Date: 2024-09-27 Page is: DBtxt003.php txt00021349
The Trump Saga
Ongoing investigations
Feds launch multiple investigations into Trump 'media' company: NYT
Donald Trump Jr. and Donald Trump (Shutterstock)
Original article: https://www.alternet.org/2021/12/trump-media-company/
Burgess COMMENTARY
The Trump Saga continues ... but it seems now that meaningful accountability has gone into slow motion. I have always thought that 'justice delayed is justice denied' and this seems to be what goes on most of the time in the modern American judicial system. But I worry that there is something more fundamentally wrong with the system, and that is that it has been quietly gamed into a situation where the law simply cannot work except for those with wealth, power and influence ... that there is almost always a legal loophole in the system when the wealthy pay for a legal expert to take their case. As a child I was taught by my parents that there was 'right' and 'wrong' and it was always clear to me that I needed to do the 'right' thing. In modern legal systems the concept of 'legal' and 'illegal' does not have the same clarity as 'right' and 'wrong' which is a problem.
Peter Burgess
David Badash and The New Civil Rights Movement
December 06, 2021
The Securities and Exchange Commission and another U.S. government entity are conducting investigations into Donald Trump’s new “media” company, including a planned merger “with a so-called blank-check company that raised nearly $300 million in an initial public offering in September,” The New York Times reports.
The S.E.C. and the Financial Industry Regulatory Authority “are looking for information regarding the trading in shares of Digital World. The S.E.C. is also looking into ‘documents and communications’ between Digital World and Trump Media.”
According to the Times, “Digital World said it was cooperating with the requests for information and ‘the investigation does not mean that the S.E.C. has concluded that anyone violated the law or that the S.E.C. has a negative opinion of D.W.A.C. or any person, event, or security.'”
Noted attorney George Conway weighed in, noting that DOJ has the ability to criminally prosecute violations of federal securities law:
The New York Times’ Maggie Haberman called it “The inevitable.”
And The Times’ David Enrich calls it a “high-stakes development for Trump.”
George Conway @gtconway3d It's worth noting that any 'willful' violation of the Securities Act of 1933 or the Securities Exchange Act of 1934 can be prosecuted criminally by the Justice Department.
Breaking: The SEC and other regulators are investigating the financing for Trump's new media company. More to come @nytimes https://sec.gov/Archives/edgar/data/1849635/000119312521348598/d242442d425.htm Show this thread 11:25 AM · Dec 6, 2021·Twitter for iPhone 275 Retweets 14 Quote Tweets 1,125 Likes FROM YOUR SITE ARTICLES
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