The Securities and Exchange Commission has filed charges against Bruce Garelick, a former board member of Digital World Acquisition Corp., and two others with trading on inside information that DWAC had reached an agreement to acquire Trump Media & Technology Group.
The SEC alleges that Garelick learned about DWAC’s plans to acquire a company owned by former President Donald Trump, and which operates the social media platform Truth Social, after voting on the move as a member of DWAC’s board.
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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.
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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.
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Ivanka Trump dismissed from New York fraud lawsuit against Trump family businessThe New York attorney general’s claims against the former president’s daughter are too old, an appeals court ruled.
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