Trump’s Truth Social is Revealed to Be Another Terribly Risky Trump Scam – By Its Own Prospectus

The insufferable saga of Donald Trump’s Truth Social website, and his desperate attempts to remain relevant online since he was booted from Twitter, is continuing to descend ever deeper into an abyss of his own making. And this downward spiraling is accelerating despite his relentless contributions of posts that are primarily incoherent and emotional outbursts of hostility, ignorance, and self-exaltation.

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This week the Securities and Exchange Commission inexplicably approved the merger between Truth Social’s parent company, Trump Media and Technology Group (TMTG), and Digital World Acquisition Corp (DWAC), the shell company that Trump hopes to use to get a stock market listing. That news contributed to DWAC’s stock price tripling since the beginning of the year ($16.00- $48.00). Or maybe it was because the Biden-Harris campaign created a Truth Social account and began posting a few weeks ago.

SEE THIS: The Biden Campaign is Now on Trump’s Truth Social For Your Entertainment Pleasure

However, no one but confirmed Trump Cult devotees should be jumping into this stock if they care about preserving their money. A quick look at the company’s prospectus should frighten off any astute investors. Some of the risks disclosed in the prospectus were reported by MarketWatch

“Truth Social, his would-be Twitter rival, is a high-risk, speculative operation with few hard numbers behind it. It’s already the subject of subpoenas, from regulators and a grand jury, even though it’s barely off the ground. Oh, and Trump is not required to use the social-media site much — if at all — to communicate with the public, notably if voters were to return him to the White House. You buy the stock at your own peril.”

[And…]

“Digital World has been in trouble with the Securities and Exchange Commission, and recently agreed to pay $18 million to settle fraud charges relating to this potential merger.”

[And…]

“A number of companies that were associated with President Trump have filed for bankruptcy…There can be no assurances that TMTG will not also fail.”

The prospectus also discloses the six bankruptcies among Trump’s hotels and casinos, and other business failures, such as his airline, vodka, steaks, mortgage, and travel agency. Also mentioned was his fraudulent university that was ordered to pay $25 million in compensatory damages. The article didn’t mention his bogus charity that was also fined and shuttered.

Furthermore, the prospectus included a section enumerating Trump’s numerous pending criminal cases. The 91 felony charges included everything from financial fraud, to inciting a violent insurrection, to threatening election officials, to stealing (and perhaps disseminating) classified documents. And let’s not forget his being found civilly liable for rape and ordered to pay $354 million for falsifying his financial statements.

MarketWatch noted that TMTG reported a measly 8.9 million users. But that’s okay because it “believes that adhering to traditional key performance indicators, such as signups, average revenue per user, ad impressions and pricing, or active user accounts” is a distraction.

Perhaps they are figuring in Trump’s “brand” value. Although on that measure, the prospectus says that Trump is only “required to post certain of his social-media messages there first…And the Truth Social exclusivity on each post only lasts for six hours. [and he] can even cancel this agreement with 30 days’ notice, ‘at any time on or after February 2, 2025.'” Which is suspiciously just two weeks after Inauguration Day.

The recent surge in DWAC’s stock should be regarded with ample amounts of skepticism. The stock has had similar spikes – and subsequent declines – several times. Investors and Trump Cult disciples who bought in at $170.00 a share are still seriously screwed. But maybe they continue to believe that Trump can earn it all back with his latest business venture: grotesquely gold “Never Surrender” sneakers…

UPDATE: As evidence that Trump will eventually turn on you, no matter who you are and how much you suck up to him, Truth Social co-founders accuse Trump of trying to rip them off in merger.

For the record, here are some other recent stories about Trump’s misadventures in social media and the stock market…

Trump’s Truth Social Reports Massive Losses and Warns that it Could Go Out of Business
A Securities and Exchange Commission (SEC) filing by the company reveals its financial frailty. The report paints a pitiful picture of the enterprise’s prospects going forward and reveals that it has lost $31.5 million since it opened for business just two years ago.

Trump’s Truth Social Continues to Collapse as Its Biz Partner Loses Virtually All of its Funding
The funding partner for TMTG said that it will return the remaining $533 million of the $1 billion raised to finance the venture after investors canceled $467 million of commitments.

Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam
Trump’s associates in his truthless, anti-social media venture were arrested and charged with insider trading. Reports indicate that “the three individuals together made more than $22 million in illegal profits.”

Truth Social Disease: Ads on Trump’s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch
Advertisers are afraid of their ads being juxtaposed with hate speech and other noxious content. Consequently, the only advertisers who are willing to shell out are sketchy scammers, conspiracy theorists, and junk peddlers.

