{"id":2025,"date":"2024-04-11T16:59:35","date_gmt":"2024-04-11T16:59:35","guid":{"rendered":"https:\/\/stoxpo.com\/?p=2025"},"modified":"2024-04-11T16:59:36","modified_gmt":"2024-04-11T16:59:36","slug":"allegations-of-hacking-and-boardroom-coup-shake-trump-linked-media-company","status":"publish","type":"post","link":"https:\/\/stoxpo.com\/index.php\/2024\/04\/11\/allegations-of-hacking-and-boardroom-coup-shake-trump-linked-media-company\/","title":{"rendered":"Allegations of Hacking and Boardroom Coup Shake Trump-Linked Media Company"},"content":{"rendered":"\n

Former SPAC CEO and Investment Firms Accuse Board Member of Data Theft and Corporate Intrigue<\/h4>\n\n\n\n

Investment firms, led by the former CEO of the SPAC that merged with Donald Trump\u2019s media venture, have filed a federal civil lawsuit alleging hacking and corporate subversion by a current member of the media company\u2019s board of directors.<\/p>\n\n\n\n

The lawsuit, filed in South Florida, accuses board member Eric Swider of orchestrating a scheme to replace Patrick Orlando as CEO of Digital World Acquisition Corp., the SPAC that facilitated the merger. Allegedly, Swider and others hacked into the firms\u2019 computer systems to obtain information, which they then used to attack Orlando and advance their agenda.<\/p>\n\n\n\n

The plaintiffs, including Benessere Investment Group and ARC Global Investments II, seek damages and an injunction against the use of stolen information. Orlando was ousted from Digital World in March 2023 and replaced by Swider.<\/p>\n\n\n\n

The merger took Trump Media & Technology Group Corp., owner of Truth Social, public on the Nasdaq Stock Market. However, the company\u2019s stock (traded under DJT) experienced a volatile debut, with recent losses wiping out initial gains, fueling concerns about the company\u2019s stability amid the legal turmoil.<\/p>\n\n\n\n

You might like this article: Rent the Runway Surpasses Expectations, Eyes Growth and Profitability in 2024<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"

Former SPAC CEO and Investment Firms Accuse Board Member of Data Theft and Corporate Intrigue Investment firms, led by the former CEO of the SPAC that merged with Donald Trump\u2019s media venture, have filed a federal civil lawsuit alleging hacking and corporate subversion by a current member of the media company\u2019s board of directors. The […]<\/p>\n","protected":false},"author":1,"featured_media":1921,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"8","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar-narrow","sidebar":"author","second_sidebar":"single-right","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]}},"categories":[331,360],"tags":[],"coauthors":[453],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/2025"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=2025"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/2025\/revisions"}],"predecessor-version":[{"id":2026,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/2025\/revisions\/2026"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/1921"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=2025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=2025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=2025"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=2025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}