Mary Trump Says Uncle Donald 'Willing To Do Business With Anyone' After Reports Emerge Trump Media Was Bailed Out By Russian-American Businessman Under Federal Probe
Portfolio Pulse from Benzinga Neuro
Trump Media & Technology Group Corp (NASDAQ:DJT), backed by former US President Donald Trump, received emergency loans in 2022 from a trust linked to Russian-American businessman Anton Postolnikov, who is under federal investigation. These loans were crucial for Trump Media's public debut and its merger with Digital World Acquisition Corporation. The company's stock recently fell after disclosing significant losses and being linked to a $22 million insider trading scheme.

April 04, 2024 | 3:36 am
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Trump Media & Technology Group Corp received emergency loans from a trust linked to Anton Postolnikov, under investigation, crucial for its public debut and merger. The company's stock fell after disclosing losses and being linked to insider trading.
The involvement of a trust linked to an individual under federal investigation for insider trading and money laundering in providing emergency loans to Trump Media & Technology Group Corp could raise concerns among investors about the company's financial stability and governance. This, combined with the recent disclosure of significant losses and a link to a $22 million insider trading scheme, could lead to negative sentiment among investors, potentially impacting the stock price negatively in the short term.
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