SEC Files Lawsuit Against Patrick Orlando, Former CEO of Trump Media SPAC
Thursday, 18 July 2024, 13:47
SEC Files Lawsuit Against Patrick Orlando
The Securities and Exchange Commission (SEC) has filed a lawsuit against Patrick Orlando, the former CEO of the Trump Media SPAC, alleging fraud.
Merger of Trump Media and Digital World
- Trump Media and Digital World merged in March.
Trading on Nasdaq
- The merger allowed the company to trade on the Nasdaq under the stock ticker DJT.
The lawsuit highlights the alleged fraudulent activities and practices by Orlando during his tenure as the CEO of the SPAC.
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