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Published 2 months ago

Investor in company that took Trump Media public pleads guilty to insider trading

  • The Shvartsmans were found guilty of insider trading related to a merger plan involving Trump Media.
  • The brothers are facing sentencing in July, with Michael potentially receiving 41 to 51 months in prison, and Gerald facing 33 to 41 months.
  • Trump Media's parent company revealed a $58 million loss, while being embroiled in legal battles with co-founders in Delaware and Florida.
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