LOCK HIM UP: Trump’s TRUTH Social Scam is Being Criminally Investigated By a Federal Grand Jury
In addition to the Grand Jury proceedings, the SEC is investigating whether TMTG and DWAC executives improperly coordinated with each other and engaged in insider trading. They have also partnered with a Chinese firm with a dubious legal past.

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After Losing $83 Million, Big Mouth Trump Hasn’t Made a Single New Attack on E. Jean Carroll

This week there was a historic event in the annals of American law and politics. For the second time in history a former president of the United States, Donald Trump, was found liable for sexual assault and defamation. He was ordered to pay the woman he assaulted, E. Jean Carroll, $83.3 million. Trump was also the perpetrator, and Carroll the victim, the first time this happened, just last year.

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Donald Trump Pacifier Fox

Clearly Trump is an incorrigible, recidivist criminal who has no respect for the law, or for women, and believes that he has the right to commit whatever crimes he wants without consequences. He has said so explicitly.

SEE THIS: Felonious Punk Trump Demands ‘TOTAL IMMUNITY’ – Even for Acts that ‘CROSS THE LINE’

Despite Trump’s psychotic compulsion to vilify his perceived enemies, this latest legal smackdown might have finally stilled his slanderous tongue. For months he has been viciously attacking Carroll on his failing social media scam, Truth Social. For the most part, his posts have not sought to make a case for his innocence. They have been blatantly derogatory and insulting and intended solely to tarnish Carroll’s reputation. They reached back into the distant past to grab out-of-context quotes that he distorts in order to falsely portray her as a loose woman. Which he seems to believe would justify assaulting her. On several occasions Trump unleashed 30, 40, or more of these malicious messages in the span of an hour or two.

SEE ALSO: Fearful Trump Unleashes a Flurry of Frantic Posts Attacking His Rape Victim, E. Jean Carroll

However, in the hours since the jury returned their multimillion dollar penalty, Trump has been uncharacteristically quiet online. He posted a single comment whining that he disagreed with the judgment, then went silent on the subject. Although that one comment was loaded with ludicrous commentary…

Don’t expect Trump to continue holding his fire against Carroll. He has zero self-control and his infantile and hostile tendencies can always be relied upon to reemerge. In the mean time, Trump is reprising that old, reliable, right-wing scare tactic of millions of malevolent migrants invading America to steal your jobs and vote for Democrats. He posted a comment raging that…

“Just 3 years ago we had the strongest and safest Border in U.S. History. Today we have a catastrophe waiting to happen. It is the WORST BORDER IN THE HISTORY OF THE WORLD, an open wound in our once great Country. TERRORISTS ARE POURING IN, UNCHECKED, FROM ALL OVER THE WORLD. There is now a 100% chance that there will be MAJOR TERROR ATTACKS IN THE USA. CLOSE THE BORDER!”

Got that? Trump claims, without a shred of evidence, that we went from the best ever to worst ever border. And has anyone run into any of those terrorists who are “pouring in, unchecked”? And of course Trump is predicting a “100% chance that there will be MAJOR TERROR ATTACKS IN THE USA.” That’s more of a hope on his part. Just like he hopes the economy will crash, and civil war will break out.

MORE HERE: On Fox News Jessica Tarlov Summarizes the Success of Bidenomics that the Media Refuses to Cover

Trump followed up that post with four more comments about border issues, including one that sought to sabotage the bipartisan immigration bill that is currently being negotiated in the Senate. And naturally his perspective was fraught with animus and ignorance…

It’s cute that Trump thinks that the judgment against him is a “witch hunt” directed by President Biden. Because all that does is reveal that that Biden fella keeps winning. Proving that he’s pretty sharp for a guy that Trump and the GOP say is mentally impaired. If Biden, according to Trump & Co., is a senile communist who can’t put two sentences together, what does that say about Trump and the MAGA Klan that keep losing to him?

UPDATE: 48 hours later and, other than reposting a Breitbart article, Trump has still not mentioned the Carroll judgment himself online or in his campaign speech in Nevada.

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Fearful Trump Unleashes a Flurry of Frantic Posts Attacking His Rape Victim, E. Jean Carroll

The new is year is only four days old, and Donald Trump has spent most of it posting manic messages on his failing social media scam, Truth Social. That’s a peculiar use of his time, considering that he has been complaining that all of his multitude of indictments and lawsuits must be delayed because he doesn’t have enough time to properly respond to them.

