{"id":4644,"date":"2023-07-31T12:12:07","date_gmt":"2023-07-31T17:12:07","guid":{"rendered":"https:\/\/nakedpolitics.net\/?p=4644"},"modified":"2023-07-31T12:12:08","modified_gmt":"2023-07-31T17:12:08","slug":"feds-charge-investors-in-trumps-truth-social-with-insider-trading","status":"publish","type":"post","link":"https:\/\/nakedpolitics.net\/?p=4644","title":{"rendered":"Feds Charge Investors in Trump\u2019s Truth Social with Insider Trading"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20370%20247'%3E%3C\/svg%3E\" data-lazy-src=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/07\/image-137.png\" alt=\"\" class=\"zeen-lazy-load-base zeen-lazy-load wp-image-4645\"\/><noscript><img decoding=\"async\" width=\"1020\" height=\"680\" src=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/07\/image-137.png\" alt=\"\" class=\"wp-image-4645\" srcset=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/07\/image-137.png 1020w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/07\/image-137-300x200.png 300w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/07\/image-137-770x513.png 770w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/07\/image-137-370x247.png 370w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/07\/image-137-293x195.png 293w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/07\/image-137-120x80.png 120w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/07\/image-137-240x160.png 240w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/07\/image-137-390x260.png 390w\" sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><\/noscript><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">The Feds charged investors in Trump\u2019s Truth Social with insider trading.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThree people have been charged with illegally trading shares in a shell company that later announced plans to merge with former President Donald Trump\u2019s media venture, Trump Media Technology Group,\u201d CNBC reported.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Michael Shvartsman, Gerald Shvartsman, and Bruce Garelick are accused of pocketing $22 million in profits from insider trading, the DOJ said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">President Trump was not accused of any wrongdoing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">CNBC\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/2023\/06\/29\/three-charged-with-illegal-trading-ahead-of-trump-media-merger.html\" target=\"_blank\">reported<\/a>:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\" style=\"font-size:18px\">\n<p class=\"has-text-align-center wp-block-paragraph\" style=\"font-size:18px\">Three Florida men were charged Thursday with insider trading of a shell company\u2019s stock before it announced plans to merge with a social media firm launched by former President Donald Trump.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\" style=\"font-size:18px\">The men, Michael Shvartsman, Gerald Shvartsman and Bruce Garelick, allegedly netted more than $22 million in illicit profits from trading in shares of Digital World Acquisition Corp.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\" style=\"font-size:18px\">All three were arrested Thursday morning, the Justice Department said.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\" style=\"font-size:18px\">The Securities and Exchange Commission also filed a civil complaint against Garelick, who is a board member of DWAC, the Shvartsmans, who are brothers, and Rocket One Capital LLC, a venture capital firm owned by Michael Shvartsman.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\" style=\"font-size:18px\">The charges do not allege wrongdoing by Trump or any of his family members.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Original Article: <a href=\"https:\/\/nworeport.me\/feds-charge-investors-in-trumps-truth-social-with-insider-trading\/\">https:\/\/nworeport.me\/feds-charge-investors-in-trumps-truth-social-with-insider-trading\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Feds charged investors in Trump\u2019s Truth Social with insider trading. \u201cThree people have been charged with illegally trading shares in a shell company that later announced plans to merge with former President Donald Trump\u2019s media venture, Trump Media Technology Group,\u201d CNBC reported. Michael Shvartsman, Gerald Shvartsman, and Bruce Garelick are accused of pocketing $22 million in profits from insider trading, the DOJ said. President Trump was not accused of any wrongdoing. CNBC\u00a0reported: Three Florida men were charged Thursday with [&hellip;]<\/p>\n","protected":false},"author":54,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-4644","post","type-post","status-publish","format-standard","hentry","category-trump"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts\/4644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4644"}],"version-history":[{"count":1,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts\/4644\/revisions"}],"predecessor-version":[{"id":4646,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts\/4644\/revisions\/4646"}],"wp:attachment":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}