Trump’s social media company went public relying partly on loans from trust managed by person of interest to prosecutors

Donald Trump’s social media company Trump Media managed to go public last week only after it had been kept afloat in 2022 by emergency loans provided in part by a Russian-American businessman under scrutiny in a federal insider-trading and money-laundering investigation.

The former US president stands to gain billions of dollars – his stake is currently valued at about $4bn – from the merger between Trump Media and Technology Group and the blank-check company Digital World Acquisition Corporation, which took the parent company of Truth Social public.

Through leaked documents, the Guardian has learned that ES Family Trust operated like a shell company for a Russian-American businessman named Anton Postolnikov, who co-owns Paxum Bank and has been a subject of a years-long joint federal criminal investigation by the FBI and the Department of Homeland Security (DHS) into the Trump Media merger.

  • originalucifer@moist.catsweat.com
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    3 months ago

    totally not a security risk that a guy that wants to be president recieves financial support from known adversaries.

    im sure the GOP would be totally silent if biden had received hundreds of millions of dollars from russians over the last decade. totally fine.

  • The Snark Urge@lemmy.world
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    3 months ago

    We’re going to be learning of new shit Trump got away with long after the worms have cleaned his skull of meat.

    In Minecraft.

  • zeppo@lemmy.world
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    3 months ago

    “Russia, Russia, Russia! That’s all you heard at the beginning of this Witch Hunt Hoax…And now Russia has disappeared because I had nothing to do with Russia helping me to get elected.

    I’m so tired of this stupid asshole. That’s right, Russia, Russia, Russia because you have so many shady ties to Russia.

  • graycube@kbin.social
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    3 months ago

    The main Russian news organization is call “Pravda”, which is Russian for “Truth”. Their social media arm therefore, translated to English, would probably be called “Truth Social”.

  • Optional@lemmy.world
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    3 months ago

    Hang on a second here - what, Trump has some kind of . . . what, like, ties to russia???

    • protist@mander.xyz
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      3 months ago

      What else do you want them to do? There are two criminal trials ongoing simultaneously

      • NegativeLookBehind@lemmy.world
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        3 months ago

        Not give him any leniency? He should have had all his assets seized, not be given more time to make bond, which he did.

        Or how about, when an ex president who’s currently running for a second term, is given financial assistance from a foreign entity, especially a Russian one, they freeze all of that money?

        • zeppo@lemmy.world
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          3 months ago

          The bond reduction was especially absurd. Why give him such favorable treatment when he was also a relentless asshole to the court staff for the entire trial? Give him terms and f’ing stick to them.

        • Ranvier@sopuli.xyz
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          3 months ago

          I agree with your sentiment, but first of all you said department of justice, that’s a federal agency. It’s a state civil case the bond was for, the department of justice has nothing to do with that. A state appeals court lowered the bond. The new york attorney General office (state equivalent to the department of justice) was absolutely ready to start seizing if the court hadn’t intervened.

          The Department of Justice is pursuing two criminal cases against trump (the jan 6th case and documents case) that are already going to trial. They have been held up time and time again by judges and the supreme court providing cover for Trump and helping him to delay things.

          If you try to blame everything on the department of justice incorrectly people may view your comment as a bad faith attempt to blame Biden for all of this. Be mad at the courts and judges that allow this crap.

          As to getting loans from people from other countries, not illegal to the best of my knowledge. Certainly could suggest a conflict of interest, and if Biden had done that the Republicans would be screaming about it 24/7. If Trump tried to get a security clearance he would get denied time and time again, but this is an election so it relies on voters seeing his conflicts of interest. As to emoluments clause while he was president, courts again didn’t let that happen. Campaign finance violations? Enforced by the FEC, basically powerless since there are three democratic commissioners, three Republicans, and the Republicans just veto anything relating to investigations of Trump. Not to mention they’re severely underfunded and ineffective even when they do try to take action with only slap on the wrist penalties.

