Media
Turkey prepares second indictment of six Khashoggi murder suspects: media – TheChronicleHerald.ca
ISTANBUL (Reuters) – Turkish prosecutors have prepared a second indictment in connection with the 2018 murder of Saudi journalist Jamal Khashoggi in Istanbul, naming six new Saudi nationals as suspects, broadcaster CNN Turk and other media said on Monday.
Khashoggi, a critic of Saudi Crown Prince Mohammed bin Salman, was last seen at the Saudi consulate on Oct. 2, 2018, where he had gone to obtain documents for his impending wedding. Turkish officials believe his body was dismembered and removed from the building, while his remains have not been found.
Twenty Saudi nationals are already on trial in an Istanbul court for Khashoggi’s killing. CNN Turk said the indictment against the six suspects, including two consulate workers and four other Saudi nationals, was sent to the court to be combined with the main case.
Two of the suspects, a vice consul and an attache, were facing life jail sentences for premeditated murder with monstrous intent, the broadcaster said.
The four others, who CNN Turk said had arrived in Istanbul on Oct. 10-11, 2018, more than a week after the killing, were charged with destroying, concealing or tampering with evidence, which carries a sentence of up to five years in jail.
The Istanbul prosecutor’s office did not immediately provide comment on the media reports.
A Saudi court this month jailed eight people for between seven and 20 years for the murder, four months after Khashoggi’s family forgave his killers and enabled earlier death sentences to be set aside.
(Reporting by Daren Butler and Ali Kucukgocmen; Editing by Dominic Evans and Andrew Cawthorne)
New York
CNN
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Trump Media, the parent company of the former president’s Truth Social, alerted Nasdaq Inc. on Thursday of what the company suspects is illegal activity driving down the price of its shares.
In a letter to the exchange, Devin Nunes, the CEO of Trump Media (DJT), laid out what he believes could be deemed “naked” short selling.
Naked short selling involves someone selling shares they don’t own or have not borrowed. They will often then try to buy shares at a reduced price to cover themselves. This practice is generally illegal. Whereas legitimate short sellers, people who seek to benefit from declines in the value of a company’s shares, borrow the shares before selling.
The letter was made public Friday in a filing with the Securities and Exchange Commission.
Nunes also noted in the letter that shares of the company were on a list the Nasdaq maintains that’s “indicative of unlawful trading activity.”
“This is particularly troubling given that “naked” short selling often entails sophisticated market participants profiting at the expense of retail investors,” he said.
Representatives from Nasdaq and Trump Media did not immediately respond to requests for comment.
The company, which is majority-owned by former President Donald Trump, is down by around 50% from the all-time high it set on March 26, the day after it merged with a blank-check acquisition company to go public.
Shares of company have been on a wild ride since.
Although the company is still worth billions of dollars, it is struggling to make money and needs cash. Experts have warned investors to be careful if they choose to trade the stock, because the company doesn’t have the fundamentals to back up its sky-high valuation.
Trump Media lost $58 million in 2023 and made just $4.1 million in revenue.
Shares of the company ended Friday’s session about 9.6% higher.
This story has been updated with additional developments and context.
CNN’s Nicole Goodkind contributed to this report.
Trump Media & Technology Group said it will issue millions more shares, sending its stock plunging again.
The company behind former President Donald Trump’s Truth Social platform said in a Securities and Exchange Commission filing that it is registering the resale of up to almost 21.5 million new shares of common stock issuable upon the exercise of warrants, up to about 146 million shares of common stock, and up to about 4 million warrants to purchase common stock. Certain shares held by insiders may still be restricted from trading until the expiration of a lock-up agreement 5-6 months after the date of the IPO.
New York
CNN
—
Trump Media, the parent company of the former president’s Truth Social, alerted Nasdaq Inc. on Thursday of what the company suspects is illegal activity driving down the price of its shares.
In a letter to the exchange, Devin Nunes, the CEO of Trump Media (DJT), laid out what he believes could be deemed “naked” short selling.
Naked short selling involves someone selling shares they don’t own or have not borrowed. They will often then try to buy shares at a reduced price to cover themselves. This practice is generally illegal. Whereas legitimate short sellers, people who seek to benefit from declines in the value of a company’s shares, borrow the shares before selling.
The letter was made public Friday in a filing with the Securities and Exchange Commission.
Nunes also noted in the letter that shares of the company were on a list the Nasdaq maintains that’s “indicative of unlawful trading activity.”
“This is particularly troubling given that “naked” short selling often entails sophisticated market participants profiting at the expense of retail investors,” he said.
Representatives from Nasdaq and Trump Media did not immediately respond to requests for comment.
The company, which is majority-owned by former President Donald Trump, is down by around 50% from the all-time high it set on March 26, the day after it merged with a blank-check acquisition company to go public.
Shares of company have been on a wild ride since.
Although the company is still worth billions of dollars, it is struggling to make money and needs cash. Experts have warned investors to be careful if they choose to trade the stock, because the company doesn’t have the fundamentals to back up its sky-high valuation.
Trump Media lost $58 million in 2023 and made just $4.1 million in revenue.
Shares of the company ended Friday’s session about 9.6% higher.
This story has been updated with additional developments and context.
CNN’s Nicole Goodkind contributed to this report.
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