Ivanka Trump Takes Witness Stand: Trump's Daughter Says She Wasn't 'Privy' To Financial Statements, New York AG Begs To Differ
Portfolio Pulse from Chris Katje
Ivanka Trump testified in the ongoing civil fraud trial against Donald Trump and the Trump Organization, stating she was not involved in the preparation of financial statements. New York Attorney General Letitia James alleges Ivanka was involved and benefited from the alleged scheme. The state is seeking $250 million in penalties and a ban on Donald Trump conducting business in New York. Digital World Acquisition Corp (NASDAQ:DWAC), set to take Trump Media & Technology Group public, saw its shares rise 1% amidst the trial.
November 08, 2023 | 5:32 pm
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Digital World Acquisition Corp (NASDAQ:DWAC) shares rose 1% amidst the ongoing civil fraud trial against the Trump Organization. The SPAC is set to take Trump Media & Technology Group public.
The ongoing legal proceedings against the Trump Organization could potentially impact the public perception and investor confidence in related entities, such as DWAC, which is set to take Trump Media & Technology Group public. The 1% rise in DWAC shares amidst the trial indicates that the market is currently reacting positively to these developments.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50