Published 4 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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The Guardian

Two brothers plead guilty to insider trading scheme linked to Trump’s media business

Head of Rocket One and brother were charged with trading on inside information about Trump group’s plan to go public

4 months ago·London, United Kingdom

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The Independent

Two investors in Trump Media insider trading scheme plead guilty

Michael and Gerald Shvartsman made more than $22m in 2021 by trading securities based on material non-public information

4 months ago·London, United Kingdom

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Reuters

Two plead guilty to insider trading related to Trump Media merger

Two men pleaded guilty on Wednesday to insider trading in securities in the company that ultimately took former U.S. President Donald Trump's media business public.

4 months ago·United Kingdom

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NDTV

2 Plead Guilty To Insider Trading Related To Trump Media Merger

Two men pleaded guilty on Wednesday to insider trading in securities in the company that ultimately took former US President Donald Trump's media business public. Michael Shvartsman, 53, head of Miami-based venture capital firm Rocket One Capital, and his brother Gerald Shvartsman, 46, each pleaded guilty to one count of securities fraud before US District Judge Lewis Liman in Manhattan. Rocket One's chief investment officer, Bruce Garelick, is …

4 months ago·New Delhi, India

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Associated Press News

Two Florida men plead guilty to insider trading charges related to taking Trump media firm public

Two Florida brothers have pleaded guilty to insider trading charges, admitting they made over $22 million illegally before the 2021 public announcement that an acquisition firm was taking former President

4 months ago·United States

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