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Donald Trump, Woman, Fear

Perhaps if Trump devoted more time to his criminal and civil cases, and less to babbling incoherently on social media, staging cult rallies, and golfing, he might be better able to defend himself. Although, even then it would be difficult with the mountains of documentary and testimonial evidence against him, and with his incompetent attorneys.

SEE THIS: Trump Lawyer Complains that Just Factually Reporting His Legal Problems is Election Interference

Case in point: As CNN reported this week, “A federal appeals court denied Donald Trump’s effort to delay his defamation trial set to begin in two weeks.” So January 16 has been set for the start of his trial for defaming writer, E. Jean Carroll. Actually, his second trial. She already won a $5 million dollar judgment against him for defamation and sexual assault.

However, as usual, Trump is his own worst enemy. As a result of his inability to control his big mouth, he is now being sued by Carroll for new offenses. After the first jury found him liable for sexually abusing and defaming Carroll, he appeared on a CNN town hall the next day and defamed her again. Which prompted her second lawsuit. After Trump filed an inanely argued motion for a new trial, the judge concluded that the facts showed that Trump had, in fact, raped Carroll.

SEE ALSO: Ted Lieu Reads Federal Judge’s Confirmation that Trump is a Rapist Into Congressional Record

With the trial date approaching Trump is teetering further over the edge of sanity. On a thirty minute spree Thursday morning Trump posted thirty-one (31!) comments on his vanity website attacking Carroll with irrelevant and out of context quotes and links. Most of them were things she might have written in her entertainment column decades ago. They have absolutely nothing to do with the charges that he assaulted and raped her.

The only thing that Trump can hope to achieve by this is to exacerbate his legal peril and increase the amount of the amended judgment he will have to pay. Unfortunately, it also puts Carroll at risk for harm by Trump’s cult followers who regard him as the victim, rather than her. And it affirms that, as long as Trump is free to attack his victims, judges, prosecutors, and witnesses, he represents a clear and present danger to society. At some point the law needs to step in for the sake of public safety.

UPDATE: Throughout the day Trump continued his sickly obsessive rants, posting 42 more comments about Carroll, for a grand total of 73 for the day. Thirty of the additional posts all had the same exact message attached to many repeats of earlier posts. In it he refuted all the evidence presented in court and denied knowing Carroll, saying “Except for a Fraudulent Case against me, I had no idea who E. Jean Carroll was.” Then, typical of Trump, he attacked the judge hearing the case saying that he is “another Highly Partisan Clinton-Appointed Friend. He should have recused himself long ago!”

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FOX NEWS IS APPALLED that Trump Quoting Hitler Might Get More Press than a Selfie Sex Video

What constitutes “news” these days has had a stark transformation from what is generally considered matters of consequence to the public at large, to tabloid trash and titillating gossip. and much of that shift can be attributed directly to Fox News and other right-wing outlets that have abandoned facts in favor of partisan propaganda.

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Donald Trump, Adolf Hitler

This week Fox News reestablished itself as the leading perpetrator of this redefinition of what is regarded as newsworthy. Their devotion to the debasement of the press was on full display during a segment of Fox and Friends that sought to make a distinction between two current events competing for attention. And true to form, Fox managed to make a mess of the whole matter in manner that was typical of their predictably ludicrous news judgment. After all, it is the same network that celebrates an annual “War on Christmas.”

SEE THIS: WOW! Fox News Exposes Biden’s ‘Freak-O-Rama’ Plot to Swap Christmas Cheer with Marxist Hate

The segment that aired on Saturday (video below) tried to juxtapose stories that had no rational connection anywhere but in the minds of perverse Fox Newsers. One story was about a selfie sex video that was making the rounds on social media. It featured an aide to Democratic Sen. Ben Cardin, who was quickly fired. The other story was about Donald Trump quoting Adolf Hitler, a repugnant historical figure for whom Trump has previously expressed admiration.

The segment began with co-host Will Cain playing a clip of Trump’s Hitler citation at his recent cult rally in New Hampshire, where he was distorting data (i.e. lying) on immigration and demeaning refugees…

Trump: “We’ve get a lot of work to do. They’re poisoning the blood of our country. That’s what they’ve done. They’ve poisoned mental institutions and prisons all over the world. Not just in South America, not just the three or four countries that we think about, but all over the world.”

The phrase “poisoning the blood of our country” was one that was used frequently by Hitler and his Nazi confederates. For the leading candidate for the Republican Party’s nomination for president to be embracing that rhetoric is abhorrent and frightening. But that wasn’t what Cain was upset about. He continued…

Cain: “The mainstream media is going to talk about this. They already are. It’s going to take over everything. ‘Poison the blood of our country’ when talking about illegal immigration. In fact, the Biden-Harris administration has already jumped all over it. They said the following…

Biden Spokesman: ‘Tonight, Donald Trump channeled his role models as he parroted Adolf Hitler, praised Kim Jong un, and quoted Vladimir Putin, while running for president on a promise to rule as a dictator and threaten American democracy. He is betting he can win this election by scaring and dividing the country. He’s wrong.’

