The Guardian reports:
Top executives at Donald Trump’s social media company started to become concerned last spring about $8m that they had accepted from opaque entities in two emergency loans when its auditors sought further details about the payments, according to documents, emails and sources familiar with the matter.
The payments had come at a critical time for Trump Media – which runs the Truth Social platform – because it was running out of cash after its planned merger with a blank check company known as DWAC that would have unlocked $1.3bn in capital stalled pending an SEC investigation.
The executives had good reason to be concerned: a subsequent examination revealed that the trustee of ES Family Trust was simultaneously a director of Paxum Bank, and one of the part-owners of the bank would turn out to be the relation of an ally of the Russian president, Vladimir Putin.
Read the full article. No paywall.
Exclusive: Top executives at Trump’s social media company started to become concerned last spring about $8m in murky loans they accepted — later found to have Russian ties — when auditors pressed for details about the payments, emails show. @Guardian https://t.co/Xd48ce9ETi
— Hugo Lowell (@hugolowell) March 17, 2023
“But the money was ultimately not returned, Wilkerson said…losing those funds could put the company in a precarious financial position”
SAME William Wilkerson who signed “TRUTH SOCIAL” ™️ application @uspto filed via @LegalZoom in the name of a legal entity that did not exist… https://t.co/GoFRQjJpym
— Mary Pat Flynn (@MaryPatFlynn1) March 17, 2023