The lawsuit alleges that Orlando and ARC Global have failed to transfer what is owed - roughly 75% to 80% of the total approximate 8.1 million shares of stock in Trump Media.
The plaintiffs state that Orlando 'engaged in malicious and intentional self-dealing of monumental proportions to the tune of potentially hundreds of millions of dollars.'
The suit accuses the defendants of 'coordinated and intentional theft of stock' and 'egregious breaches of fiduciary duties' by Orlando.
Orlando orchestrated a scheme with the other Defendants to divert the majority of ARC ownership interest to himself and his family through a closely held offshore shell company.
Collection
[
|
...
]