The DWAC Receives Subpoena from the Southern District Court of New York

On June 27, the Digital World Acquisition Corp (DWAC) disclosed in a regulatory filing with the U.S. SEC that all its board members received the investigating subpoena from a federal court in New York as of June 24. It is reported that a merger between the DWAC and the Truth Social would be delayed or even obstructed. Truth Social was founded by the former U.S. President Donald Trump, whose share price dropped 9.56% on the same day as the news was released.

Miles Guo, the founder of the Chinese Whistleblower Movement and the New Federal State of China, revealed the background of the DWAC in his live broadcast as early as October 2021. He said that Wu Zheng, also known as Bruno Wu, a registered agent of the CCP, was the owner of the DWAC. The merger was a plan of the CCP with the real purpose of ruining Trump’s political career, preventing him from joining GETTR, thus significantly reducing Republicans’ possibility of winning the 2022 midterm election and eventually depriving Trump’s opportunity to participate in the 2024 U.S. elections.

Miles believed that insider trading was a criminal offense in the United States and that almost all the post-listing transactions of the DWAC were operated by the eleven fund companies that are under the CCP control. Miles predicted that such blatant market manipulation would be investigated and charged by the SEC and the judiciary at that time.