{"id":55095,"date":"2022-10-16T10:10:54","date_gmt":"2022-10-16T17:10:54","guid":{"rendered":"https:\/\/www.newscorpse.com\/ncWP\/?p=55095"},"modified":"2022-10-16T11:11:00","modified_gmt":"2022-10-16T18:11:00","slug":"trump-threatened-to-blow-up-the-company-if-truth-social-execs-didnt-give-their-shares-to-melania","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=55095","title":{"rendered":"Trump Threatened to ‘Blow Up the Company’ if Truth Social Execs Didn’t Give Their Shares to Melania"},"content":{"rendered":"

Two days after the January 6th insurrection that Donald Trump incited, Twitter permanently suspended<\/a><\/strong> his account “due to the risk of further incitement of violence.”<\/em> That eventually led to the creation of the Trump-branded Twitter clone, Truth Social, where he could mouth off interminably and unconstrained by facts or decency.<\/p>\n

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Ever since, Truth Social has proven to be another pitiful failure in the Trump stable of ego-driven business ventures. That, however, didn’t stop him and his minions from pretending that it was not only a success, but an Earth shattering advance in the evolution of the human race. In reality, it was a fiasco on every level. It lost money, failed to attract users, betrayed its promise of free speech, stiffed its vendors, and is mired in multiple legal quagmires.<\/p>\n

RELATED: Devin Nunes Exalts the Failing Truth Social as \u2018The Most Important Creation in Trump\u2019s Career\u2019<\/a><\/strong><\/p>\n

Adding to the unfolding apocalypse of Trump’s social media scam and its parent company, Trump Media and Technology Group (TMTG), is a new report revealing the expanding scope of Trump’s greed and corruption. One of TMTG’s executives, Will Wilkerson, has emerged as a whistleblower with allegations that he and other company principals were pressured by Trump to “give up some of his shares to Trump\u2019s wife, Melania?”<\/em> According to the Washington Post<\/a><\/strong>…<\/p>\n

“Trump Media, the owner of the fledgling social network Truth Social, had just been boosted by a huge merger agreement and a flood of investment that had made the stake worth millions of dollars. Trump had already been given 90 percent of the company\u2019s shares in exchange for the use of his name and some minor involvement, leaving everyone else to split the rest.<\/p>\n

“[Company co-founder Andy] Litinsky tried to brush it off, telling Trump ‘the gift would have meant a huge tax bill he couldn\u2019t pay,’ Wilkerson said in an interview. ‘Trump didn\u2019t care. He said, ‘Do whatever you need to do.'”<\/p><\/blockquote>\n

The Post goes on to report that “Five months later, Litinsky, who first met Trump in 2004 as a contestant on the TV show \u201cThe Apprentice,\u201d was abruptly removed from the company\u2019s board.”<\/em> Furthermore, Trump embellished his pressure campaign in an email wherein he threatened to “‘blow up the company’ if his demands are not met.”<\/em> Now Wilkerson has filed a whistleblower complaint with the SEC “alleging that “the company\u2019s bid to raise money … relied on ‘fraudulent misrepresentations \u2026 in violation of federal securities laws.'”<\/em><\/p>\n

The Post’s article details at length the soap opera melodrama that went on at TMTG for months. That includes episodes where company founders were terminated and replaced by Don Trump Jr, and associates of Trump’s hand-picked CEO, former GOP congressman and ultra-right-wing Trump-fluffer, Devin Nunes, who had no experience whatsoever in the technology field.<\/p>\n

With the company reportedly in violation of SEC regulations and other laws, and investors backing out, its offices were moved from a prestigious commercial building to a mail box at a UPS store. Shares of the shell company that was formed to take TMTG public, Digital World Acquisition Corp (DWAC) have crashed from a high of $175.00 to less than $18.00.<\/p>\n

This is a story that would make a compelling fictional drama. But it’s facts are meticulously researched and well documented. It is also easy to believe considering the history of Trump’s unscrupulous business practices.<\/p>\n

Like virtually everything else in Trump World, Truth Social and TMTG appear to be geared toward fattening Trump’s wallet through shady machinations. And like virtually everything else in Trump World, it’s failing miserably, and taking down everyone connected to it. But it’s hard to feel sorry for people who so willingly signed on to a sham operation by a known fraudster like Trump.<\/p>\n