"Trump Media Investors Plead Guilty to Insider Trading"

1 min read
Source: Bloomberg
"Trump Media Investors Plead Guilty to Insider Trading"
Photo: Bloomberg
TL;DR Summary

Two investors in the blank-check company that took Donald Trump’s social media startup public pleaded guilty to securities fraud less than a month before trial. The brothers, who initially denied wrongdoing, changed their pleas at a hearing in Manhattan. They were early investors in Digital World Acquisition Corp., which recently completed a merger with Trump Media & Technology Group Corp.

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