Investors plead guilty to insider trading in Trump Media deal
Raw Story -

Two investors have pleaded guilty to an insider trading scheme related to the recent merger involving Trump Media and Technology Group, the parent company behind former President Donald Trump's Truth Social media platform.Damian Williams, the United States Attorney for the Southern District of New York, said on Wednesday that Michael Shvartsman and Gerald Shvartsman have each pleaded guilty to a single sound of securities fraud related to a scheme they concocted to benefit from the merger...

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  • 2 investors plead guilty to insider trading linked to Trump Media deal

    April 3 (UPI) — On Wednesday, two men pleaded guilty to illegal insider trading linked to a deal that took Trump Media and Technology Group public. Michael Shvartsman and his brother Gerald Shvartsman pleaded guilty to securities fraud. They each face prison sentences of up to 20 years for making more than $22 million in illegal […] The post 2 investors plead guilty to insider trading linked to Trump Media deal first appeared on Gephardt Daily.

  • Two investors in Trump Media insider trading case plead guilty

    Florida venture capitalist Michael Shvartsman and his brother Gerald Shvartsman pleaded guilty on Wednesday to participating in an insider trading scheme linked to the blockbuster deal that brought former President Donald Trump’s social media business public. Each of the brothers pleaded guilty in New York to one count of securities fraud, which carries a maximum sentence of 20 years in prison, according to federal prosecutors. The two brothers were arrested in June and charged with illegally...

  • Brothers plead guilty to insider trading tied to Trump media company

    Two brothers pleaded guilty in federal court Wednesday for their roles in a $22 million insider trading scheme connected to the company that took former President Trump’s social media company public. Florida venture capitalist Michael Shvartsman, 53, and his brother, Gerald, 46, each pleaded guilty to one count of securities fraud, which carries a maximum []