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 didn’t claim the additional material released didn’t still have any redactions, read my comment before replying. And that was just one of many additional disclosures made, some were even forced by lawsuits. There’s many reasons why something may be redacted. I seriously doubt anything still redacted is being done to help Trump, I think that would be a pretty nonsensical conspiracy out of a department pursuing multiple criminal cases against Trump. What on earth would be the reasoning or motive? If they thought there was another case in there they could win, well they have the unredacted report, employees of the justice department wrote it after all, they could add in a third criminal case to the other two they’re pursuing. Some of the redactions relate to testimony presented to grand juries, which are secret (since there’s no defense present in a grand jury, a public proceeding could be used by prosecutors to unfairly slander people, etc) which suggests at least some of the evidence was presented to grand juries who chose not to indict over it.

    The initial report released under the Trump admin controlled justice department? Yeah that had a lot of redactions for Trump’s benefit, made by Barr himself. Not to mention the heavily slanted “summary” released by Barr. If you want to dig into the reasoning for the redactions still remaining, well get reading the freedom of information act lawsuits that already concluded over this, but none are “to help Trump.”

    https://epic.org/wp-content/uploads/2022/02/EPIC-v-DOJ-19-810-opinion-093020.pdf

    And launching multiple criminal cases against the guy seems an odd way of helping him, I just don’t follow you.