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.

Trump Media's Public Merger Close

unresolved
Promised
The merger agreement proposed taking Trump Media public through DWAC.Open cited record · 1 source
The record
The business combination closed and the public company adopted the Trump Media name.Open cited record · 1 sourceSEC ownership filings identified Trump as the company's controlling shareholder after closing.Open cited record · 2 sources
Who gained
  • Donald Trump as controlling shareholder
Who paid
  • Public Trump Media investors
Audit finding
unresolved

The transaction created a public-market vehicle in which Trump was the controlling shareholder while remaining a presidential candidate; securities filings disclosed that control and related risks.

Causal strength: documented mechanism