          Anyways, plenty of people to get mad at, but I don’t think the department of justice itself has much to do with why you’re mad.

          • NegativeLookBehind@lemmy.world
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            3 months ago

            You’re right, I apologize. I was incorrect. For many reasons I am just very frustrated by all of this and am just eager for some sliver of justice to be served. It just seems like all of the attempts at such are postponed, or otherwise reduced or outright removed.

            In no way am I blaming Biden for anything. I just want the legal system to have some sort of meaningful impact on an individual who’s obviously determined to destroy what’s left of our democracy.

            • Ranvier@sopuli.xyz
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              3 months ago

              I agree with you and am frustrated too, just trying to point out where in the legal system all of this keeps falling apart. I have seen people state that Biden appointing Garland was the main problem, but Trump has two state civil cases, two state criminal cases, and two federal criminal cases ongoing against him right now. Prosecutors like in the doj launching cases against him isn’t really the problem here, they’ve done that plenty, but there are tons of other problems and weaknesses in the legal system he’s weaseling through. Mostly judges and especially the supreme court. Having four years in office to appoint his own judges and having one of the major political parties in the country providing constant cover has done a lot to help him in this regard too. In the end though, if people keep electing Trump and other Republicans the legal system won’t be able to stop them no matter how flagrantly criminal they act, they’ll use the power handed to them and keep warping the legal system around them.

              • Optional@lemmy.world
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                3 months ago

                I hear you, but I also disagree. Arresting him and keeping him locked up is SO within their rights. Siezing Every Single Thing is also within their rights. Presidential Immunity is #1 a lie; #2 a dishonest interpretation, #3 needs to be shot down utterly if that’s what it takes and #4 WAS NEVER A DEFENSE for what we’re talking about.

                Remember - the “Justice system” does it to us, every day, all day. For so, so much less.

                Yet they don’t act. Sure, they don’t want the crazy MAGAts to get in their little flag trucks and drive around and yell, I understand. And they may face something simliar - as they are already doing with the 'Biden Impeachment" sad clown circus - when the traitorous shitheads get back in power, I get that too.

                But we’re talking about the most egregious and incompetent criminal politician in the history of this country, one who has outed spies (on purpose?) who has spilled any number of national security secrets, and who is already charged with selling them to other countries. Oh and who is so ludicrously incompetent that any one of his villanous sycophantic toadies would be ten times more effective in office without the destroying-democracy thing he does. God forbid another global pandemic happens on his watch.

                It calls out and questions every single three-letter agency who are supposedly sworn to uphold the Constitution and prevent what is happening from happening. What in the sweet fuck are they doing all goddamned day? Monitoring vegetarian communities?

                We have gone to war for much, much less. Trillions spent and thousands of soldiers for oil and ??? in Iraq. The DoJ is the instrument that the government has formed for this situation. It has been utterly ineffective. (for yes, reasons) And yet we should be nowhere near where we are now. To put us in such jeopardy is either idiocy or insanity. Trump’s ties to Russia are not only well documented and well known, they’re ALREADY SHOWN TO BE CHARGABLE OFFENSES in one of the longest most scrupulous investigations into a sitting president ever. So Do It Already.

                • Ranvier@sopuli.xyz
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                  3 months ago

                  I hear you, and I’m very frustrated with the justice system too. But you’re constantly conflating the “justice system” and “the justice department” which are totally different things. Prosecutors don’t decide who gets bail or not, judges do. Prosecutors do not seize things, judges make rulings allowing prosecutors to do so. Neither prosecutors nor judges write these laws, congress does. Are you advocating for some totally lawless system where prosecutors can go around acting as their own judges doing whatever they want? If prosecutors acted like how you’re advocating here, every little thing they did would get reversed and Trump would get off totally free due to all the prosecutorial malfeasance.

