Insider Trading Charges Filed Against Digital World Investors in Truth Social Deal

Three investors, including a former board member, have been charged with insider trading and making $22 million in illegal profits by using confidential information about the planned merger between Digital World Acquisition and Trump Media & Technology Group. The men bought Digital World shares before the merger announcement and sold them at a significant profit after the stock price soared. Digital World's shares have since plummeted, and the merger has been delayed due to ongoing federal investigations. The charges carry maximum sentences of up to 25 years in prison.