Trump Media & Technology Group Corp. (TMTG) CEO and Chairman Devin Nunes on Thursday accused former special counsel Jack Smith of wielding "a shockingly broad, secret subpoena" for TMTG's banking records despite the company not even existing at the time of his underlying investigation.
"[TMTG] was among the more than 400 Trump-linked individuals and organizations that were spied on as part of Special Counsel Jack Smith's investigation of President Donald Trump — specifically, the Smith team issued a shockingly broad, secret subpoena for our banking records," Nunes said in a statement on Truth Social.
"This is a stunning abuse of power against a private business and our hundreds of thousands of retail investors, especially since Trump Media did not even exist at the time of the events Jack Smith was supposedly investigating."
Nunes called for answers from both the Securities and Exchange Commission (SEC) and JPMorgan Chase & Co. on whether they were aware of the subpoena and whether bank records were leaked.
According to the subpoena issued to JPMorgan Chase — images of which Nunes shared on the social media platform — the demand covers "any and all records in your possession, custody, or control for all accounts and/or trust accounts in the name of, bearing the signatory authority of, or with the ability to be accessed by the named parties below," listing TMTG among the named entities.
The subpoena spans the time period from Sept. 1, 2020, to Oct. 31, 2021, and requests an extensive array of records including checking and savings account statements and opening documents, wire transfers, ACH payments, credit/debit memos, loan and mortgage documents, safe-deposit box records, debit card transaction histories, IP addresses, cookie data, and other account inquiry metadata.
The instructions also mandated the production of deleted electronic documents, metadata, and encryption keys.
Meanwhile, Smith's investigation, initiated by Attorney General Merrick Garland in November 2022, has drawn intense scrutiny. The probe encompassed Trump's handling of classified documents, efforts to overturn the 2020 election, and alleged obstruction, among other matters.
In recent weeks, the Senate Judiciary Committee released documents showing Smith's team issued 197 subpoenas covering at least 430 individuals and entities as part of an investigation dubbed "Arctic Frost."
GOP lawmakers have accused Smith of improperly targeting members of Congress and others; Smith's counsel nonetheless defended the approach as "entirely proper and lawful."
The inclusion of TMTG on that broad sweep, according to the company, raises fundamental questions:
- When were JPMorgan and the SEC aware of the subpoena?
- Did any of their personnel leak bank records?
- Why was a company formed after the period of investigation subject to such an expansive demand?
TMTG's statement emphasizes that its "hundreds of thousands of retail investors" now face fallout from what the firm says is undue and politically motivated scrutiny.
As the fallout continues, attention will focus on whether any further disclosures emerge about the scope of Smith's subpoenas, how banks responded, and whether TMTG or its investors will seek legal redress.
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