Two investors have pleaded guilty to an insider trading scheme related to the recent merger involving Trump Media and Technology Group, the parent company behind former President Donald Trump's Truth Social media platform.Damian Williams, the United States Attorney for the Southern District of New York, said on Wednesday that Michael Shvartsman and Gerald Shvartsman have each pleaded guilty to a single sound of securities fraud related to a scheme they concocted to benefit from the merger...
April 7 (UPI) — A Kentucky man has pleaded guilty in a federal court to faking his own death in order to avoid paying about $116,000 in child support to his ex-wife. Jesse Kipf, 38, confessed in court documents filed late last month and obtained by UPI to stealing the identity of a doctor living in […] The post Kentucky man pleads guilty to faking death to avoid child support first appeared on Gephardt Daily.
Two brothers pleaded guilty in federal court Wednesday for their roles in a $22 million insider trading scheme connected to the company that took former President Trump’s social media company public. Florida venture capitalist Michael Shvartsman, 53, and his brother, Gerald, 46, each pleaded guilty to one count of securities fraud, which carries a maximum []
A former pharmaceutical executive and his cousin pleaded guilty on Wednesday to insider trading in Eastman Kodak, based on tips that the company was arranging a surprise $765 million loan from the Trump administration to make drug ingredients. Andrew Stiles and Gray Stiles each admitted to one count of securities fraud at a hearing before U.S. District Judge Ronnie Abrams in Manhattan. Both defendants were accused of buying Kodak shares in anticipation of the U.S. International Development...
A former pharmaceutical executive and his cousin pleaded guilty on Wednesday to insider trading in Eastman Kodak, based on tips that the company was arranging a surprise $765 million loan from the Trump administration to make drug ingredients. Andrew Stiles and Gray Stiles each admitted to one count of securities fraud at a hearing before U.S. District Judge Ronnie Abrams in Manhattan. Both defendants were accused of buying Kodak shares in anticipation of the U.S. International Development...
A former pharmaceutical executive and his cousin pleaded guilty on Wednesday to insider trading in Eastman Kodak, based on tips that the company was arranging a surprise $765 million loan from the Trump administration to make drug ingredients. Andrew Stiles and Gray Stiles each admitted to one count of securities fraud at a hearing before U.S. District Judge Ronnie Abrams in Manhattan. Both defendants were accused of buying Kodak shares in anticipation of the U.S. International Development...
Florida venture capitalist Michael Shvartsman and his brother Gerald Shvartsman pleaded guilty on Wednesday to participating in an insider trading scheme linked to the blockbuster deal that brought former President Donald Trump’s social media business public. Each of the brothers pleaded guilty in New York to one count of securities fraud, which carries a maximum sentence of 20 years in prison, according to federal prosecutors. The two brothers were arrested in June and charged with illegally...
Two brothers pleaded guilty on Wednesday to insider trading in securities in the company that ultimately took former President Donald Trump’s media business public. According to federal prosecutors in New York, Michael Shvartsman, 53, and Gerald Shvartsman,
April 3 (UPI) — On Wednesday, two men pleaded guilty to illegal insider trading linked to a deal that took Trump Media and Technology Group public. Michael Shvartsman and his brother Gerald Shvartsman pleaded guilty to securities fraud. They each face prison sentences of up to 20 years for making more than $22 million in illegal […] The post 2 investors plead guilty to insider trading linked to Trump Media deal first appeared on Gephardt Daily.
Michael and Gerald Shvartsman said in court that they knew what they were doing was wrong when they traded on nonpublic information.
Michael and Gerald Shvartsman made more than $22 million in an insider trading scheme related to the planned merger of Trump Media and a shell company.
Two brothers who helped fund former President Trump's now-public social media company pleaded guilty Wednesday to insider trading.