• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Mar-a-Lago raided by the FBI

On Monday night, Trump said that the FBI has raided his home at Mar-a-Lago in Florida, according to NBC News.

Trump also said that the FBI broke into his safe and the search was politically motivated.

“These are dark times for our Nation, as my beautiful home, Mar-a-Lago in Palm Beach, Florida, is currently under siege, raided, and occupied by a large group of FBI agents,” he said in an email statement issued by his Save America political committee.

“After working and cooperating with the relevant Government agencies, this unannounced raid on my home was not necessary or appropriate.”

A source with knowledge of the situation told NBC News that the search was related to classified information that Trump allegedly brought from the White House to Mar-a-Lago in January 2021.

Find a financial adviser in minutes

Are you confident in your retirement savings? Get advice on your investment portfolio from a certified professional through WiserAdvisor. It only takes 5 minutes to connect with an adviser who puts you first.

Get Started

What now

How does the news have anything to do with Digital World Acquisition Corp?

Well, DWAC is a special purpose acquisition company (SPAC) that is expected to merge with Trump’s social media platform Truth Social. The platform launched in February of this year.

According to DWAC’s SEC filing earlier this month, the blank check company is asking for a one-year extension to complete the merger.

Both the Justice Department and the FBI declined to comment on Trump’s statement. But as the story unfolds, DWAC shares are certain to see more action ahead.


Follow These Steps if you Want to Retire Early

Secure your financial future with a tailored plan to maximize investments, navigate taxes, and retire comfortably.

Zoe Financial is an online platform that can match you with a network of vetted fiduciary advisors who are evaluated based on their credentials, education, experience, and pricing. The best part? - there is no fee to find an advisor.

About the Author

Jing Pan

Jing Pan

Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

What to Read Next


The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.