Digital World Acquisition Corp Fires CEO Patrick Orlando Amid SEC Investigation

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Digital World Acquisition Corp (DWAC) terminated CEO Patrick Orlando’s employment, citing “unprecedented headwinds” that necessitated a leadership change. The board appointed Eric Swider as interim CEO after investigations by the SEC and federal prosecutors into potential securities fraud related to pre-IPO merger discussions with Trump Media & Technology Group. Orlando had been a key figure in the proposed SPAC merger to take Truth Social public, but remained a director of the company after his removal as CEO.

Sources & Citations

[1] Trump-linked Digital World Acquisition Corp fires CEO Patrick Orlando · Mar 22, 2023 Tier 2

[2] Trump Media Merger Partner DWAC Fires CEO Patrick Orlando · Mar 22, 2023 Tier 1

[3] DWAC fires its CEO amid stalled deal to buy Trump's Truth Social · Mar 22, 2023 Tier 2

Tiers Tier 1 court records & gov docs · Tier 2 established outlets · Tier 3 regional & specialty press · Tier 4 opinion or single-source. Methodology →

Cite this entry

The Cascade Ledger. “Digital World Acquisition Corp Fires CEO Patrick Orlando Amid SEC Investigation.” The Capture Cascade Timeline, March 22, 2023. https://capturecascade.org/event/2023-03-22--patrick-orlando-fired-dwac-ceo-unprecedented-headwinds/