N.Y. U.S. Attorney: Two Individuals Plead Guilty to Participating in Insider Trading Scheme Based on SPAC Merger With Trump Media & Technology Group
April 03, 2024
April 03, 2024
NEW YORK, April 3 -- The office of the U.S. Attorney for the Southern District of New York issued the following news release:
Damian Williams, the United States Attorney for the Southern District of New York, announced today that MICHAEL SHVARTSMAN and GERALD SHVARTSMAN each pled guilty to one count of securities fraud, both in connection with their participation in an insider trading scheme surrounding the merger of Digital World Acquisition Corporation ("DWAC") with Trum . . .
Damian Williams, the United States Attorney for the Southern District of New York, announced today that MICHAEL SHVARTSMAN and GERALD SHVARTSMAN each pled guilty to one count of securities fraud, both in connection with their participation in an insider trading scheme surrounding the merger of Digital World Acquisition Corporation ("DWAC") with Trum . . .