Trump’s Social Media Deal Said to Have Leaked Months In Advance: Report,Information about a pending merger deal between Donald Trump’s social media company and a blank-check entity were leaked to employees at an investment firm long before it was announced, according to The New York Times. The employees at the Miami-based Rocket One Capital firm had discussed ways to profit off the transaction, which had not yet been announced, according to the report.
Trump’s Social Media Deal Said to Have Leaked Months In Advance: Report
Employees at a Miami investment firm had learned of a pending merger deal between former President Donald Trump’s social media company and a blank-check entity, long before it was announced, The New York Times reported on Monday, citing three people familiar with the discussions. Officials of the firm, Rocket One Capital, at the time talked about ways to profit off the soon-to-be-announced transaction with Trump Media & Technology Group by investing in the SPAC, Digital World Acquisition Corp, the NYT reported, citing two of the people.
Federal prosecutors and regulators are now investigating the merger, including the frenzied trading in the SPAC’s warrants, the report said, citing people familiar with the investigation and public disclosures.
Trump Media & Technology Group, the creator of social media platform Truth Social, agreed to merge with Digital World on October 20 and the deal was expected to close by the second half of this year.
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