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Trump Media Shares Set to Balloon from Deal with Yorkville, Previously Accused of Fraud

An investment firm the Securities and Exchange Commission once charged with fraud entered into a deal with Trump Media & Technology, paving the way for the company's value to surge just before the presidential election in November. Trump Media, 58 percent owned by Republican presidential candidate Donald Trump, disclosed in an 8-K filing with the SEC on July 3 that it had negotiated a deal with Cayman Islands-incorporated Yorkville, an investment fund managed by Yorkville Advisers LLC, a Delaware-incorporated, New Jersey-based management firm. In a 35-page complaint from 2012, the SEC alleged that from April 2008 through January 2010, Yorkville...

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