Truth Social app. Credit: Michelangelo Oprandi/Adobe Stock Brothers Plead Guilty to Securities Fraud Involving Proposed 2021 Trump SPAC Merger
Each pleaded guilty to one count of securities fraud. The remaining defendant in the case, former DWAC board member Bruce Garelick, has pleaded not guilty to securities fraud charges.
April 03, 2024 at 05:03 PM
2 minute read
White Collar Crime
A pair of brothers pleaded guilty in Manhattan federal court Wednesday to participating in a $22 million insider trading scheme involving the proposed 2021 SPAC merger of Digital World Acquisition Corp. with former President Donald Trump's media company, Trump Media & Technology Group.
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