News Formal

Investors charged with insider trading in Trump Media merger deal

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Three investors in the blank-check firm working to take former president Trump’s media company public were charged with using insider information to make $22 million in illegal profits, federal prosecutors said Thursday.

It’s unclear whether other charges could arise from the probes by the SEC or the U.S. attorney’s office. Digital World had noted investigations by both agencies in SEC filings in recent months.

A former Trump Media executive, Will Wilkerson, has shared internal documents with the SEC and the SDNY as part of a whistleblower case Digital World and other special purpose acquisition companies, known as SPACs, raise money from investors for the purpose of finding and merging with a company they intend to take public.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 95. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Feds charge three with illegal trading ahead of Trump Media merger announcementMichael Shvartsman, Gerald Shvartsman, and Bruce Garelick allegedly 'made more than $22 million dollars in illegal profits.
La source: CNBC - 🏆 12. / 72 Lire la suite »

3 men who funded Trump-acquired social media company charged with insider tradingThree men who funded the company that became Donald Trump's Truth Social platform have been charged with insider trading.
La source: ABC - 🏆 471. / 51 Lire la suite »