Posted:
#76
Quote Originally Posted by Zeus4par:
Expert WARNS of possible securities fraud in Trump Media stock After the completed merger with "blank check firm" Digital World Acquisition Corp., the stock soared to over $66 a share, then crashed when news broke that Truth Social lost $58 million in 2023. Trump went online to talk up the strength of Truth Social's stock, which could be a legal problem for him, a financial expert told Newsweek. "A false statement of 'material' information is securities fraud," Michael Klausner, Professor of Law at Stanford Law School, told Newsweek. The professor warned it could be a case of "pumping." Klausner warned this could be seen as illegal by the Securities and Exchange Commission if it's not true, and Trump could be investigated for a so-called "pump and dump" scheme, where someone deliberately hypes a stock to manipulate its price - Newsweek
Expert WARNS of possible securities fraud in Trump Media stock After the completed merger with "blank check firm" Digital World Acquisition Corp., the stock soared to over $66 a share, then crashed when news broke that Truth Social lost $58 million in 2023. Trump went online to talk up the strength of Truth Social's stock, which could be a legal problem for him, a financial expert told Newsweek. "A false statement of 'material' information is securities fraud," Michael Klausner, Professor of Law at Stanford Law School, told Newsweek. The professor warned it could be a case of "pumping." Klausner warned this could be seen as illegal by the Securities and Exchange Commission if it's not true, and Trump could be investigated for a so-called "pump and dump" scheme, where someone deliberately hypes a stock to manipulate its price - Newsweek
@Zeus4par
would any of us b surprised if that happens 
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
0
Apparently the convicted fraud is about to gain another 36 MILLION shares of his worthless memestock by closing tomorrow!
the rump meme stock that might soon b under investigation for securities fraud finished down over 2% on monday
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