"Brothers Plead Guilty in Insider Trading Scheme Linked to Trump Media Company"

Brothers Michael and Gerald Shvartsman pleaded guilty to coordinating a $23 million insider trading scheme related to the merger of Donald Trump’s social media network with a shell company. Michael, the alleged mastermind, profited $18.2 million and purchased a $14 million luxury yacht, while Gerald made $4.6 million. They face potential prison sentences of four to five years and three to four years, respectively, and may be deported as Canadian citizens. A third man charged in the scheme, Bruce Garelick, is still scheduled to go to trial. Despite the guilty pleas, nobody associated with Trump Media was charged with any wrongdoing.