Former President Donald Trump’s company Trump Media has been under fire recently due to the controversial Truth Social app for smartphone devices. Now a whistleblower is exposing even more.
The Washington Post reported on Saturday that a fired executive from Trump’s media company spoke with the newspaper. The identity of the whistleblower, Will Wilkerson, was a senior vice president of operations at Trump Media and Technology, which owns the social network Truth Social, and was one of the company’s first employees.
In August, Wilkerson filed the SEC whistleblower complaint, saying that the company relied on “fraudulent misrepresentation, in violation of federal securities laws,” in its bid to be taken public via an investment vehicle known as a special purpose acquisition company, or SPAC. Wilkerson also described tension within Trump Media, including with CEO Devin Nunes, who, as a Republican congressman during the Trump Administration, was one of Trump’s most loyal defenders. He also said another executive detailed how Trump pressured him to give shares in the company to his wife, Melania Trump.
Digital World Acquisition Corp., the SPAC seeking to take the media company public, didn’t immediately respond to a request for comment. CNBC also reached out to Wilkerson’s attorneys for comment. A spokeswoman for Trump Media pushed back on the Post’s story and touted Truth Media’s availability on the Apple App Store, the Google Play Store and Samsung’s Galaxy Store.
“As Chairman of TMTG, President Trump hired Devin Nunes as CEO to create a culture of compliance and build a world-class team to lead Truth Social,” the spokeswoman said a statement emailed to CNBC.
According to Trump Media, Wilkerson was fired for making “unauthorized disclosures” to the Post, the newspaper said. One of his lawyers called the firing a retaliation against a whistleblower, according to the report. There are laws that protect whistleblowers.
The Trump Media-DWAC deal is also being investigated by regulators at the SEC and prosecutors in the Justice Department. Trump Media has also blamed the SEC for delaying the deal.
We’ll see what happens with the investigations and scandals of Trump Media. Wouldn’t be surprised if more bad information comes out!
What do you think of all this drama from Trump Media? Sound off in the comments!