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Two former execs of the company behind the Truth Social merger are caught up in a messy hacking lawsuit
A former assistant was allegedly enlisted to pass along “stolen information.”
Orlando’s leadership has guided our common interests with DWAC directly into the arms of the SEC, the DOJ, lengthy delays and costly investigations,” Swider wrote, according to Wired. “By filing this lawsuit against DWAC, Mr. Orlando is destroying the value that may be realized upon consummation of the business combination by the Company and its members.” Swider also invited investors onto a series of Zoom calls to “understand our risk exposure based on leadership that continues to march us down a path of mis-information, hidden information, and self dealing.” The proposed Trump Media-DWAC merger was delayed for years, due in part to probes by both the Securities and Exchange Commission and federal criminal investigators.
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