Donald Trump

SebastianBlue said:
It’s been pretty widely known within the investment world for some time that the entire enterprise is an elaborate pyramid scam (with likely ties to Russia and confirmed connections to wealthy far-right entities in the US) and the SEC began investigating TMTG and Truth Social essentially since it came in to existence. They have charged several former executives and shareholders with insider trading, fraud, and a few other regulatory violations, and have been investigating Trump himself (and Devin Nunes, the current CEO of TMTG) for fraud and regulatory violations related to the SPAC merger and general operations, with accusations that the company hasn’t properly disclosed origins of funding (some of which may viole both international and US sanctions) and other financial support, and have misrepresented their financial condition via regulatory required reporting and disclosures. This even after the SEC (under pressure) approved the DWAC-TMTG merger to officially take the later public.

That’s not even getting in to the many, many lawsuits DWAC, DJT, and Trump are facing right now.

www.bloomberg.com

Why Trump’s Social Media Company Is Awash in Legal Cases

Donald Trump’s newly public social media company is entangled in many legal cases, the bulk of them involving suspected misdeeds by the executives who helped set up the company and merge it with a public entity — and by the former president himself.
www.bloomberg.com www.bloomberg.com

SEC.gov | SEC Charges Former DWAC Board Member and Others for Insider Trading in DWAC Securities

www.sec.gov www.sec.gov

SEC.gov | SEC Charges Digital World SPAC for Material Misrepresentations to Investors

www.sec.gov www.sec.gov

Click to expand...

It’s kind of wild to me that even somebody with his platform and resources can’t do something as seemingly non-controversial and straight-forward as setting up a Twitter clone via legitimate means.

It's as if his team of village idiots gets around a table and thinks to themselves, "what's the most nefarious and legally questionable way we can approach this?"

I know that in my previous post I said it was "Ponzi in nature", I think a more accurate summation would be that it shares characteristics with an MLM company. The product exists and it acts a superficial veneer of legitimacy but there is no realistic operational way to generate a return. The only way they can keep afloat is to turn the whole thing into a cult and suck as much money out of the 'lower downs' within that cult as possible. Use the money of those sorry minnows to prop up the market value just long enough for the ones at the top to shovel their money elsewhere.

MLMs are also technically legal on their premise but tend to be hot beds of malpractice, lying, manipulation and often present similar cause for investigation.

What I'm trying to say here is Trump is like the ultimate Herbalife rep.
 
SkyBlueFlux said:
It’s kind of wild to me that even somebody with his platform and resources can’t do something as seemingly non-controversial and straight-forward as setting up a Twitter clone via legitimate means.

It's as if his team of village idiots gets around a table and thinks to themselves, "what's the most nefarious and legally questionable way we can approach this?"

I know that in my previous post I said it was "Ponzi in nature", I think a more accurate summation would be that it shares characteristics with an MLM company. The product exists and it acts a superficial veneer of legitimacy but there is no realistic operational way to generate a return. The only way they can keep afloat is to turn the whole thing into a cult and suck as much money out of the 'lower downs' within that cult as possible. Use the money of those sorry minnows to prop up the market value just long enough for the ones at the top to shovel their money elsewhere.

MLMs are also technically legal on their premise but tend to be hot beds of malpractice, lying, manipulation and often present similar cause for investigation.

What I'm trying to say here is Trump is like the ultimate Herbalife rep.
Click to expand...
Luckily we can both be correct, as pyramid (Ponzi) schemes often cloak themselves in a veil of a “legitimate” MLM ventures (regulators have actually argued in court that Herbalife is effectively a Ponzi scheme). They always have a product, most often a seemingly legitimate one, and the majority promote a cult-like culture, which Trump himself is adept at (one of his few real skills).

And to your point about Trump and his team not even being able to spin up a far-right Twitter clone without employing fraudulent practices, I think that is as much a function of the isolated position he has put himself in and the people still willing to do “business” with him than anything else.

When you have spent nearly all of your life trying to stay afloat via mismanagement, fraud, and—in later years—treason, your options for doing anything legitimately tend to be one extremely limited. Even in the very limited situations where he and his team man intend to doing something above board, it will quickly go back below deck, either because of the abject ineptitude or from the influence/disruption of the various aligned entities and/or interested dubious associates (many of whom have ties to Putin and a few other brutal dictators).

They’re now well down to scrapping the bottom of the barrel in the lowest, darkest, dankest level of HMS Poorleone.

Almost nothing they do now will be free of mold, piss, and rat shite.
 
Alan Harper's Tash said:
Worse than half day closing!
Click to expand...

If there’s one thing I’m learning about court, it’s that they have a lot of breaks. Even the days we’ve had so far have started at 9.30 and ended at 2-3pm. They get 10-15 mins every hour or two along with a longer lunch break.

I don’t mind that so much, it is intellectually demanding work. But it’s easy to see how courts get backlogged.
 
SkyBlueFlux said:
If there’s one thing I’m learning about court, it’s that they have a lot of breaks. Even the days we’ve had so far have started at 9.30 and ended at 2-3pm. They get 10-15 mins every hour or two along with a longer lunch break.

I don’t mind that so much, it is intellectually demanding work. But it’s easy to see how courts get backlogged.
Click to expand...
Beyond that, the court needs time to do research, consult peers and legal resources, transcribe proceedings, write official comments and rulings, and other onerous admin. The prosecution and defence also need time to consider and respond to events during the trial.

The in-room proceedings is only portion of the actual work.

Now multiple that by having a defendant that is hell bent on corrupting and manipulating every aspect of proceedings, as well intimidating and/or endangering every participant of the trial not on their defence team (and sometimes even including them) and you get what this judge and court staff is up against.
 
SkyBlueFlux said:
If there’s one thing I’m learning about court, it’s that they have a lot of breaks. Even the days we’ve had so far have started at 9.30 and ended at 2-3pm. They get 10-15 mins every hour or two along with a longer lunch break.

I don’t mind that so much, it is intellectually demanding work. But it’s easy to see how courts get backlogged.
Click to expand...
When I did jury service, it was about 10-3:30 each day with an hour for lunch, but we had to do all 5 days!
 
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