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Three charged with insider trading tied to merger with Donald Trump’s Truth Social parent company

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Michael Shvartsman, Gerald Shvartsman and Bruce Garelick allegedly made more than $22 million trading in Digital World Acquisition based on tips about its planned combination with Trump Media &…

Michael Shvartsman, Gerald Shvartsman and Bruce Garelick allegedly made more than $22 million trading in, or SPAC, based on tips about its planned combination with Trump Media & Technology Group.

Prosecutors said the alleged scheme began after the defendants invested in DWAC and Garelick became a director.

 

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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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