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Trump Media investors charged in $22m insider trading case

2023-06-29 15:06
Three investors in the special purpose acquisition company (SPAC) that took Trump Media public have been indicted for insider trading concerning the deal, making $22m in illegal trades. Michael Shvartsman, Gerald Shvartsman and Bruce Garelick were named in a federal indictment unsealed on Thursday (29 June) in Manhattan federal court. All three were charged with trading in securities of Digital World Acquisition Corporation (DWAC) based on non-public information about the company’s planned business combination with Trump Media & Technology Group — founded by former President Donald Trump — the parent company of social media platform Truth Social. All three were arrested this morning in Florida. More follows… Read More 3 charged in insider trading case related to taking ex-President Donald Trump's media company public White House reveals Biden uses CPAP machine for sleep apnea Jesse Watters confuses Ukraine and Iraq in attempt to mock Biden
Trump Media investors charged in $22m insider trading case

Three investors in the special purpose acquisition company (SPAC) that took Trump Media public have been indicted for insider trading concerning the deal, making $22m in illegal trades.

Michael Shvartsman, Gerald Shvartsman and Bruce Garelick were named in a federal indictment unsealed on Thursday (29 June) in Manhattan federal court.

All three were charged with trading in securities of Digital World Acquisition Corporation (DWAC) based on non-public information about the company’s planned business combination with Trump Media & Technology Group — founded by former President Donald Trump — the parent company of social media platform Truth Social.

All three were arrested this morning in Florida.

More follows…

Read More

3 charged in insider trading case related to taking ex-President Donald Trump's media company public

White House reveals Biden uses CPAP machine for sleep apnea

Jesse Watters confuses Ukraine and Iraq in attempt to mock Biden