Truth Social Exec executive forced out of board after Trump’s request was ignored: Report

A co-founder of Truth Social’s parent company has been fired from the company’s board of directors after he ignored Donald Trump’s demands to offer some of his stock to Melania Trump, a whistleblower told The Washington Post.

Trump lobbied for a donation to his wife even though he had already taken 90% of the shares in Trump Media and Technology Group (TMTG) in exchange for the use of his name and some other “minor involvement,” the company’s former CEO Will Wilkerson told the newspaper.

The company’s co-founder reportedly evaded the request, telling Trump he would be leaving him with a tax bill he couldn’t pay. “Do whatever you want to do,” Wilkerson said.

The newspaper reported Saturday that he was forced out of the board of directors after five months in what Wilkerson believes is revenge for failing to hand over a “small fortune” to Melania Trump.

The incident was one of a series of bomb revelations backed by several documents seen by the newspaper about bitter infighting in Trump’s business, technical errors, questionable financial representations, and what Wilkerson insisted was a violation of securities and exchange rules, according to the newspaper.

Wilkerson filed a whistleblower complaint with the Securities and Exchange Commission in August regarding the company. Wilkerson’s attorney told the newspaper that he is also cooperating with the current investigations into Trump Media by the Securities and Exchange Commission and federal prosecutors from the Southern District of New York.

Wilkerson was fired from his job Thursday as TMTG’s senior vice president of operations after speaking to The Post.

Trump Media said in a statement in response to several specific questions from the Washington Post regarding Wilkerson’s information that Trump as president of the company appointed former California Republican Congressman Devin Nunes as CEO “to create a culture of compliance and build a global team to lead Truth Social.”

The statement complained that the newspaper “sent us an investigation filled with false and intentionally defamatory statements and other artificial psychological drama.”

It did not specifically address any of the Washington Post’s questions, according to the newspaper.

The new information comes on the heels of a long list of bad news for Trump’s Truth Social Project and the media.

Digital World Acquisition Corp — the special purpose acquisition company (SPAC) that Truth Social needs to go public — revealed in a filing with the Securities and Exchange Commission last month that investors had already backed commitments of $139 million of the $1 billion it announced. formerly the company.

More will likely come. Investors, who agreed to float the money nearly a year ago, can now forego their commitments because Digital World missed its September 20 deadline to merge with Trump Media. That deadline was extended by three months after shareholders refused to accept their offer for a 12-month extension. But investors can still withdraw.

A major web hosting operator complained in August that Truth Social owed about $1.6 million in payments committed under the contract, a claim that suggests the operation’s finances are in “a big mess,” Fox Business News reported.

In another setback, Truth Social’s trademark application was denied in August because its name was too similar to other operations.

Trump insisted last month that he was not interested in any financial problems from the Truth Social because, as he explained, he posted on the social media platform, “I’m really rich.” “I don’t need financing.”

But in the next sentence he asked: “Private company, anyone???” What seemed to be an invitation to investors.

Check out the entire Washington Post story here.

This article originally appeared on HuffPost and has been updated.


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