Cain: “The reason I bring up those two stories to you, is I thought and I think it should be a big deal that we’re talking about what happened in the Senate hearing chamber. And I think what we’re going to do, I think what’s going to happen here for the next couple of days is we’re going to latch on to three words that Donald Trump said, and it’s going to drive the news cycle.”

That’s right! What Fox News thinks is a “big deal” is the video made by a lowly (and horny) senate staffer who has already been fired and has no impact whatsoever on the nation. And they are deeply disturbed that that petty, but provocative, video might be swept aside by the video of the aspiring authoritarian Trump employing fascist hate speech. On a legitimate news network a potential president who embraces fascism would deserve far more than a “couple of days” of the news cycle.

Fox News has provided an outstanding example of their priorities and those of the Republican Party. They aim to elevate pseudo-scandalous nonsense to crisis levels, while being casually dismissive of prospective dictatorships. And that should stir fear in the hearts and minds of the American people because that’s precisely how such dictatorships come to pass.

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Trump’s ‘Mugshot Edition’ NFT Card Scam Sneaks In Terms that Confirm He is a Brazen Grifter

Throughout Donald Trump’s career in business and politics he has established himself as a deceitful, exploitative con man whose only interest is enriching and empowering himself. It’s why he has so often stiffed his vendors and partners, shuttered fraudulent operations (i.e. his university, charitable foundation, casinos, etc.), and declared half a dozen bankruptcies that left his creditors in the lurch while he pocketed the spoils.

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Trump Trading Cards

Trump’s latest swindle is the release of the “Mugshot Edition” of his allegedly collectable NFT cards. These are digital images that cost next to nothing to make, and that he has licensed for sale by a third party vendor at $99.00 a piece. He announced this boondoggle on another one his scams, Truth Social, that is losing millions of dollars and has warned investors that it could soon go belly up.

SEE THIS: Trump’s Truth Social Reports Massive Losses and Warns that it Could Go Out of Business

Never mind that Trump’s previous edition of NFTs was a flop that lured suckers into paying inflated prices that quickly declined when it turned out that there were no buyers for his worthless digital trash. The new edition is likely to follow the same path.

Trump is once again charging $99.00 for his faked pseudo-photos. And this time he is adding a couple of bonuses to encourage his flock to shell out. In order to qualify for the bonus a buyer would have spring for the full 47 piece collection, for a total price of $4,653.00. For that lofty sum you could “win” either a dinner with Trump at Mar-a-Lago, or a special edition physical card with an actual swatch from the suit he wore when he surrendered to authorities in Georgia for his mugshot.

There are, however, a couple of problems with the contest. For one thing, the winner of the dinner would have to pay all of the transportation and lodging costs. Which likely means that the winner would be paying Trump to stay in his own hotel. As for the suit swatch, there is no way to affirm that it actually came from his suit, as if anyone really cared.

More troubling is the small print in the terms and conditions attached to the bonuses. For both prizes the terms state that:

For the mugshot card…
“In the event the Bonus Physical Card cannot be fulfilled due to an issue in the manufacturing, production, or delivery on the Bonus Physical Cards, individuals who qualified for the Bonus Physical Card will be awarded a limited edition Trump NFT in lieu thereof, as determined by us in our sole discretion,” the terms and conditions say.

For the dinner…
“In the event President Trump is unable to attend the Bonus Gala Dinner,” or the dinner cannot happen for any other reason, “then we may reschedule the Bonus Gala Dinner or individuals who qualified for the Bonus Gala Dinner will be awarded a limited edition Trump NFT in lieu thereof, as determined by us in our sole discretion,” according to the terms.

In other words, at the “sole discretion” of Trump, and/or his vendor, the prizes could be forfeited and another worthless NFT awarded in their place. All for just $4,653.00. And the saddest part of this is that a fair number of Trump’s glassy-eyed cult followers will still likely salivate over the opportunity to be duped by The Donald.

It’s astonishing how gullible people can be when wooed by a former reality TV game show host whose past is replete with purposeful fraud. But they can take comfort in the knowledge that, in the end, they will get precisely what they paid for. And that Trump will have a good laugh at their expense.

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Trump Aide Jason Miller Accused of Sexual Assault – Is That a Trump Employment Prerequisite?

