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The Independent UK

National

Oliver O'Connell

Trump Media investors charged in $22m insider trading case

Trump Media DWAC Bruce Garelick Michael Shvartsman Manhattan SPAC

AFP via Getty Images

Three investors in the special purpose acquisition company (SPAC) that took Trump Media public have been indicted for insider trading concerning the deal, making $22m in alleged lillegal trades.

Michael Shvartsman, Gerald Shvartsman and Bruce Garelick were named in a federal indictment unsealed on Thursday (29 June) in Manhattan federal court.

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