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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...

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https://nydailynews.com/2024/04/04/florida-brothers-plead-guilty-in-nyc-to-22m-trump-media-insider-trading-scheme

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