#trump + #russia

Towards the end of last year, federal prosecutors started examining two loans totaling $8m wired to Trump Media, through the Caribbean, from two obscure entities that both appear to be controlled in part by the relation of an ally of Russian president Vladimir Putin, the sources said.

The expanded nature of the criminal investigation, which has not been previously reported, threatens to delay the completion of the merger between Trump Media and DWAC, which would provide the company and Truth Social with up to $1.3bn in capital, in addition to a stock market listing.

Even if Trump Media and its officers face no criminal exposure for the transactions, the optics of borrowing money from potentially unsavory sources through opaque conduits could cloud Trump’s image as he seeks to recapture the White House in 2024.

The extent of the exposure for Trump Media and its officers for money laundering remains unclear. The statutes broadly require prosecutors to show that defendants knew the money was the proceeds of some form of unlawful activity and the transaction was designed to conceal its source.

But money laundering prosecutions are typically based on circumstantial evidence and can be based on materials that show that the money in question was unlikely to have legitimate origins, legal experts said.

The first $2m payment to Trump Media came in December 2021 when the company was on the brink of collapse after the planned merger with DWAC – that would have unlocked millions for the company – was delayed when the SEC opened an inquiry into whether the arrangement broke regulatory rules.

Trump Media needed a bridge loan to keep the company afloat. But it struggled to get financing until DWAC’s chief executive Patrick Orlando sourced a $2m loan wired from Paxum Bank registered in Dominica, according to the wire transfer receipt reviewed by the Guardian.

The wire transfer identified Paxum Bank as the beneficial owner, although the promissory note identified an entity ca

A Florida judge granted motions to dismiss to The Guardian and other defendants in a defamation lawsuit filed by Truth Social’s parent company, Truth Media & Technology Group Corp. (TMTG), the latest example of President Donald Trump’s legal actions against media companies not holding up in court.

The dispute arose from two articles published by the UK-based Guardian in March 2023 “reporting on a federal criminal investigation related to TMTGs receipt of two payments totaling $8 million,” Judge Hunter Carroll of the Twelfth Judicial Circuit Court for Sarasota County wrote in his order summarizing the case, including reports that “federal prosecutors in New York were conducting a money laundering investigation related to the payments, which were wired through the Caribbean from Paxum Bank and ES Family Trust, entities with ties to an ally of Russian president Vladimir Putin and a history of providing banking services to the sex worker industry,” and that the origins of the loans caused alarm at TMTG and TMTG’s then CFO weighed returning the money, but the money was ultimately not returned.”

How did the last security guarantees from the US (to give up nuclear weapons) work out for Ukraine?

The new Trump plan to end the war in Ukraine would grant Russia parts of eastern Ukraine it does not currently control, in exchange for a U.S. security guarantee for Ukraine and Europe against future Russian aggression, a U.S. official with direct knowledge told Axios.