                  Most of your anger would be better directed at lawmakers, judges, and the people who appointed terrible judges, than the prosecutors, at least when it comes to Trump’s current ongoing cases (not Barr burying the Mueller report as much as he could to provide political cover for Trump obviously)

          • Optional@lemmy.world
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            3 months ago

            Hey here’s one - how about the unredacted Mueller Report?

            Hm? They could do that. They could have done that day 1.

            So. Where is it.

              • Optional@lemmy.world
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                3 months ago

                Previously secret ‘alternative’ Mueller report goes public

                Compendium of evidence gathered by the special counsel’s ‘Team M’ is heavily redacted.

                The subtitle of the article you linked says it’s “heavily redacted”.

                In fact, Mueller also wrote that the “investigation established that the Russian government perceived it would benefit from a Trump presidency and worked to secure that outcome, and that the Campaign expected it would benefit electorally from information stolen and released through Russian efforts.”

                Mueller found other contacts with Russia, such as the sharing of polling data about Midwestern states where Trump later won upset victories, conversations with the Russian ambassador to influence Russia’s response to sanctions imposed by the U.S. government in response to election interference, and communications with Wikileaks after it had received emails stolen by Russia. While none of these acts amounted to the crime of conspiracy, all could be described as “collusion.”

                Myth: Mueller found no obstruction.

                Response: Mueller found at least four acts by Trump in which all elements of the obstruction statute were satisfied – attempting to fire Mueller, directing White House counsel Don McGahn to lie and create a false document about efforts to fire Mueller, attempting to limit the investigation to future elections and attempting to prevent Manafort from cooperating with the government. As Mueller stated, “while this report does not conclude that the President committed a crime, it also does not exonerate him.” Mueller declined to make a “traditional prosecution decision” about obstruction of justice. Because he was bound by the Department of Justice policy that a sitting president cannot be charged with a crime, he did not even attempt to reach a legal conclusion about the facts. Instead, he undertook to “preserve the evidence when memories were fresh and documentary materials were available,” because a president can be charged after he leaves office.

                https://time.com/5610317/mueller-report-myths-breakdown/

                • Ranvier@sopuli.xyz
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                  3 months ago

                  I didn’t claim the additional material released didn’t still have any redactions, read my comment before replying. And that was just one of many additional disclosures made, some were even forced by lawsuits. There’s many reasons why something may be redacted. I seriously doubt anything still redacted is being done to help Trump, I think that would be a pretty nonsensical conspiracy out of a department pursuing multiple criminal cases against Trump. What on earth would be the reasoning or motive? If they thought there was another case in there they could win, well they have the unredacted report, employees of the justice department wrote it after all, they could add in a third criminal case to the other two they’re pursuing. Some of the redactions relate to testimony presented to grand juries, which are secret (since there’s no defense present in a grand jury, a public proceeding could be used by prosecutors to unfairly slander people, etc) which suggests at least some of the evidence was presented to grand juries who chose not to indict over it.

                  The initial report released under the Trump admin controlled justice department? Yeah that had a lot of redactions for Trump’s benefit, made by Barr himself. Not to mention the heavily slanted “summary” released by Barr. If you want to dig into the reasoning for the redactions still remaining, well get reading the freedom of information act lawsuits that already concluded over this, but none are “to help Trump.”

                  https://epic.org/wp-content/uploads/2022/02/EPIC-v-DOJ-19-810-opinion-093020.pdf

                  And launching multiple criminal cases against the guy seems an odd way of helping him, I just don’t follow you.

      • grue@lemmy.world
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        3 months ago

        What else do you want them to do?

        Fucking replace Aileen Cannon, for starters!

  • _sideffect@lemmy.world
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    3 months ago

    People still vote for him because they hate democrats with a passion. They turn a blind eye to everything drumpf does

    • cabron_offsets@lemmy.world
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      3 months ago

      They’re mindless automatons, programmed by their republican overlords, who themselves are happy to sell out their country to the highest bidder.