The number of Donald Trump associates implicated in illegal and/or immoral conduct just went up again. He already held the record for such unsavory connections in both his political and private lives, but he is apparently determined to set the bar so high that no one will ever challenge his dominance in depravity.

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Donald Trump, Pervert

Jason Miller, who is currently a senior advisor to Trump, has been accused of a variety of sexually related offences against another Trump aide, A.J. Delgado. He’s just the latest member of Trump’s inner circle to be charged with such grotesque misbehavior. Perhaps he can use as his defense that he was just following the example of his boss, who was recently affirmed to have committed rape against writer E. Jean Carroll.

SEE THIS: Ted Lieu Reads Federal Judge’s Confirmation that Trump is a Rapist Into Congressional Record

Delgado has filed a lawsuit against Miller, who has a prior history of alleged abuse and failure to take responsibility for his turpitude. According to Raw Story

“A lawsuit filed against longtime Trump aide Jason Miller accuses him engaging in ‘a cycle of sexual coercion, rape, sexual assault, abuse, battery, sexual harassment, and sex trafficking.’ [The lawsuit] was filed on behalf of A.J. Delgado, a former Trump 2016 campaign aide with whom Miller had an affair and who has since long accused Miller of stiffing her on child support payments.”

However, Miller is just the tip of the iceberg. The mob of miscreants that the Trump clan is composed of appears to be closely aligned with his set of morals, or lack thereof. In fact, the frequency of offenders on Trump’s team makes it appears as if committing sexual crimes is actually prerequisite to work for Trump, whose own vile exploits include dozens of allegations of assault and harassment. What follows is a partial, but noxious, enumeration of just a few of the perverts on Trump’s payroll.

Corey Lewandowski: “Former senior Donald Trump adviser Corey Lewandowski has cut a deal with Las Vegas prosecutors after he was charged with misdemeanor battery, stemming from allegations of unwanted sexual advances toward a woman during a charity dinner in Sept. 2021.”

Rudy Giuliani: “Cassidy Hutchinson, a former White House aide who became a key witness in congressional Jan. 6 hearings, alleges that former President Donald Trump’s lawyer, Rudy Giuliani, groped her on the day of the assault on the Capitol.”

Rob Porter “Rob Porter, a top White House aide with regular access to President Donald Trump abruptly resigned on Wednesday amid abuse allegations from two ex-wives.”

Boris Epshteyn “Boris Epshteyn, a longtime aide to former President Donald Trump, was arrested in 2021 after he was accused of repeatedly groping two women in an Arizona nightclub, according to police records.”

Andrew Puzder Andrew Puzder, “a former corporate executive alleging sex discrimination and sexual harassment by Donald Trump’s labor secretary nominee, Andrew Puzder”

Adam Hageman Adam Hageman, “A Trump Commerce Department official has been jailed for five-and-a-half years after pleading guilty to possession of child sexual abuse images.”

Kimberly Guilfoyle “Kimberly Guilfoyle was fired from Fox News because of ‘inappropriate behavior,’ adding weight to previous reports that she was ousted over sexual harassment allegations.”

That’s quite a rogues gallery. And while each of them have earned their own place in the Trump Hall of Shame, they all fall short of his lofty record of decadence and corruption. Trump is alleged to have harassed and/or assaulted at least 26 women. He has been found liable for fraud related to his real estate business, his charitable foundation, and his phony university. And he is now facing four indictments containing 91 felony charges ranging from obstruction of justice, to falsifying financial records, to stealing and hoarding classified documents, to interfering with an election, and to staging a violent coup.

Yet somehow he remains not just a viable candidate for the Republican nomination for president, but the runaway leader. His cult followers – while few in number but loud in voice – continue to worship him and pledge their votes. Which is curious considering that he doesn’t believe that someone like himself should even be allowed to run…

SEE THIS: Donald Trump: Presidential Candidates Under Felony Indictment Have ‘No Right to Be Running’


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GOP Oversight Chair Spins Litany of Lies Alleging Biden Financial ‘Scandal’ that Doesn’t Exist

The Republican Party has pursued a singular legislative focus throughout the administration of President Joe Biden. That focus, unfortunately for the American people, has been to try to manufacture scandals aimed at smearing the reputation of Biden, rather than to pass bills that advance the interests of the nation and its citizens.

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Joe Biden, GOP, Elephant

The neglect of their congressional duties has prevented the most basic functions of the House of Representatives from being carried out. Those include avoiding a catastrophic debt ceiling default, and passing the appropriations bills that keep the government from shutting down. Recently, this GOP fixation on maligning Biden has even seeped into critical emergency funding for America’s allies in Israel and Ukraine.

