Donald Trump’s media and technology company has been hit with subpoenas from a grand jury in New York, as well as from the Securities and Exchange Commission. This is a major development in the ongoing investigation, and it firmly tells us that inappropriate actions from Trump’s side could be a real possibility. Farron Cousins explains what these new subpoenas tell us about the investigation.
Link – https://apnews.com/article/technology-new-york-social-media-donald-trump-4f78f52790379711c21cba0e3e653e3f
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*This transcript was auto-generated. Please excuse any typos.
Donald Trump’s, uh, media company, his, you know, Trump, uh, uh, to media technology group, I think is what it’s called, has been hit with subpoenas from two groups. First, they got subpoenas from that group up in New York, that’s investigating digital world acquisition, and then they were hit with the requests for information from these securities and exchange commission, all of course, related to the digital world acquisition, uh, merger that still has not yet taken place because of the ongoing investigations. So before I tell you about these new subpoenas, let’s back it up about a week cuz a week ago it was revealed that digital world acquisition had, of course been hit with subpoenas. We talked about that at the time it happened and at the time based on what we knew, it wasn’t exactly clear whether or not, you know, Donald Trump’s group was involved with the investigation because even though it was likely directed at the, uh, you know, Trump media technology merger, there were also some other issues taking place with digital world involving one of their executives that was also tied to one of the banks that was doing the funding.
So that was an area where that could have been the target of the whole investigation, because you’ve got some, you know, potential improprieties there. They wouldn’t have issued these new subpoenas to Trump media and technology group, if that’s what they were going after. Or if that were the only thing they were going after these new subpoenas, make it very clear that they believe there is some information that the Trump team has that could be relevant to the investigation into whether or not people at digital world acquisition were having improper contacts and communications with members of Trump media and technology group prior to digital world going public, which of course would be illegal as this special acquisition company, the spec, whatever, you know, those initial stand for digital world was not allowed to reveal the target or even really discuss the target of their acquisition till after they had raised the money.
But these investigators both at the S E C and with this grand jury in New York, believed that there were communications between Trump media and technology and digital world acquisition prior to the money being raised. Again, that is illegal. Now that the subpoenas have hit Donald Trump’s group, it seems likely that they have enough information available to suggest that those communications did in fact take place. Now, some of the people that have been hit with these subpoenas or some of the subpoenas that have been issued are directly targeted towards individuals at Trump’s group, he himself, however, has not been hit with a subpoena as of right now. So there’s that right now,
Donald Trump, I don’t wanna say untouchable or not involved, but they have not yet come after him directly if they do. Then I think at that point, the writing is on the wall. He absolutely was involved in whatever scheme they think may have happened either way. Here’s the thing. This is what’s been driving me crazy about this, not driving me crazy. I think it’s hilarious, but everything Donald Trump touches turns to crap. This should have been a pretty easy like cut and dry issue for digital world acquisition. Donald Trump’s coming up with these, these new things. We can raise, you know, a billion or more dollars. We can buy it. It’s got Trump’s name on it. It’s probably gonna be successful. Yeah. If you know nothing about his business history, then sure. I’m. I can imagine why you would think that, but everything this man is involved in just absolutely turns to garbage Trump university, Trump stakes, Trump airlines, Trump, bottled water, Trump, Taj Maha.
All of these Trump projects have gone belly up. Some of them even resulting in massive lawsuits and investigations against Donald Trump himself. So why in the world would digital world acquisition think this one was gonna be any different because these investigations of course have put the deal on hold. But now that these subpoenas are flying left and right, it’s likely that the entire deal will be killed, which of cou