In a shocking turn of events, it has been revealed that Truth Social’s bank has been spending company funds on prostitutes, drugs, and strippers. The Daily Beast has obtained exclusive documents that show a pattern of reckless spending by executives at the bank responsible for managing Truth Social’s finances.
According to the documents, employees at the bank were using company credit cards to pay for lavish hotel rooms, expensive meals, and even illegal substances. The bank’s executives were reportedly frequenting strip clubs and hiring escorts using company funds, all while racking up tens of thousands of dollars in charges each month.
One former employee, who spoke on the condition of anonymity, described a culture of excess and debauchery at the bank. “It was like a party every day,” they said. “The executives seemed to think that they were above the law and could do whatever they wanted with company funds.”
The documents also reveal that Truth Social’s CEO, Peter Thiel, was aware of the bank’s spending habits but did nothing to stop them. In fact, Thiel himself was allegedly participating in some of the illicit activities, including hiring escorts and using drugs.
When confronted with the evidence, Thiel denied any wrongdoing and claimed that the allegations were part of a smear campaign against him and Truth Social. However, the documents paint a clear picture of a company that is spiraling out of control, with executives using company funds for their own personal gain.
This scandal comes at a time when Truth Social is already facing scrutiny for its handling of user data and its connections to right-wing extremist groups. The revelation that the company’s bank was engaging in illegal activities only adds fuel to the fire and raises questions about the company’s ethical practices.
As the investigation into Truth Social’s bank continues, it remains to be seen what consequences the company will face for its executives’ reckless behavior. But one thing is clear: the truth about Truth Social’s finances is far from what the company claims it to be.
