Brothers Plead Guilty to Insider Trading in Trump Media Merger

  • 📰 ABC
  • ⏱ Reading Time:
  • 1 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Business Nyheter

Brothers,Guilty,Insider Trading

Michael and Gerald Shvartsman admitted to using confidential information about the merger between Digital World Acquisition Corporation and Trump Media to make illegal trades and earn millions. They face potential prison sentences of up to 20 years.

Michael 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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 471. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

2 brothers who helped fund Trump Media company plead guilty to insider tradingTwo brothers who helped fund former President Trump's now-public social media company pleaded guilty Wednesday to insider trading.
Källa: abc13houston - 🏆 255. / 63 Läs mer »

Shvartsman brothers plead guilty to insider trading on Trump Media merger plansMichael and Gerald Shvartsman made more than $22 million in an insider trading scheme related to the planned merger of Trump Media and a shell company.
Källa: NBCNewYork - 🏆 270. / 63 Läs mer »

Michael and Gerald Shvartsman plead guilty to insider trading charges related to Trump media companyTwo Florida brothers pleaded guilty Wednesday to insider trading charges, admitting making over $22 million illegally before the public announcement in 2021 that an acquisition firm was taking former President Donald Trump's media company public.
Källa: WashTimes - 🏆 235. / 63 Läs mer »