Posted on 12/23/2021 1:01:30 PM PST by GulliverSwift
A Chinese firm helping former president Donald Trump take his new media company public has been the target of investigations by federal securities regulators, who say the firm misrepresented shell companies with no products and few employees as ambitious, growing enterprises, documents and interviews show.
Arc Capital, an investment advisory firm based in Shanghai, has repeatedly helped create or finance companies with little or no revenue, no customers and office locations that point to P.O. boxes, according to a Washington Post review of regulatory and court filings. One claimed to be developing autonomous drone software despite having no employees; another said it operated a publicly traded in-home bakery “specializing in freshly-made cakes and cupcakes” before saying it pivoted into touch-screen technologies for a “diversified blue-chip client base,” regulatory filings show.
The United States allows shell companies to be listed on public markets but requires operators to truthfully represent them as businesses with no active operations, securities lawyers said. The U.S. Securities and Exchange Commission has accused Arc of deceiving investors about the scope of its operations, the locations of the businesses and the identities of the people behind them, documents show.
This year, Arc helped create Digital World Acquisition, an investment vehicle that has raised over $1.2 billion to conduct a merger with Trump Media and Technology Group. Digital World is what’s known as a special purpose acquisition company, or SPAC, a type of shell business that raises money from investors to acquire a private start-up with strong growth prospects....
An unusual team of advisers is supporting the former president’s effort. Andy Litinsky and Wes Moss, former stars from Trump’s TV show, “The Apprentice,” pitched the idea to Trump earlier this year, according to a person who was briefed on one of their meetings.
(Excerpt) Read more at msn.com ...
how many stories has the compost done o n swallwell and his chinese spy girlfriend?
He was a xenophobe when he banned China flights in the early days of covid.
Now he’s to involved?
The state media is trying waaaay too hard.
How many stories has the compost done on China dealings with democrap politicians, especially on the west coast?
Like zero.
Oh all of a sudden we’re real concerned about involvement with China.
Get ready.
Some time in the next two months, Trump is going to launch his new venture.
This article, seems to be (exactly) aimed at attempting to demonize him/it.
Charge!! :)
Trump is all about the deal..Trump has never been good about who he calls friends which explains why they stab him in the back when the deal sours...
The media is trying to point to a double standard that Trump isn’t practicing what he preaches. The problem is that as you pointed out the media doesn’t see the irony of their own hypocrisy in being concerned with it now finally that their nemesis has any connection be it legitimate or not.
If Trump was smart about this he would simply state: my company is legit, it has employees, isn’t hiding anything, etc. so that claim is baseless, but now that you mention it, I am also not colluding with Chinese government officials to garner access to US federal officials so they can make seedy backroom deals and launder money either, so it really shouldn’t be such a scary premise after all - perhaps you ought to look into Hunter and Joe’s dealings with communist China with a similar zeal now that you’re expressing some concern about chinese involvement.
It’s unfortunate how a lot of people on FR ignore that tendency when people try to warn about bad deals before they sour. It’s why we have frauds like Ted Cruz grifting so easily and continuously.
How many stories have they done on the Chicoms owning Forbes? Or the NY Slimes being partially owned by the Chicoms?
One might theorize that perhaps PDJT has already seen that angle and is ready for it.
He’s done it before.
It’s one of the things Andy Breitbart was brilliant at doing. You know the left is going to respond in a certain way to something, so you set up a trap based on their totally predictable, canned, inflexible responses to stimuli. They when they’re past the point of no return, you spring the trap.
What else do you expect coming from the Washington Commost and armpit of journalism ?
Thing about Trump was first 3 years it was a regular revolving door of bad actors and actresses that a blind man could have seen coming..Very frustrating...
Bezo’s blog, the Compost, pushed Trump/Russia collusion for several years.
Why do you believe, without corroboration, anything from these people?
Well you knew the rhetoric would start. 🙄
How many stories has the compost done on China dealings with democrap politicians, especially on the west coast?
Like zero.
I believe Swalwell is still a Chicom asset. I’ve read a lot of the spy histories, and spy agencies would never give up an asset like that. It’s like the Mafia, once you’re in, you can never get out.
It’s in China! What are you gonnadoaboutit?
Oh no Chinese collusion, say it ain’t so
..Trump has never been good about who he calls friends which explains why they stab him in the back when the deal soursThat explains why he's never done good for himself.
He's never had hindsight geniuses like you to advise him.
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