many shady ties to Russia.

  • graycube@kbin.social
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    8 months ago

    The main Russian news organization is call “Pravda”, which is Russian for “Truth”. Their social media arm therefore, translated to English, would probably be called “Truth Social”.

  • Optional@lemmy.world
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    8 months ago

    Hang on a second here - what, Trump has some kind of . . . what, like, ties to russia???

  • _sideffect@lemmy.world
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    8 months ago

    People still vote for him because they hate democrats with a passion. They turn a blind eye to everything drumpf does

    • cabron_offsets@lemmy.world
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      8 months ago

      They’re mindless automatons, programmed by their republican overlords, who themselves are happy to sell out their country to the highest bidder.