Shvartsman brothers plead guilty to insider trading on Trump Media merger plans
Publishing timestamp: 2024-04-03 13:42:21
Summary
Two Florida brothers pleaded guilty to insider trading charges related to their purchase and sale of securities of a company that eventually merged with Donald Trump's social media firm. They earned over $22 million in illegal profits by trading in DWAC securities after learning of non-public information about the merger. Another defendant in the case, a former DWAC board member, has pleaded not guilty. No one associated with Trump Media has been accused of wrongdoing. The brothers are scheduled to be sentenced in July.
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Keywords: laws, donald trump, trump media & technology group corp, crime, securities fraud, collusion, politics, business news, breaking news: politics, business, corruption, damian williams, social media,
Source: https://www.cnbc.com/2024/04/03/brothers-plead-guilty-to-trump-media-merger-insider-trading.html