TMTG drops defamation claim over report that prosecutors were investigating payments received as possible money laundering

Donald Trump’s media corporation has dropped a defamation claim against the Guardian and two other defendants over a report that federal prosecutors were investigating $8m in payments the company received from entities with ties to Vladimir Putin as possible money laundering.

A filing in the 12th judicial circuit in Sarasota county, Florida, on Friday confirms that Trump Media and Technology Group (TMTG), the parent company of the president’s Truth Social platform, was withdrawing its claims without prejudice, meaning it could refile the lawsuit at a later date.

The Guardian reported in March 2023 that New York prosecutors had launched a criminal inquiry into money wired to TMTG through the Caribbean by two entities that appeared to be controlled in part by the relation of an ally of Putin, Russia’s president.

  • garretble
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    7 days ago

    This is what makes me so mad about the other companies that just roll over.

    All you have to do is fight a little bit and he’ll back down. That’s it. That’s all you have to do.

    • njm1314
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      7 days ago

      And ironically they would all be okay if they remembered the rule by which Trump lives by. He’s already paying a retainer fee to the lawyers might as well use them. All these companies have lawyers under retainer. Use them.

    • Lucidlethargy@sh.itjust.works
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      6 days ago

      That’s because companies like Facebook, Amazon, Microsoft and Space X/Twitter are run by cowards that don’t give a fuck about anyone but themselves.

      • tb_
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        6 days ago

        They aren’t cowards; they want government handouts. If they go against the suit, Trump will block whatever corporate dystopian shit they want to do. If they fold and pay, Trump may help them in achieving their dystopia.

        It’s corruption.