Of Course Trump’s SPAC Deal May Have Broken Securities Laws

“Financial markets are based on trust” Mike Stegemöller, a Baylor University finance professor studying SPACs told the Times. “If these disclosures are not true, no one wants to enter markets that are not fair.”

Trump Media & Technology Group attorneys did not respond to the Times’ requests for comment. A Trump spokesman referred questions to the company, whose representatives, including Moss and Litinsky, failed to respond to requests for comment.

Trump, of course, has a long history as a deeply seedy businessman whose years of disadvantages may soon overtake him. According to a 2018 Pulitzer Prize-winning New York Times study, the Queens-born real estate developer “participated in dubious tax programs, including overt fraud cases,” in the 1990s. In 2016, he paid a whopping $ 25 million to settle lawsuits against Trump University, a gigantic sum for someone who claimed the entire company was legitimate. In 2019, he paid $ 2 million for scamming charities through his Trump Foundation, which was closed because of a “pattern of illegality.” And of course, his company, the Trump Organization, was charged in July with a plethora of crimes, including conspiracy, tax fraud, and forgery in several cases of which it, of course, has pleaded not guilty. So yeah, the idea that Trump was going to display behavior that wasn’t quite on the rise is completely in line with what we know about the guy!

Joe Manchin should just be a Republican by now, part 838,572,417

The West Virginia senator, allegedly a Democrat, has again refused to simply participate Joe Biden‘s Build Back Better law, the most recent iteration of which was specially reduced and neutered to win its vote. According to the New York Times:

Manchin … hopes for quick votes this week on President Biden’s domestic agenda are all but dashed, and he said Monday that he would not endorse a $ 1.85 trillion social and climate package without it Have sufficient time to consider its economic and fiscal implications. During an appearance at the Capitol, Mr. Manchin, a pivotal Democratic swing vote, condemned the Liberals in the House of Representatives for refusing to vote on a separate bipartisan $ 1 trillion infrastructure plan without a final agreement on the domestic policy plan and said their tactics would not pressure him to swallow his grave reservations about the safety net measures.

https://www.vanityfair.com/news/2021/11/donald-trump-truth-social-spac-securities-laws