Did Trump, Trump Jr., and their Media Company Launder Russian Money?

Yet another of Donald Trump’s businesses is under federal scrutiny. Several analysts claim that $8 million obtained by Trump Media & Technology Group (TMTG) was received from a Russian billionaire and laundered via a Caribbean bank.

Wall Street Rebel has recommended shorting Digital World Acquisition Corp. (NasdaqGM DWAC) twice and taken profits of as much as $35,000 last year in the company. While our paid investment newsletters…

•  WorldOpportunityInvestor.com has taken profits of $86,580 before brokerage commissions and fees. And still remains short 4000 more shares at an average cost of approximately $20.50, with DWAC now less than $12.75 a share—an unrealized gain of $31,000.
• StrategicInvestment.com has taken profits of $56,675 before brokerage commissions and fees—an unrealized gain of $30,840. And still remains short 4000 more shares at an average cost of approximately $20.46, with DWAC now less than $12.75 a share.

The proposed merger between Donald Trump’s media company TMTG and the SPAC had been held up by the needed approval vote by shareholders and by a criminal and civil investigation by the Securities and Exchange Commission (SEC) into how and when the merger was agreed to. Shareholders voted for the approval and, at the same time, agreed to an extension for the merger’s completion till September for the deal to be completed was passed. However, the SEC criminal and civil investigations have not been closed.

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Before the latest investigation into the source of the $8 million funding for TMTG, getting approval for the merger between DWAC and TMTG had already become significantly more difficult due to criminal investigations into the former, defeated, twice impeached criminal and civil investigations in Michigan, New York, Georgia, and Washington D.C.

According to the U.K.’s Guardian Newspaper, the $8 million came from Paxum Bank, which is registered in Dominica, and E.S. Family Trust, and the Guardian reports Paxum Bank is partly owned by Anton Postolnikov, an apparent relation of Aleksandr Smirnov, an ally of Russian President Vladimir Putin who worked for Putin’s government until 2017 and now runs the Russian-controlled maritime company Rosmorport.

The U.K.’s Guardian also reports…

U.S. Federal Investigators were reportedly tipped off about the payments in October 2022 by whistleblower Will Wilkerson, a former executive at Trump Media, who told the Guardian the payments initially “caused alarm” at Trump Media and executives considered returning the money but decided not to, in part because they couldn’t afford to lose it.’

“Trump’s son Donald Trump, Jr., was reportedly aware of at least the first payment coming through, the Guardian reported, quoting an email sent to him about it to “keep [him] in the loop,” but the outlet noted it’s unclear if Trump—Trump Media’s chair—was aware of the payments and their origins, saying he “did not seem to be particularly interested in managing the day-to-day running” of the company.

It should be noted that DWAC’s listing on the NASDAQ is in danger and that the firm “intends” to appeal a delisting notice it recently received for none payment and non-filing (s).

Trump Media and the Justice Department have yet to respond to requests for comment from dozens of news media.

What does this mean for Digital World Acquisition Corp. (NasdaqGM DWAC)?

We at WallStreetRebel.com believe the SEC will deny the merger, which should return $10 a share to each shareholder. Still, we can’t think that DWAC and TMTG will not incur tens of millions of dollars in legal costs due to what we anticipate as many as a dozen class action lawsuits.

If we are right about the DWAC merger with TMTG being rejected by the SEC, trading will be suspended in DWAC, and the price of the SPAC will collapse when trading is resumed. Both firms, TMTG and DWAC, in our opinion, will be forced into bankruptcy.

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                       Trump’s Media Company Reportedly Under Federal Investigation For Money Laundering Linked To Russia