Trump Media SPAC insider trading defendant hit with new money laundering count
Publishing timestamp: 2024-02-07 15:15:00
Summary
A man charged with insider trading related to a planned merger between a shell company and Donald Trump's social media firm has been hit with a new money laundering count. He allegedly used over $12 million in profits from illicit sales to buy a luxury yacht. The man and two others were previously indicted on securities fraud charges for their sale of securities related to the merger. The new indictment details money transfers and alleges that the man took steps to conceal the source of funds used to purchase the yacht.
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Keywords: donald trump, breaking news: politics, business, collusion, business news, securities fraud, crime, laws, breaking news: markets, politics, corruption, digital world acquisition corp, markets,