WEB _________________ BULL PITT _______________ WEB: DOES FARA : Foreign Agents Registration Act : APPLY To TRUTH SOCIAL ? : Having Received $$$ From RUSSIAN : Has Foreign Relationship Been Declared To The SEC? : Are FBI CURIOUS?

Caveat - Forward Thinking Statement - Caveat

SINCE TIME BEGAN : salus populi suprema est lex - the right of the people is the supreme law : IN TRUTH WE TRUST

Published By : Goodwin-RC : CEO +1News Central

12507091809

APRIL 17TH, 2024

THE FARA ACT : ENFORCEMENT : FARA ADVISORY OPINIONS

"The FARA website also includes a summary of statutes related to FARA, brief guide to enforcement of FARA, and information on recent cases."

ADDENDUM

"In 2021, in the Central District of California, Imaad Shah Zuberi was sentenced to 12 years in prison—including the statutory maximum five years on the FARA charge—and ordered to pay $15.7 million in restitution and a total criminal fine of $1.75 million, which included a $1 million fine for the FARA count. Zuberi had pleaded guilty in 2019 to violating FARA, tax evasion, and making almost $1 million in illegal campaign contributions, including money from foreign entities used to influence U.S. elections."

HAS TRUTH SOCIAL RECEIVED LOANS FROM RUSSIANS LIVING IN THE US?

“Certainly! Truth Social, the social media company associated with former US President Donald Trump, faced financial challenges before going public. In 2022, it was kept afloat by emergency loans provided, in part, by a Russian-American businessman who is currently under scrutiny in a federal insider-trading and money-laundering investigation 1. The loans were crucial for Truth Social’s survival during a period when regulators were investigating its merger with the blank-check company Digital World Acquisition Corporation. Here are the key details:

Emergency Loans: Truth Social received desperately needed cash infusions from an entity called ES Family Trust in 2022. This trust essentially operated as a shell company for Anton Postolnikov, the Russian-American businessman in question 1.

Trump’s Stake: The former president stands to gain billions of dollars from the merger between Trump Media and Technology Group (which owns Truth Social) and Digital World Acquisition Corporation. His stake is currently valued at about $4 billion 1.

Paxum Bank Connection: ES Family Trust, which provided the loans, opened an account with Paxum Bank, a small bank registered on the Caribbean island of Dominica. Paxum Bank is known for providing financial services to the porn industry. Anton Postolnikov co-owns Paxum Bank and has been a subject of a joint federal criminal investigation by the FBI and the Department of Homeland Security 1.

Money-Laundering Concerns: The concern surrounding these loans is that ES Family Trust may have been used to complete a transaction that Paxum Bank itself could not. Paxum Bank lacks a US banking license and is not regulated by the FDIC. Postolnikov appears to have used the trust to loan money to help save Trump Media and the Truth Social platform 1.

In summary, while Truth Social did receive loans, the involvement of a Russian-American businessman under investigation has raised questions about the source and purpose of these funds 1.”

DOES THE US FARA LAW APPLY TO TRUTH SOCIAL?

“The Foreign Agents Registration Act (FARA) is a US federal law that requires individuals and entities acting as foreign agents to register with the Department of Justice (DOJ). The purpose of FARA is to promote transparency and ensure that activities conducted on behalf of foreign principals are properly disclosed.

Now, let’s examine whether FARA applies to Truth Social, the social media company associated with former US President Donald Trump:

1. Truth Social’s Background:

o Truth Social is the social media platform owned by Trump Media & Technology Group.

o It recently became a public company after merging with Digital World Acquisition Corp (DWAC)¹ ².

2. DWAC Settlement with SEC:

o DWAC, the merger partner of Truth Social, reached an $18 million settlement with the Securities and Exchange Commission (SEC).

o The settlement resolved an investigation into whether DWAC held talks with Truth Social’s parent company before going public, potentially violating antifraud provisions of the Securities Act and the Exchange Act ¹.

o Once DWAC pays the civil penalty, it can proceed with the merger, which would make Truth Social a public company ¹.

3. Insider Trading Indictments:

o Three individuals involved in the merger were indicted for insider trading related to DWAC and Truth Social.

o Michael Shvartsman, Gerald Shvartsman, and Bruce Garelick were charged with trading securities based on non-public information about the planned business combination between DWAC and Trump Media & Technology Group (the parent company of Truth Social).

o They were arrested and accused of using confidential information to trade DWAC securities before the merger was publicly announced ¹.

4. FARA Implications:

o While FARA primarily focuses on foreign agents representing foreign governments or entities, it does not directly apply to public trading companies like Truth Social.

o Truth Social’s compliance with FARA would depend on its specific activities and whether it engages in lobbying, advocacy, or other actions on behalf of foreign interests.

o If Truth Social were to engage in activities that qualify as lobbying or advocacy for a foreign principal, it would need to register under FARA.

In summary, FARA does not directly apply to Truth Social as a public company. However, if Truth Social engages in activities that fall within FARA’s scope, it would be required to register accordingly ¹ ³. "

No "Distorted News" Here