SEE THIS: Republicans in Congress are Holding Israelis Hostage to Aid for Wealthy American Tax Cheats

Now, after a humiliating three week long quest for a new House Speaker, Republicans have returned to the bitterly partisan work that they think is most important for the country. And leading the charge is GOP Rep. James Comer, chairman of the House Oversight Committee. In his role as chairman, Comer was tasked by the ousted GOP Speaker, Kevin McCarthy, with conducting “impeachment inquiry” hearings based on nothing more than the their obsession with dragging Biden down. And on Wednesday morning, under the direction pf new GOP Speaker Mike Johnson, he proudly showed off the rotten fruit of his odious labor.

Comer released a video wherein he sought to reveal what he regards as “smoking gun” proof that Biden had received extorted funds from China. The only problem with the fairy tale that Comer weaved was that it lacked any evidence whatsoever of any impropriety on Biden’s part. Other than that it was spellbinding. And naturally, Fox News was all over this faux scandal, and Donald Trump posted four comments about it on his failing social media scam, Truth Social.

In the video (posted below), Comer made multiple baseless assertions, including his blatantly false claim that “$40,000 in laundered China money landed in Joe Biden’s bank account.” He also alleged that “It all began with a shakedown in the summer of 2017” instigated by Hunter Biden. Elaborating, Comer said that…

“As Hunter Biden extorted this associate, Hunter claimed he was sitting with his father and that the Biden network would turn on his associate if he didn’t pony up the money. The extortion scheme worked.”

Notice that there is no proof that Hunter Biden was “sitting with his father,” or that President Biden was involved in any way. But that didn’t stop Comer from using such loaded language as “laundered,” “shakedown,” and “extortion.”

Then Comer struggled to piece together a labyrinthine path of fund transfers that allegedly went from a Chinese company, through some Biden family businesses, and eventually to Joe Biden. But Comer never manages to show any relationship between any of these financial transactions and the President. They are simply business transactions that occurred over time, followed by a personal loan repayment to Joe Biden. This isn’t the first time that Comer has attempted – and failed – to use this brazen distortion of events to bash Biden.

SEE ALSO: Desperate Republicans Seek to Impeach President Biden Because – His Brother Repays Loans?

By the same “logic” that Comer is contorting you could say that Comer laundered funds from the U.S. government (his congressional paycheck) to pay his mortgage. But even in his own conclusion, Comer admits that there is nothing of substance in his meandering fairy tale, saying that…

“It’s certainly plausible that this payment where James and Sara [Biden] used funds from China was indeed a loan repayment to Joe. But even if this $40,000 check was a loan repayment from James Biden, it still shows how Joe benefited from his family cashing in on his name”

No, it absolutely does not show that Joe Biden benefited. You cannot claim that he benefited when all he got out of it was a loan repaid by his brother without interest. Nevertheless, Comer lies outright saying that all of this “began when Joe Biden was still Vice President.” But Comer is contradicting himself. He started his video saying that “it all began … in the summer of 2017,” when Biden was neither an officeholder nor a candidate.

Finally, Comer closes by asserting with zero evidence that “Joe Biden exposed himself to future blackmail and put America’s interests behind his own desire for money.” Once again, there is no proof of any of that. No proof whatsoever of blackmail, or personal interest, or greed. Nor is there any proof that any policies were adopted that benefited the Chinese companies that Comer mentions.

Literally everything that Comer disgorges in his “bombshell” video is unproven, illogical, and driven by blind political animus. But it does explain why he recently told reporters that “I don’t know that I want to hold any more hearings, to be honest with you,” because he now prefers depositions which “you can do more with.” By which he means more lying.

No wonder Comer is afraid to hold more hearings. He knows that the hearings he has held thus far have only embarrassed him and his Republican confederates. They have not only failed to incriminate Biden, they have actually exonerated him. And as Jessica Tarlov of Fox News noted, “If there were any ‘smoking guns’ around, you’d probably have more hearings.”

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Trump’s Truth Social Continues to Collapse as Its Biz Partner Loses Virtually All of its Funding

Donald Trump is a one man crime syndicate who currently has 91 felony counts pending in four criminal indictments. The charges against him range from paying hush money to a porn star, to falsifying business records, to unlawful possession of classified documents, to obstruction of justice, to election interference, to inciting an insurrection, and so much more.

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Donald Trump Circling the Drain

This is an unprecedented display of depravity that more closely resembles the behavior of an inept mob boss than a former president. And it is more than just a legal calamity for Trump. It is an embarrassment to the Republican Party and his cohorts in Congress who still support him and his criminal conduct, and upon whom he is relying for salvation.

