Tiny Red HandsOpen ledger

America First Audit

About this audit and its evidence

Trump sold “America First.” This record traces how public money, power, and risk moved toward family businesses, donors, favored firms, and foreign governments: and what workers, ranchers, retirees, patients, veterans, and small investors were left to absorb.

Reversal ledger

Oldest to latest by event date. Each stop is one dated case.

DWAC's SEC Misrepresentation Settlement

unresolved
Promised
DWAC's offering filing represented that it had not selected a target or initiated substantive discussions with one.Open cited record · 1 source
The record
The SEC found those filings omitted prior target discussions and violated antifraud provisions.Open cited record · 1 sourceAfter the merger closed, the successor company reported paying the contingent civil penalty required by the order.Open cited record · 2 sources
Who gained
  • Securities and Exchange Commission
Who paid
  • Digital World Acquisition Corp.
  • Digital World Acquisition Corp.
Audit finding
unresolved

The order established securities-law violations by DWAC and required corrective undertakings before the Trump Media transaction proceeded; it did not find Trump personally liable.

Causal strength: documented mechanism