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Insider at Truth Social says Trump pressured execs to hand over shares to his wife - has the tapes to prove it
Posted by: hal
Date: October 15, 2022 02:50PM
[www.washingtonpost.com]
Will Wilkerson, then an executive at former president Donald Trump’s start-up Trump Media & Technology Group, was at a Fort Lauderdale, Fla., coffee shop with company co-founder Andy Litinsky last October when Trump called Litinsky with a question: Would he give up some of his shares to Trump’s wife, Melania?

Trump Media, the owner of the fledgling social network Truth Social, had just been boosted by a huge merger agreement and a flood of investment that had made the stake worth millions of dollars. Trump had already been given 90 percent of the company’s shares in exchange for the use of his name and some minor involvement, leaving everyone else to split the rest.

Litinsky tried to brush it off, telling Trump “the gift would have meant a huge tax bill he couldn’t pay,” Wilkerson said in an interview. “Trump didn’t care. He said, ‘Do whatever you need to do.’ ”

Five months later, Litinsky, who first met Trump in 2004 as a contestant on the TV show “The Apprentice,” was abruptly removed from the company’s board. Wilkerson said he believes it was payback for his refusal to turn over a small fortune to the former president’s wife. Litinsky thought so, too, according to an email Wilkerson and his attorneys shared with The Washington Post and the Securities and Exchange Commission. In that email, Litinsky complained that Trump was “retaliating against me” by threatening to “ ‘blow up the company’ if his demands are not met.”






Edited 1 time(s). Last edit at 10/15/2022 03:01PM by hal.
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Re: Insider at Truth Social says Trump pressured execs to hand over shares to his wife - has the tapes to prove it
Posted by: pdq
Date: October 15, 2022 03:56PM
This sounds like the usual Trump effect - everything he touches turns to fraud, for the benefit of Trump. And it sounds like this guy's got the receipts.

This part also caught my eye:

Quote

[The "Truth Social" founders], eager to hire a point person to handle financial marketing and public scrutiny, had in November gotten dinner at an Atlanta steakhouse with then-Rep. Nunes, a Trump loyalist and prominent Republican critic of Silicon Valley, Wilkerson said. Two months later, Nunes resigned from Congress to become the company’s CEO with Trump and the co-founders’ support.

Company filings show Nunes is paid a base salary of $750,000 a year that could increase to $1 million in the second year, plus bonuses and equity. He had no prior experience leading a tech company.

Nice work if you can get it. This part is not illegal as far as I can see, just dumb, and it got Nunes out of Congress. But it doesn't give much confidence in the likelihood of a successful long-term outcome for the company.
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Re: Insider at Truth Social says Trump pressured execs to hand over shares to his wife - has the tapes to prove it
Posted by: Ca Bob
Date: October 15, 2022 05:06PM
Completely predictable, and hardly a word is being said anywhere except here. If it were anybody else, it would be a big headline.
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Re: Insider at Truth Social says Trump pressured execs to hand over shares to his wife - has the tapes to prove it
Posted by: Kraniac
Date: October 15, 2022 05:31PM
Well, of course he did. Even with everything swirling around him right now, criminally, he can't stop being a @#$%& criminal.

@#$%& that guy....and @#$%& all the people who are STUPID enough to step into his
smelly
little
ring.
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Re: Insider at Truth Social says Trump pressured execs to hand over shares to his wife - has the tapes to prove it
Posted by: JoeH
Date: October 15, 2022 05:43PM
Negative points to Litinsky for thinking he could go into business with Trump. Positive points for standing up to Trump's usual bullying, bluster, and intimidation in business dealings.
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Re: Insider at Truth Social says Trump pressured execs to hand over shares to his wife - has the tapes to prove it
Posted by: Ombligo
Date: October 15, 2022 06:24PM
Quote
JoeH
Negative points to Litinsky for thinking he could go into business with Trump. Positive points for standing up to Trump's usual bullying, bluster, and intimidation in business dealings.

He very well may have known going in that he was going get shafted. That is why he kept records and recordings of everything for the inevitable lawsuit.



“No persons are more frequently wrong, than those who will not admit they are wrong.” -- François de La Rochefoucauld

"Those who cannot accept the past are condemned to revise it." -- Geo. Mathias

The German word for contraceptive is “Schwangerschaftsverhütungsmittel”. By the time you finished saying that, it’s too late
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Re: Insider at Truth Social says Trump pressured execs to hand over shares to his wife - has the tapes to prove it
Posted by: RAMd®d
Date: October 15, 2022 07:24PM
Holy crap!

That's not grifting, cheating, withholding payment, or fraud.

That's outright thuggery extortion.

It shouldn't surprise me, but the blatant criminality does.

45* should be crushed under the weight of his criminality, but despite Garland's and James' progress, I'm just not feeling it'll happen.

It's selfish of me to want him cuffed and stuffed now, I know, but I really do, as do a whole lot of people.

I want DA Locutus telling 45* 'Resistance in futile', while ADA 7 of 9 asks me if I wish to copulate.

Yes.. Yes, I believe I do.






I am that Masked Man.

All you can do, is all you can do.

There’s trouble — it's time to play the sound of my people.

Your boos mean nothing to me, I've seen what you cheer for.

