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Feds ‘are investigating’ who is funding Trump’s new media company

the feds are investigating who is funding Trump’s new media company, according to a report by the  NY Times.

New York Times business investigations correspondent David Enrich has reported that the Feds are ‘investigating’ the financing behind Trump’s new media company.

“Securities regulators have opened investigations into the planned merger of a nascent social media company backed by former President Donald J. Trump with a so-called blank-check company that raised nearly $300 million in an initial public offering in September,” he reported. “The investigations by the Securities and Exchange Commission and the Financial Industry Regulatory Authority were disclosed Monday in a regulatory filing by Digital World Acquisition Corporation, the special purpose acquisition company that intends to merge with Trump Media Technology Group.”

the AP reported on Sunday that “Donald Trump’s new social media company and its special purpose acquisition company partner say the partner has agreements for $1 billion in capital from institutional investors.”

“The institutional investors were not identified in a press release issued Saturday by Trump Media and Digital World,” the AP noted. “The money would come from “a diverse group” of investors after the two companies are combined, it said.”

the feds are now investigating That financing deal.

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