"Trump's Financial Troubles: Calls for Fraud Investigation and Tanking Media Company"

1 min read
Source: Newsweek
"Trump's Financial Troubles: Calls for Fraud Investigation and Tanking Media Company"
Photo: Newsweek
TL;DR Summary

A petition with thousands of signatures is calling for an investigation into former President Donald Trump for potential securities fraud following the rollercoaster performance of his social media company's stock. The petition alleges that critical financial information was withheld until after the stock went public, leading to significant losses for investors. Securities fraud carries criminal and civil penalties, and both federal and state agencies have jurisdiction to investigate such allegations. This comes after Trump was found liable for misleading insurers and lenders in a separate case involving his real estate properties.

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