Trump Media insider trading: Shvartsman sentencing memos

Prosecutors are seeking prison sentences for brothers Michael and Gerald Shvartsman for insider trading in a blank-check company’s securities prior to its merger with Trump Media. Michael, facing 46-57 months in prison, made $18 million in profits, while Gerald, facing at least two years, earned $4.6 million. The brothers, both non-U.S. citizens, pled guilty in April, with a third defendant convicted by a jury, and await sentencing for their roles in the scheme.

Full Article