RELATED: Scared and Desperate Trump Begs Congress to Save Him From the Meanies Prosecuting His Crimes

Consequently, it should come as no surprise that Trump’s Twitter ripoff, Truth Social, is mired in the same sort of criminal controversies that have followed Trump for decades. And now it is suffering yet another setback as it barrels toward bankruptcy. According to reports

“The funding partner for Trump Media & Technology Group (TMTG) said that it will return the remaining $533 million of the $1 billion raised to finance the venture after investors canceled $467 million of commitments.” […]

“The loss of funding for DWAC [Digital World Acquisition Corp.] appears to be a step backward for the prospective merger between the company and Trump’s media outfit, which runs Truth Social.” […]

“With the loss of the funding, it’s unclear how Trump’s media group, called Trump Media & Technology Group, would finance its operations after the merger. The plan was that DWAC would provide TMTG with a deep pool of funds after the merger was completed.”

TMTG’s CEO, former GOP congressman Devin Nunes, inexplicably called the fund forfeiture “an important step towards…completing our merger,” However, he didn’t bother to explain how the loss of nearly a billion dollars in financing would lead to that end, or how it would benefit shareholders.

For some background, shortly after Truth Social was launched it was tied to DWAC, a special purpose acquisition company (SPAC). The law prohibits SPACs from discussing potential acquisition targets prior to their formation. But laws have never been an impediment to grifters in Trump World. The stock immediately ran up to $175.00, which is where the now indicted investors bailed out with huge gains. The stock now sits at about $15.00.

There are good reasons for the stock’s abysmal performance. The whole enterprise is a sham that can’t grow its user base or attract advertising. Meanwhile, the reputation for illegal activity on Trump’s part has been evident in the affairs of his Truth Social disease. What follows are a just a few of the licentious legal landmarks for the illicit enterprise:

Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam
Trump’s associates in his truthless, anti-social media venture were arrested and charged with insider trading. Reports indicate that “the three individuals together made more than $22 million in illegal profits.”

Trump Files Ludicrous Lawsuit Against the Washington Post for Defaming His Truth Social Scam
Trump has no basis for this suit. For one thing, he is constantly claiming that his Pravda Social is a massive success, greatly eclipsing Twitter. Also, it’s hard to defame a business that began as a fraud and went downhill from there.

Trump’s Truth Social CEO Whines that Shareholders in His Alt-Twitter Scam Are Being Wiped Out
Nunes visited Newsmax to swing open his tear ducts with mournful moaning about the catastrophic business for which he is the chief executive.

Trump Made Less than $200 on Truth Social According to His FEC Financial Disclosure
As for Trump, he was reported to own 90% of TMTG, which earned him less than $200 according to his financial disclosure. That’s hardly representative of the huge success that Trump has claimed Truth Social to be.

Trump’s ‘Truth Social’ Faces Legal and Financial Turmoil Amid Disclosures of Russian Funding
The report notes that the sources of the funding include the off-shore Paxum Bank, based in the Caribbean island nation, Dominica. It is notorious for “providing banking services for the pornography and sex worker industries, which makes it higher risk of engaging in money laundering and other illicit financing.”

Truth Social Disease: Ads on Trump’s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch
Advertisers are afraid of their ads being juxtaposed with hate speech and other noxious content. Consequently, the only advertisers who are willing to shell out are sketchy scammers, conspiracy theorists, and junk peddlers.

LOCK HIM UP: Trump’s TRUTH Social Scam is Being Criminally Investigated By a Federal Grand Jury
In addition to the Grand Jury proceedings, the SEC is investigating whether TMTG and DWAC executives improperly coordinated with each other and engaged in insider trading. They have also partnered with a Chinese firm with a dubious legal past.

As a bonus, it turns out that Trump bailed on his crooked company just weeks before subpoenas were served. He removed himself and Don Jr from the board of TMTG and is no longer named as the company’s chairman. What’s more, DWAC agreed to a settlement with the SEC that includes a finding that the company violated anti-fraud laws and will require them to pay an $18 million civil penalty when/if the deal closes. And signaling deeper problems with the SPAC’s finances, its auditor has resigned.

This is par for the course for Trump, whose businesses have a habit of failing after he and a few insiders enrich themselves before the predictable collapse. But anyone investing in a Trump enterprise shouldn’t complain when they go belly up. They should know by now that he is a scam artist who is focused solely on his welfare. And if they don’t see it, it’s because they don’t want to. That’s how cults work.

