A now-public social media company pleaded guilty Wednesday to insider trading. Michael Shvartsman and Gerald Shvartsman made millions by trading in shares of Digital World Acquisition Corporation before it merged with Trump Media, according to federal prosecutors in New York. Each of them faces up to 20 years in prison when they're sentenced in July, but prosecutors agreed to recommend a sentence of about three years.
'Michael and Gerald Shvartsman admitted in court that they received confidential, inside information about an upcoming merger between DWAC and Trump Media, and used that information to make profitable, but illegal, open-market trades,' said U.S. Attorney Damian Williams. 'Insider trading is cheating, plain and simple.
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Trump's Social Media Company Will Go Public After Merger With Shell Company Is ApprovedBut Trump wouldn't be able to immediately cash out his windfall.
Источник: HuffPostParents - 🏆 414. / 53 Прочитайте больше »
Truth Social parent company Trump Media & Technology Group to become publicly traded companyEXCLUSIVE: Shareholders voted Friday to make Trump Media & Technology Group, the parent company of Truth Social, a publicly traded entity, Fox News Digital has learned.
Источник: FoxBusiness - 🏆 458. / 53 Прочитайте больше »
Baby gear company defends social media post about 'smashing' gender stereotypes after angry parents reactBaby gear company Stokke drew backlash from parents who lashed out at the company on Instagram after they posted about breaking gender stereotypes with babies.
Источник: FoxBusiness - 🏆 458. / 53 Прочитайте больше »
Trump’s social media company set to go public, potentially bringing him a windfallDonald Trump would own most of the company, and the total value of his stake could surpass $3 billion.
Источник: adndotcom - 🏆 293. / 63 Прочитайте больше »
Trump social media company will go public as DWAC shareholders approve mergerDonald Trump faces a looming $454 million fraud judgment in New York that state Attorney General Letitita James could start collecting on next week.
Источник: NBCPhiladelphia - 🏆 569. / 51 Прочитайте больше »