Chinese Firm Leading Trump's SPAC IPO Has Been Under SEC Investigation Arc Capital has been investigated for misrepresenting the expanse of the shell companies they represent. The Shanghai-based company has been under investigation for misrepresenting shell companies with no products and few employees as growth companies, the Washington Post reported Thursday. Arc Capital has repeatedly helped create or finance companies with little or no revenue or customers and listed office locations that are actually P.O. boxes, according to the Post's review of documents tied to the investigations. "There’s a shell company basically merging with another shell company, because, as far as we know, the Trump media company hasn’t yet been formed,” Robert B. Lamm, a lawyer who chairs the securities practice at Florida-based law firm Gunster, told the Post. In 2017, the U.S. Securities and Exchange Commission stopped three Arc-backed companies from publicly selling shares due to "material misstatements and omissions." fwiw, in mid 2008, saying that tariffs are easy, then-POTUS Trump initiated the trade war against China. retaliatory tactics/moves, to and fro, ensued. in late 2009, China granted copyrights to the Trump Co (including one for Trump escort services) and princess Ivanka. some time in early 2000, the trade war initiated by then-POTUS ended.
Trump Scammed Supporters Out of $250 Million for Nonexistent Fraud Fund https://www.rollingstone.com/politics/politics-news/trump-fundraising-scam-jan-6-hearing-1367359/ “Not only was there the Big Lie, there was the Big Ripoff,” said Rep. Zoe Lofgren (D-Calif.) near the end of the Jan. 6 committee’s second hearing in laying out how the Trump campaign scammed money from supporters over false claims of election fraud. The Trump campaign sent “millions” of emails to Trump supporters about how they needed to “step up” to protect election integrity, according to the Jan. 6 committee. The money would go to the so-called the “Official Election Defense Fund” — which doesn’t appear to have actually existed, according to testimony. The fund — which, again, did not actually exist — raised $250 million, most of which did not go to election litigation, but to Trump’s newly created Save America PAC. The PAC then made contributions to Mark Meadows’ charity, to a conservative organization employing former Trump staffers, to the Trump Hotel Collection, and to the company that organized the rally that preceded the attack on the Capitol last Jan. 6.
Soon to be added to his list of failures. Which include everything outside of a reality tv show and real estate his daddy helped him buy.
