A former ceo behind the truth social merger is getting sued for securities fraud – Breaking News & Latest Updates 2026
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Elizabeth Lopatto
A former CEO behind the Truth Social merger is getting sued for securities fraud.

Patrick Orlando, who once led Digital World Acquisition Corp, lied to the public when he said his SPAC didn’t have a target in its S-1 form. It definitely did: Trump Media, parent company of Donald Trump’s Truth Social. The SEC complaint is chock-full of his texts and emails. DWAC, incidentally, already settled a similar suit.

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