See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Florida brothers plead guilty in NYC to $22M Trump Media insider trading scheme

Posted on AllSides April 4th, 2024
From The Left

A pair of Florida brothers pleaded guilty to insider trading charges, admitting they pocketed millions of dollars by illegally swapping secrets about the recent money-making merger that saw Donald Trump’s media outfit go public. Michael Shvartsman, 53, and Gerald Shvartsman, 46, admitted Wednesday in Manhattan Federal Court that they collectively made more than $22 million trading non-public information about the merger between Digital World Acquisition Corp. and Trump Media & Technology Group in 2021. Manhattan U.S. Attorney Damian Williams said the Shvartsman brothers saw an opportunity to make a fat...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

More News about General News from the Left, Center and Right

From the Left

From the Center

From the Right