The Case of Mr. Orlando: Slandering ARC II’s Shares in a Corporate Coupling by Trump Media and Technology Group

A board member of Trump Media & Technology Group, which owns Truth Social is accused of hacking a company executive that helped bring the company public as part of a corporate coup attempt.

Per the suit, Swider then used Orlando’s Mailchimp account to email ARC II’s investors about the Truth Social deal after Orlando’s firing. “Mr. Orlando’s leadership has guided our common interests with DWAC directly into the arms of the SEC, the DOJ, lengthy delays and costly investigations,” Swider wrote, according to Wired. “By filing this lawsuit against DWAC, Mr. Orlando is destroying the value that may be realized upon consummation of the business combination by the Company and its members.” Swider invited investors to subscribe to a series of calls that would teach them to understand their risk exposure based on leadership that continues to march them down a path of mis-information, hidden information and self dealing.

During his time at DWAC, there was a rocky time. The proposed Trump Media-DWAC merger was delayed due to probes by the Securities and Exchange Commission. CNBC reported that those delays cost DWAC $100 million.