A co-founder of Truth Social’s parent company has been fired from the company’s board of directors after he ignored Donald Trump’s demands to offer some of his stock to Melania Trump, a whistleblower said. Washington Post.
Trump lobbied for a donation to his wife even though he had already taken 90% of the stock in Trump Media and Technology Group (TMTG) in exchange for the use of his name and some other “minor involvement,” the company’s former CEO Will Wilkerson told the newspaper.
The company’s co-founder reportedly evaded the request, telling Trump he would be leaving him with a tax bill he couldn’t pay. “Do what you want to doTrump responded, according to Wilkerson.
The newspaper reported Saturday that he was forced out of the board of directors after five months in what Wilkerson believes is retaliation for his failure to hand over a “small fortune” to Melania Trump.
The incident was one of a series of bomb revelations backed by several documents seen by the newspaper about bitter infighting in Trump’s business, technical errors, questionable financial representations, and what Wilkerson insisted was a violation of securities and exchange rules, according to the newspaper.
Wilkerson File a whistleblower complaint to the Securities and Exchange Commission in August regarding the company. Wilkerson’s lawyer told the newspaper that he is also cooperating with the current Investigations In Trump Media by the Securities and Exchange Commission and federal prosecutors from the Southern District of New York.
Wilkerson was fired from his job on Thursday As Senior Vice President of Operations at TMTG After speaking to The Post.
Trump Media said in a statement in response to several specific questions from the Washington Post regarding Wilkerson’s information that Trump as president of the company appointed former California Republican Congressman Devin Nunes as CEO “to create a culture of compliance and build a global team to lead Truth Social.”
The statement complained that the newspaper “sent us an investigation filled with false and intentionally defamatory statements and other artificial psychological drama.”
It did not specifically address any of the Washington Post’s questions, according to the newspaper.
The new information comes on the heels of a long list of bad news for Trump’s Truth Social Project and the media.
Digital World Acquisition Corp – the special purpose acquisition company (SPAC) that Truth Social needs to bring to the public – was revealed in Securities and Exchange Commission filing Last month, investors already pulled back on commitments of $139 million from the $1 billion the company had previously announced.
More will likely come. Investors, who agreed to put up the funds nearly a year ago, can now give up their commitments because Digital World did not meet its September 20 deadline To merge with Trump Media. This deadline has been extended three months After shareholders refused to accept their offer for a 12-month extension. But investors can still withdraw.
A major web hosting operator in August complained about it social truth They owe about $1.6 million in contractually obligated payments, a claim indicating that funding for the operation is in “A big mess” Fox Business News mentioned.
In another setback, Truth Social’s Trademark application denied In August because its name was very similar to other operations.
Trump insisted last month that he was not interested in any financial problems from the Truth Social because, as he explained, “I’m really richon the social media platform. “I don’t need financing.”
But in the next sentence he asked: “Private company, anyone???” What seemed to be an invitation to investors.
Check out the entire Washington Post story here.
This article originally appeared HuffPost It has been updated.
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