Insisting on your rights without acknowledging your responsibilities isn’t freedom, it’s adolescence.

I've been to the edge of the map, and there be monsters.

We are a government of laws, not men.

Everybody counts or nobody counts.

When a good man is hurt,
all who would be called good
must suffer with him.

You and I have memories longer than the road that stretches out ahead.

There is no safety for honest men except
by believing all possible evil of evil men.

We don’t do focus groups. They just ensure that you don’t offend anyone, and produce bland inoffensive products. —Sir Jonathan Ive

An armed society is a polite society.
And hope is a lousy defense.

You make me pull, I'll put you down.

I *love* SIGs. It's Glocks I hate.
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Re: Insider at Truth Social says Trump pressured execs to hand over shares to his wife - has the tapes to prove it
Posted by: vision63
Date: October 15, 2022 07:38PM
Quote
RAMd®d
Holy crap!

That's not grifting, cheating, withholding payment, or fraud.

That's outright thuggery extortion.

It shouldn't surprise me, but the blatant criminality does.

45* should be crushed under the weight of his criminality, but despite Garland's and James' progress, I'm just not feeling it'll happen.

It's selfish of me to want him cuffed and stuffed now, I know, but I really do, as do a whole lot of people.

I want DA Locutus telling 45* 'Resistance in futile', while ADA 7 of 9 asks me if I wish to copulate.

Yes.. Yes, I believe I do.

The SEC is independent of the Executive Branch. It's its own thing and now Trump is fixed in the scopes of the organization.

Defund the SEC! Because that's not good at all for him.
[www.nytimes.com]
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Re: Insider at Truth Social says Trump pressured execs to hand over shares to his wife - has the tapes to prove it
Posted by: RAMd®d
Date: October 16, 2022 12:38AM
The SEC is independent of the Executive Branch. It's its own thing


I get that, but any action on their part starts now, or at least at some point well after Garland's and James' efforts, and I'm getting really impatient for somebody, anybody, to take him out now, sooner rather than later, within the rule of law.



Trump is fixed in the scopes of the organization.


That's something, but I guess I really don't think about the SEC being responsible for someone getting prison time.

But then there's Martha, and lots of other I guess.

So I hope nobody slacks off because 'somebody else is taking him down'.

I want to see 45* and others dog-piled under the rule of law, with at least one if not more, consecutive prison sentences.


I want somebody's butt, I want it now— I'm fed up!

I want some butts!







I am that Masked Man.

All you can do, is all you can do.

There’s trouble — it's time to play the sound of my people.

Your boos mean nothing to me, I've seen what you cheer for.

Insisting on your rights without acknowledging your responsibilities isn’t freedom, it’s adolescence.

I've been to the edge of the map, and there be monsters.

We are a government of laws, not men.

Everybody counts or nobody counts.

When a good man is hurt,
all who would be called good
must suffer with him.

You and I have memories longer than the road that stretches out ahead.

There is no safety for honest men except
by believing all possible evil of evil men.

We don’t do focus groups. They just ensure that you don’t offend anyone, and produce bland inoffensive products. —Sir Jonathan Ive

An armed society is a polite society.
And hope is a lousy defense.

You make me pull, I'll put you down.

I *love* SIGs. It's Glocks I hate.
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And another thing...!
Posted by: RAMd®d
Date: October 16, 2022 12:48AM
He gets 90% for the use of his name.

Greedy, but ok, that's the deal everybody agreed on.

But then 45* feels he needs to provide for Malaria, maybe in case something happens to him, how will she survive?

He could give up some of his 90%, but apparently money's tight.

Oh, thug-up and demand money from the remaining 10%, as what— a token of fealty to the Queen, that he doesn't want to cost him a dime.

Scrooge McDump.

I really, really want to see him hit by DOJ, NYC, and SEC IDEs.






I am that Masked Man.

All you can do, is all you can do.

There’s trouble — it's time to play the sound of my people.

Your boos mean nothing to me, I've seen what you cheer for.

Insisting on your rights without acknowledging your responsibilities isn’t freedom, it’s adolescence.

I've been to the edge of the map, and there be monsters.

We are a government of laws, not men.

Everybody counts or nobody counts.

When a good man is hurt,
all who would be called good
must suffer with him.

You and I have memories longer than the road that stretches out ahead.

There is no safety for honest men except
by believing all possible evil of evil men.

We don’t do focus groups. They just ensure that you don’t offend anyone, and produce bland inoffensive products. —Sir Jonathan Ive

An armed society is a polite society.
And hope is a lousy defense.

You make me pull, I'll put you down.

I *love* SIGs. It's Glocks I hate.
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Re: Insider at Truth Social says Trump pressured execs to hand over shares to his wife - has the tapes to prove it
Posted by: $tevie
Date: October 16, 2022 06:42PM
We really need to stop being taken aback at anything Trump does. He is a grifter, a mob boss, a criminal, a lying sack of @#$%&, and so on and so forth. I assume he has done everything in the most shifty way possible so nothing surprises me.



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Re: Insider at Truth Social says Trump pressured execs to hand over shares to his wife - has the tapes to prove it
Posted by: samintx
Date: October 17, 2022 06:21AM
If he doesn’t get a stiff and sizeable punishment for all the law suits I give up. No slap on the hands, please.
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