All posts tagged "Digital World Acquisition Corp."

Rep. Marjorie Taylor Greene (R-GA) is back playing the stock market after an extended absence — and she just purchased stock in two companies whose business dealings potentially conflict with her congressional committee assignments.

In a public filing released today and reviewed by Raw Story, Greene reported buying up to $15,000 Qualcomm, a federal defense contractor. Greene serves on the Homeland Security Committee and the Subcommittee on Border Security and Enforcement.

RELATED ARTICLE: Lawmakers, law breakers: 42 members of Congress have violated a conflicts-of-interest law...

In the end, Rep. Marjorie Taylor Greene's now-ex-husband appears to have taken the couple's most MAGA investment: shares of stock in Donald Trump social media venture.

Gone from Greene's personal investment portfolio is a jointly held stock in Digital World Acquisition Corp. — a special purpose acquisition company, or SPAC, that’s supposed to merge with Trump's Truth Social social media platform, according to the Georgia congresswoman's newly filed annual financial disclosure.

Greene, on Oct. 22, 2021, became the first member of Congress to personally invest in Digital World Acquisition Corp. Greene reported that she and her then-husband Perry Greene purchased between $15,001 and $50,000 worth of Digital World Acquisition Corp. stock that day. The value of Digital World Acquisition Corp. stock has since plummeted....

Rep. Marjorie Taylor Greene (R-GA) made a personal bet on Donald Trump’s Truth Social platform — and is losing bigly.

The value of Greene’s class A stock in Digital World Acquisition Corp., a special purpose acquisition company, or SPAC, that’s supposed to merge with Truth Social, had cratered in recent weeks amid significant corporate turmoil.

Digital World Acquisition Corp. this week ousted its chief executive officer, Patrick Orlando. Federal prosecutors are investigating Trump Media, the current owner of Truth Social, to determine whether it violated money laundering laws, The Guardian reported. And Trump himself faces a potential indictment related to hush money payments to adult film actress Stormy Daniels, with whom Trump allegedly had an affair....