Trump is using shell companies, shady deals and a maze of loopholes to scam people out of billions of dollars -- and the share price has jumped over 350% in just 24 hours!
But the entire launch around the "Trump Media and Technology Group" stinks of insider trading, fraud and gross exaggeration. Stock market regulators need to pause trading and investigate before Trump's allowed to pull off this scam and use it to fund decades more of his toxic political stunts.
And there's no time to lose. Trading is exploding right now!
Click here to call on the Securities and Exchange Commission to investigate Trump's deal now!
Trump started this scam by convincing a publicly traded shell company to merge with his new media company. Then he made all sorts of wild claims about how the media company will make billions of dollars and filed that with regulators. Finally, he wrote his supporters and urged them to pour their life savings into his company.
His supporters, not surprisingly, jumped right in, making a share worth 10 dollars soar to 130 dollars in just days.
The worst part is that Trump could take all these people’s money and NEVER actually go through with the plan to start the media company. This kind of scam deal is exactly why regulators like the SEC exist. And if they don't step in now, Trump will get away with enough money to fund whatever toxic, divisive and even violent scheme he thinks up for years to come.
Click here to call on the Securities and Exchange Commission to investigate Trump's deal now!
This could all be over in days. And because hedge funds and institutional investors are getting rich right alongside Trump, there's a good chance regulators will never intervene unless someone makes them. That's why we exist -- to make sure that the corporate world is accountable to people, not just the richest investors. And here's our chance to show that power when it matters most.
More information
DWAC, the Trump Social-Media SPAC, Soars in GameStop-Like Frenzy
Wall Street Journal. 22 October 2021.
Wall Street Journal. 22 October 2021.
Donald Trump’s new social media SPAC, explained
The Verge. 21 October 2021.
The Verge. 21 October 2021.
Trump Takes Advantage of Wall Street Fad to Bankroll New Venture
New York Times. 21 October 2021.
New York Times. 21 October 2021.