The ‘blank check’ ally of former president Donald Trump’s media start-up was once a stock-market star. It’s now days away from potential liquidation.

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https://ghostarchive.org/archive/cuvuc

  • magnetosphere @beehaw.orgEnglish
    41·
    1 year ago

    In a separate filing, Digital World said it also was not ready to file two required quarterly financial reports covering the first half of this year, saying it could not complete them in time without “unreasonable effort or expense.” It has sparred with its former auditors in SEC filings and letters over who is to blame for missing information.

    This was a law they knew about from day one, right? Don’t the people who run this circus claim to be professionals? Sorry, folks, but incompetence isn’t a valid excuse. It isn’t “unreasonable” to demand that you comply with the law. If you have to pull a few all-nighters because of your own poor planning, that’s just too bad.

    • loki@lemmy.mlEnglish
      7·
      1 year ago

      Incompetence is however a valid excuse grifters use when they want to fleece a dumb populace.

      “where did our donations go?”

      “oh, we don’t know. it definitely didn’t go into our pockets, we swear. anyhow, we’re out of money. please donate more. we’re the only hope for freedom left in the world”

      • magnetosphere @beehaw.orgEnglish
        2·
        1 year ago

        I love it when they’re faced with judges who don’t tolerate that crap. They simply cannot process the idea of needing actual proof. They’ll fire lawyers who don’t just tell them what they want to hear, but the problem remains, and it BLOWS THEIR MINDS.