'Makes me want to throw up': Trump 'Truth' network investor is out now that he knows it's a 'fake news business'
The launch of Donald Trump's new social media company "TRUTH" has hit another bump in the road as some early key investors are pulling out after discovering he is one of the principals behind it which they were unaware of at the time they put money into the start-up.
As the New York Times reported, "The details of Mr. Trump's latest partnership were vague. The statement he issued was reminiscent of the kind of claims he made about his business dealings in New York as a real estate developer. It was replete with high-dollar amounts and superlatives that could not be verified."
According to a report from the Huff Post's Ed Mazza, one hedge fund manager lashed out when he found out about Trump's involvement.
As Mazza reports, "[Boaz] Weinstein's Saba Capital had been a major investor in Digital World, a special purpose acquisition company (SPAC) formed for the purpose of acquiring another company. As is common in SPAC arrangements, investors put their cash in before the acquisition target was chosen. When Weinstein learned it would be with Trump's firm, he bailed."
"Many investors are grappling with hard questions about how to incorporate their values into their work. For us, this was not a close call," he explained.
Another unnamed investor, who reportedly held a 10 percent stake in the company, was considerably more graphic when talking about being taken in by Trump's latest venture and he "sold everything as soon as he could," reports Mazza.
"The idea that I would help [Trump] build out a fake news business called Truth makes me want to throw up," they said.
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Inside the 'secret corruption' during the Trump administration -- from the former president's own ethics chief
Donald Trump's former ethics czar saw some "horrifying" violations before he was shut out by the administration.
Walter Shaub, who was appointed director of the United States Office of Government Ethics during the Obama administration and spent nine months in the same role under Trump, told The Daily Beast's "New Abnormal" podcast that ethical breaches were big and plentiful under the former president.
"The worst thing was President Trump's failure to divest his conflicting financial interests, which he then made worse by promoting those financial interests aggressively using the presidency," Shaub said.
Members of the administration also used "secret waivers" as "get-out-of-jail-free" cards, but no one could ever produce those cards for Shaub.
"The secret of the secret waivers was that there were no secret waivers," he said. "They were just letting people break the rules."
The mysterious deaths of a family and their dog on a California hiking trail that baffled investigators for weeks was down to excessive heat, the local sheriff said Thursday.
The bodies of Briton John Gerrish, 45, his wife Ellen Chung, 31, and their one-year-old daughter, Miju, were discovered a short way from a trailhead in the Sierra National Forest. Their pet dog was nearby, also dead.
Multiple theories about the cause of their deaths were floated, including exposure to toxic gases from an abandoned mine, or drinking water contaminated by poisonous algae.
But Mariposa Sheriff Jeremy Briese told a press conference Thursday the family had been affected by temperatures over 100 Fahrenheit (38C), giving the cause of death as "hyperthermia and probable dehydration due to environmental exposure".
Hyperthermia is an abnormally high body temperature caused by a failure of heat-regulating mechanisms to deal with environmental heat, the National Institutes of Health says. Heat exhaustion and heat stroke are well-known examples.
Briese said the family, who were relatively new to the area, were found on August 17 -- two days after they were last seen -- without any supplies of water.
"The initial hike started off at 75 degrees," he said.
"By the time they got down... before they hit the trail, it's already jumped to 103."
Temperatures in parts of California during the summer routinely top 90 or 100 Fahrenheit, but Briese said heat-related deaths were not common in Mariposa.
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