Trump Media investor convicted of insider trading ahead of merger
Publishing timestamp: 2024-05-09 14:36:13
Summary
A New York federal jury convicted investor Bruce Garelick of insider trading in DWAC stock ahead of its merger announcement with Trump Media. Garelick shared non-public information with others and made a profit, while his co-defendants earned millions. Trump Media's majority shareholder, former President Donald Trump, was not accused of any wrongdoing. The SEC also charged Trump Media's auditor with fraud.
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Keywords: trump media & technology group corp, laws, new york, corruption, social media, breaking news: politics, crime, business, donald trump, collusion, politics, securities fraud, business news, damian williams,