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UPDATE on Donald Trump’s Deteriorating Mental State

It’s hard to imagine that someone with the psychotic dysfunction of Donald Trump ever occupied the White House. But this is where we are as he melts down ever further in the face of serious and escalating legal peril that, so far, includes three criminal indictments on 78 felony counts.

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Donald Trump, Insane, Straight Jacket

On Thursday Trump posted the following comments on his floundering Twitter ripoff, Truth Social, all within about twelve hours. These remarks hardly need any elaboration. They tell the story of a severely damaged person who is suffering from paranoia, delusions of grandeur, and malignant narcissism.

1: “What Crooked Joe Biden, who can’t string two sentences together, has done to our once great Country […] OUR COUNTRY IS BEING DESTROYED BY A MAN WITH THE MIND, IDEAS, AND I.Q. OF A FIRST GRADER.”

2:”I think that Crooked Joe Biden is not only dumb and incompetent, I believe he has gone MAD, a stark raving Lunatic […] HE IS A MENTAL CATASTROPHE THAT IS LEADING OUR COUNTRY TO HELL!”

3: “Deranged Jack Smith has just asked for a trial on the Biden Indictment to take place on January 2nd., […] Only an out of touch lunatic would ask for such a date.”

And as a bonus, Trump re-posted a comment from ultra-MAGA blogger and Trump messiah disciple, Wayne Allyn Root, that said simply “Donald Trump is ‘the Chosen One.'” And this is the guy that most Republicans want to return to the White House and have the nuclear codes?

These are cries for help from a diseased mind that is fixated on his fears and projecting mental maladies onto his foes. Trump will not recover from this sickness without help from his family, friends, and professional psychiatric therapy. Which he is unlikely to get since his family and friends couldn’t care less, and/or are dependent on his madness for their own welfare. Meanwhile, America, and the world, suffers. At least until Trump is convicted, sentenced, and defeated in the next election.

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Ted Lieu Reads Federal Judge’s Confirmation that Trump is a Rapist Into Congressional Record

The legal and ethical failures of Donald Trump are historically unprecedented. He has been found to have stolen classified documents and hoarded them at his Mar-a-Lago hotel/home. He has defrauded his own supporters with fake universities and charities. He lied more than 40,000 times during his one-term occupying the White House.

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Donald Trump, Woman, Fear

However, Trump’s personally atrocious behavior stands out among his multitude of atrocities. From the day that he told Access Hollywood that he could get away with grabbing women by their genitals, Trump has only exacerbated his reputation as a sleazeball. A jury recently found him liable for sexually abusing and defaming writer E. Jean Carrol. And the next day he appeared on a CNN town hall to defame her again.

RELATED: How Horrible Was CNN’s Lie-Riddled Trump Town Hall? Let’s See What CNN Has to Say About It

Following Trump’s loss to Carroll, Trump filed a motion for a new trial trial. That was an especially stupid notion, even for Trump. Why would he want to litigate all over again a case that was rife with evidence of his guilt? Well, now a federal judge has rejected Trump’s motion. But he went even further to affirm what the jury did note that by definition, Trump is indeed a rapist.

To make matters worse for Trump, Rep. Ted Lieu got the court’s ruling and read the parts that related to Trump’s assault of Carroll into the Congressional Record. It’s a disturbing account of Trump’s grotesquery, but a necessary thing for Americans to know. Rep. Lieu said that…

“On July 19, 2023, federal Judge Lewis Kaplan rejected Donald Trump’s request for a new trial and confirmed that Donald Trump raped E. Jean Carroll. I’m going to submit this Court ruling into the Congressional Record, and now I’m going to read you what the judge found.

“On page 43 the judge ‘wrote Miss Carroll testified that the sexual assault, the rape, of which she accused Mr Trump involved especially painful forced digital penetration.’ The judge further writes ‘The testimony of the outcry witnesses, Miss Bernbach and Miss Martin, corroborated the essence of Miss Carroll’s account of a violent traumatic sexual assault.’

“On page 44 the judge wrote ‘The jury’s finding of sexual abuse, therefore, necessarily implies that it found that Mr Trump forcibly penetrated her vagina.’ The judge further writes ‘In other words that he raped her.'”

There is nothing more to add to that. Trump has been appropriately defined for posterity. He still needs to be appropriately punished. Carroll won a $5 million judgment from Trump, and she has appealed to increase that amount following Trump’s continued offenses. For good measure, Trump is also awaiting trial on his 70+ felony counts stemming from his two indictments. And the third indictment is said to be imminent. Which is all the more ironic considering that Trump once insisted that presidential candidates under felony indictment have “no right to be running.”

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