Trump's Truth Social Slashes Staff Amid Expanded Federal Investigation, Reports Say
Federal investigators are adding potential money laundering to the suspicious activities under examination in an ongoing probe of Trump Media & Technology Group.
Things haven’t been going well for Donald Trump’s Truth Social platform, or its parent media company, Trump Media & Technology Group (TMTG), for a while now. Yet still, circumstances seem to be worsening for the former president’s online venture.
The numerous probes into Trump’s company seemingly aren’t resolving any time soon, with at least one broadening to include new potential wrongdoings, per a Wednesday report from the Guardian. And, amid the drawn out process of trying to merge TMTG with a “blank check” company despite those multiple investigations, the financial strain on Trump Media is starting to show in new ways. TMTG has enacted small scale layoffs, according to a Tuesday report from Bloomberg.
New York federal prosecutors have reportedly expanded their investigation into Trump Media to include an examination of whether or not the company violated money laundering laws. Previously, the criminal probe was focused solely on the fraught, ongoing merger attempt between TMTG and shady shell corporation, Digital World Acquisition Corp. Now though, the feds are potentially looking into two payments amounting to $8 million, which were wired to TMTG via the Caribbean that may have originated from a “relation of an ally of Russian president Vladimir Putin,” according to the Guardian and attributed to multiple unnamed sources.
https://www.yahoo.com/news/trumps-truth-social-slashes-staff-150100051.html
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