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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTFG media deal partner advisers were reprimanded by the SEC
(Reuters) - Donald Trump's social media deal partner took advice from a group of China-based businessmen who in the past tried their hand at businesses ranging from Spanish wine to Korean women's fashion, and at one point had their integrity questioned by U.S. regulators.
The financiers - Abraham Cinta, Sergio Camarero, Carlos Lopez and Jesus Emilio Hoyos Quintero - are managing partners of ARC Group Ltd, a Shanghai-based investment bank listed in a regulatory filing as a financial adviser to Digital World Acquisition Corp, the shell company merging with the former U.S. Presidents venture.
The chief executive of Digital World is Patrick Orlando, who has acted as the special purpose acquisition company's (SPAC) public face. Digital World touted ARC in one filing as adviser that had contacts in government, corporate, investment and advisory worlds and would help it "get access to quality deal pipeline."
A review of regulatory filings shows that while ARC has been actively involved in the creation of SPACs, especially over the past two years, its executives ran into trouble with the U.S. Securities and Exchange Commission (SEC) in 2017. The regulator sued to block the initial public offerings of three companies where the four men had leading roles, accusing them of misrepresenting their connections, misstating the nature and scope of their businesses and failing to cooperate with regulators.
https://www.msn.com/en-us/money/companies/trump-media-deal-partner-advisers-were-reprimanded-by-the-sec/ar-AAQ5KBE
LetMyPeopleVote
(145,313 posts)Response to Yo_Mama_Been_Loggin (Original post)
Chin music This message was self-deleted by its author.
jmbar2
(4,890 posts)He has scheduled some sort of announcement this hour on "The Clay and Buck Show", which claims to be the successor to Rush Limpballs. His minions are piling into the stock.
Will be very interesting to watch.
Let the fleecing continue.