The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the former CEO of a blank-check company that merged with Trump Media, accusing him of making false statements about the company’s plans to merge with the former president’s social media company.
In a civil complaint filed Wednesday evening with the U.S. District Court for the District of Columbia, the agency claimed former Digital World Acquisition Corp. CEO Patrick Orlando broke rules concerning securities by issuing false and misleading statements while he led the company.
