Federal investigators examined Trump Media for possible money laundering, sources say

Russia, Russia, Russia........

Man, that Trump fellow sure likes him some Russian money.

Apparently, some mysterious Russian money was wired to Trump Media, and that is delaying the regulatory approval involved the merger of Trump Media and DWAC.

Seems so odd that Trump so often seems involved in money schemes with Russian entities.

https://www.theguardian.com/us-news/2023/mar/15/trump-media-investigated-possible-money-laundering

Federal prosecutors in New York involved in the criminal investigation into Donald Trump’s social media company last year started examining whether it violated money laundering statutes in connection with the acceptance of $8m with suspected Russian ties, according to sources familiar with the matter.

The company – Trump Media, which owns Trump’s Truth Social platform – initially came under criminal investigation over its preparations for a potential merger with a blank check company called Digital World (DWAC) that was also the subject of an earlier investigation by the Securities and Exchange Commission.


Towards the end of last year, federal prosecutors started examining two loans totaling $8m wired to Trump Media, through the Caribbean, from two obscure entities that both appear to be controlled in part by the relation of an ally of Russian president Vladimir Putin, the sources said.

The expanded nature of the criminal investigation, which has not been previously reported, threatens to delay the completion of the merger between Trump Media and DWAC, which would provide the company and Truth Social with up to $1.3bn in capital, in addition to a stock market listing.

Even if Trump Media and its officers face no criminal exposure for the transactions, the optics of borrowing money from potentially unsavory sources through opaque conduits could cloud Trump’s image as he seeks to recapture the White House in 2024.

The extent of the exposure for Trump Media and its officers for money laundering remains unclear. The statutes broadly require prosecutors to show that defendants knew the money was the proceeds of some form of unlawful activity and the transaction was designed to conceal its source.

But money laundering prosecutions are typically based on circumstantial evidence and can be based on materials that show that the money in question was unlikely to have legitimate origins, legal experts said.

 

Of course....this is no surprise.

 

WHAT?!?!?!?! NO!!!!!!!
Trump and unscrupulous business practices? It's so hard to believe!

Honestly, with a world market and each country and entity doing their own thing and not having much regulatory oversight on a global level, I can see that Truth Social or other companies don't know where money really come from. They do need more diligence on their own, though. Trump isn't exactly the paragon of transparency.
This is an example of why, at some point in the future, we need to have more global oversight.
Eventually the world will have a world government. It's going to be necessary.

 

Musta been a bust, since this has been going on for a year and we're just now hearing about it...lol