Donald Trump removed himself from the board of his Sarasota-based social media company, records show, just weeks before the company was issued federal subpoenas by both the Securities and Exchange Commission and a grand jury in Manhattan.
The SEC served Trump Media and Technology Group with a subpoena on June 27, according to a regulatory filing. Trump’s media company owns Truth Social, an app similar to Twitter. Trump was banned by Twitter for inflammatory remarks concerning the insurrection.
The investigations appear to be related to a proposed merger between Trump’s media company and a blank-check company called Digital World Acquisitions Corp., according to a recent regulatory filing.
A visit to the office by the Herald-Tribune on June 27 revealed Trump’s company name was not on the registry in the main lobby, nor was there any reference to the name at the office suite itself. There was no receptionist either, just a note to ring the doorbell for assistance.heraldtribune Trump leaves social media company during a federal investigation