Truth Social Partner In Hookers And Drugs Scandal

The Daily Beast reports:

Partners at the Wall Street firm backing Donald Trump’s social media platform Truth Social used company funds to pay for prostitutes, abused drugs, partied with strippers and lost millions of dollars gambling, according to a new report in the Wall Street Journal.

EF Hutton is also being investigated for securities fraud, and investors have accused its brokers of pushing speculative investments, according to competing lawsuits filed by two of the firm’s partners.

After Twitter banned Trump in 2021 for lying about the 2020 election results, most banks avoided deals involving the former president. But in Oct. 2021, Trump announced the formation of Trump Media & Technology Group through a merger with a shell company underwritten by EF Hutton.

Read the full article. The WSJ report is

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