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"Brothers Admit Guilt in Trump Media Insider Trading Case"

1 min read
Source: The Hill
"Brothers Admit Guilt in Trump Media Insider Trading Case"
Photo: The Hill
TL;DR

Two brothers, Michael and Gerald Shvartsman, pleaded guilty to securities fraud in connection with a $22 million insider trading scheme related to the merger between Digital World Acquisition Corp. (DWAC) and Trump Media & Technology Group. They illegally traded on nonpublic information about the merger, and face a maximum sentence of 20 years in prison. Another individual, Bruce Garelick, who provided critical information to the brothers, is set to go to trial at the end of the month.

Topics:businesslegalcrime#dwac#insider-trading#legalcrime#securities-fraud#shvartsman-brothers#trump-media
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  1. Brothers plead guilty to insider trading tied to Trump media company  The Hill
  2. Two investors in Trump Media insider trading case plead guilty  CNN
  3. Two plead guilty to insider trading related to Trump Media merger  Reuters
  4. 2 Brothers in Trump Media Insider-Trading Scheme Plead Guilty  The New York Times
  5. Two brothers plead guilty to insider trading scheme linked to Trump’s media business  The Guardian US

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