“Digital World Acquisition Corp, a SPAC, today announced that Eric Swider, a member of DWAC’s Board of Directors (the ‘Board’) since DWAC’s IPO, has been appointed interim Chief Executive Officer, effective immediately. Mr Swider succeeds Patrick Orlando, who was terminated from his positions as CEO and Chairman of the Board after having served for the past 1.5 years.”
“As the Board executes its succession plan, it looks forward to a fully realigned management team to best meet the challenges the Company faces,” says a press release from Digital World Acquisition Corp, the scam company set up to acquire Trump Media and Technology Group. Orlando, reportedly under federal investigation for securities fraud since 2021, will remain on the board probably because forcing him to dump his shares would tank DWAC’s stock price even lower.