A former executive has claimed to the government that Donald Trump's eponymous media company -- which sources say is under federal investigation -- committed "fraudulent misrepresentations" regarding possible mergers with two other firms as it sought to raise money.
The complaint from Will Wilkerson, a former executive at Trump Media & Technology Group (TMTG), alleges federal securities law violations were committed by TMTG and several company officials, as well as Benessere Capital Acquisition Corporation (BENE) and Digital World Acquisition Corporation (DWAC).
BENE and DWAC had been considered or are being used as investor vehicles to potentially take TMTG public, a move which would also ensure a reported $1 billion in further financing from other investors, should the deal close.
Wilkerson's complaint, filed in August and obtained this weekend by ABC News, alleges "fraudulent misrepresentations concerning the attempted mergers between these companies [Trump's firm, BENE and DWAC] in violation of federal securities laws."
More specifically, Wilkerson claims in his complaint that DWAC and Trump's media company "had substantive communications" about merging before DWAC was a public company itself, violating regulations by the Securities and Exchange Commission (SEC).
The SEC and federal prosecutors in the Southern District of New York are investigating Trump's company, according to sources familiar with the matter.
Both agencies declined to comment to ABC News.
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