Reported about 1 month ago
Gerald Shvartsman, an investor linked to Donald Trump's social media company, has been sentenced to 22 months in prison for insider trading. He misused confidential information regarding Digital World Acquisition Corp.'s merger plans with Trump's Truth Social platform, profiting over $22 million before the deal was publicized. The judge emphasized the need for a prison sentence to deter similar financial misconduct, stating that insider trading undermines trust in the market.
Source: YAHOO