Trump’s social media deal partner took advice from ARC Group run by execs who had 3 companies sued by SEC to block their IPO - execs were a no show at hearings & received rare stop-order, only 5 have been issued by SEC since ARC @DEER_ECHO_ @readkrystalhu
reuters.com/article/usa-tr…
reuters.com/article/usa-tr…
I tweeted the information about ARC execs SEC stop order a week ago - the Reuters story is the first detailed coverage I've seen and has important details, but does not mention that Trump's new partner Patrick Orlando was advised by ARC on 4 SPAC deals
https://twitter.com/WendySiegelman/status/1451568401109946377?s=20
ARC execs not only advised Trump's partner Orlando on 4 SPAC deals, @ktskts11 found 1st SEC filing for Orlando's firm Benessere Capital was subscription agmt which sold 2,875,000 shares to ARC Global Investments for $25k & signator was Hoyos (Arc Capital)
https://twitter.com/ktskts11/status/1453549435892424704?s=20
A quick note that ARC Capital had launched a new website under the brand ARC Group, the same execs run both
https://twitter.com/WendySiegelman/status/1451574421748080641?s=20
"Reuters could not determine what Trump or his company, Trump Media & Technology Group, knew of the ARC Group bankers’ involvement in Digital World or their past troubles with regulators"
Trump's pattern of ignorance about biz partners continues even after being US president🤦♀️
Trump's pattern of ignorance about biz partners continues even after being US president🤦♀️
Trump & Orlando co Digital World Acquisition Corp/DWAC (advised by ARC execs who received rare SEC stop-order) needs to be a bigger story beyond coverage of stock price
Including find by @braisincapital on Orlando SPAC Yunhong & CFO Andrey Novikov links:
Including find by @braisincapital on Orlando SPAC Yunhong & CFO Andrey Novikov links:
https://twitter.com/WendySiegelman/status/1451237446348328967?s=20
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