Trump stands to gain billions… from the merger between TrumpMedia & Tech & the blank-check co [#SPAC] #DWAC, which took the parent company of #TruthSocial public.
…#ESFamilyTrust was established on 18 May 2021, creation papers show. Postolnikov’s “user” access to the acct was “verified” on 30 Nov 2021 by a #PaxumBank mgr in Dominica.
Last month, #federal prosecutors charged #MichaelShvartsman, a close assoc of #Postolnikov, w/ #MoneyLaundering in a #SupersedingIndictment after previously charging him & 2 others in Jul w/ #InsiderTrading#DWAC shares…
At least part of the #evidence against Shvartsman came from a CI for DHS, court filings show: in one March 2023 meeting w/the informant & an associate, Shvartsman mentioned a friend who owned a bank in Dominica & made bridge loans to #Trump Media.
@Daojoan Without detracting from the buffoon theory, there's some interesting background: his "free speech absolutism" crusade started when the SEC slapped a court order on him to stop tweeting about stock prices, because he & his friends were benefiting from prior knowledge of price changes resulting from cult members reading the tweets. #InsiderTrading
US House Members Unveil Stock Trading Ban: Bipartisan Restoring Faith in Government Act
Four members of the U.S. House of Representatives Bipartisan Restoring Faith in Government Act, which would ban federal lawmakers and their immediate relatives from owning and trading stocks.
"It's a scandal that members of Congress are still allowed to own and trade individual stocks while casting votes that move markets and transform economic sectors."