These Democratic Megadonors Made a $108 Million ‘Lucky Bet’ on Wall Street. Now the Feds Are Investigating.
Posted on AllSides March 11th, 2022
From The Right
ANALYSIS
Federal authorities are investigating three Democratic megadonors who made an enormous bet on shares of Activision Blizzard just days before Microsoft agreed in January to acquire the video game company for $69 billion.
The U.S. Justice Department and the Securities and Exchange Commission are both looking into the suspiciously timed trading activity of Barry Diller, owner of the Daily Beast, his stepson Alex von Fürstenberg, and his friend David Geffen, a longtime Democratic donor who gave $500,000 to the scandal-plagued Lincoln Project in 2020.
"Suspicious" is perhaps too generous a word to...
