The former chief executive of the company that helped Donald Trump's social media company go public is being sued for securities fraud.
The U.S. Securities and Exchange Commission (SEC) has accused Patrick Orlando, former CEO of shell company Digital World Acquisition Corp, of breaking rules by issuing false and misleading statements.
In its filing with a District of Columbia court on Wednesday, the SEC said Orlando had failed to disclose to investors that DWAC had formed a plan to acquire Trump Media & Technology Corp.
