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Three charged with insider trading in Trump-linked company By Reuters

by Index Investing News
June 29, 2023
in Stocks
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© Reuters.

NEW YORK (Reuters) – U.S. prosecutors on Thursday charged three men with insider trading in connection with a special-purpose acquisition company seeking to merge with a media and technology company founded by former U.S. President Donald Trump.

Michael Shvartsman, Gerald Shvartsman and Bruce Garelick allegedly made more than $22 million trading in Digital World Acquisition Corp based on tips about its forthcoming combination with Trump Media & Technology Group, prosecutors said.

Neither Trump nor his company was charged.



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Tags: chargedCompanyinsiderReuterstradingTrumplinked
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