Trump’s social media company went public relying partly on loans from trust managed by person of interest to prosecutors

Donald Trump’s social media company Trump Media managed to go public last week only after it had been kept afloat in 2022 by emergency loans provided in part by a Russian-American businessman under scrutiny in a federal insider-trading and money-laundering investigation.

The former US president stands to gain billions of dollars – his stake is currently valued at about $4bn – from the merger between Trump Media and Technology Group and the blank-check company Digital World Acquisition Corporation, which took the parent company of Truth Social public.

Through leaked documents, the Guardian has learned that ES Family Trust operated like a shell company for a Russian-American businessman named Anton Postolnikov, who co-owns Paxum Bank and has been a subject of a years-long joint federal criminal investigation by the FBI and the Department of Homeland Security (DHS) into the Trump Media merger.

  • Ranvier
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    9 months ago

    I agree with you and am frustrated too, just trying to point out where in the legal system all of this keeps falling apart. I have seen people state that Biden appointing Garland was the main problem, but Trump has two state civil cases, two state criminal cases, and two federal criminal cases ongoing against him right now. Prosecutors like in the doj launching cases against him isn’t really the problem here, they’ve done that plenty, but there are tons of other problems and weaknesses in the legal system he’s weaseling through. Mostly judges and especially the supreme court. Having four years in office to appoint his own judges and having one of the major political parties in the country providing constant cover has done a lot to help him in this regard too. In the end though, if people keep electing Trump and other Republicans the legal system won’t be able to stop them no matter how flagrantly criminal they act, they’ll use the power handed to them and keep warping the legal system around them.

    • Optional@lemmy.world
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      9 months ago

      I hear you, but I also disagree. Arresting him and keeping him locked up is SO within their rights. Siezing Every Single Thing is also within their rights. Presidential Immunity is #1 a lie; #2 a dishonest interpretation, #3 needs to be shot down utterly if that’s what it takes and #4 WAS NEVER A DEFENSE for what we’re talking about.

      Remember - the “Justice system” does it to us, every day, all day. For so, so much less.

      Yet they don’t act. Sure, they don’t want the crazy MAGAts to get in their little flag trucks and drive around and yell, I understand. And they may face something simliar - as they are already doing with the 'Biden Impeachment" sad clown circus - when the traitorous shitheads get back in power, I get that too.

      But we’re talking about the most egregious and incompetent criminal politician in the history of this country, one who has outed spies (on purpose?) who has spilled any number of national security secrets, and who is already charged with selling them to other countries. Oh and who is so ludicrously incompetent that any one of his villanous sycophantic toadies would be ten times more effective in office without the destroying-democracy thing he does. God forbid another global pandemic happens on his watch.

      It calls out and questions every single three-letter agency who are supposedly sworn to uphold the Constitution and prevent what is happening from happening. What in the sweet fuck are they doing all goddamned day? Monitoring vegetarian communities?

      We have gone to war for much, much less. Trillions spent and thousands of soldiers for oil and ??? in Iraq. The DoJ is the instrument that the government has formed for this situation. It has been utterly ineffective. (for yes, reasons) And yet we should be nowhere near where we are now. To put us in such jeopardy is either idiocy or insanity. Trump’s ties to Russia are not only well documented and well known, they’re ALREADY SHOWN TO BE CHARGABLE OFFENSES in one of the longest most scrupulous investigations into a sitting president ever. So Do It Already.

      • Ranvier
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        9 months ago

        I hear you, and I’m very frustrated with the justice system too. But you’re constantly conflating the “justice system” and “the justice department” which are totally different things. Prosecutors don’t decide who gets bail or not, judges do. Prosecutors do not seize things, judges make rulings allowing prosecutors to do so. Neither prosecutors nor judges write these laws, congress does. Are you advocating for some totally lawless system where prosecutors can go around acting as their own judges doing whatever they want? If prosecutors acted like how you’re advocating here, every little thing they did would get reversed and Trump would get off totally free due to all the prosecutorial malfeasance.

        Most of your anger would be better directed at lawmakers, judges, and the people who appointed terrible judges, than the prosecutors, at least when it comes to Trump’s current ongoing cases (not Barr burying the Mueller report as much as he could to provide political cover for Trump obviously)