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Fortune

Jessica Mathews

Truth Social’s latest hurdle to going public: An insider trading scandal

Truth Social Bruce Garelick Michael Shvartsman SPAC Donald Trump Digital World Term Sheet

(Credit: Leon Neal—Getty Images)

This is the year to get arrested and charged with federal crimes apparently.

Elizabeth Holmes is behind bars. Sam Bankman-Fried is under house arrest. MoviePass’s Ted Farnsworth was arrested. Frank’s Charlie Javice has been indicted. And yesterday, a venture capitalist who was one of the Trump SPAC board members—as well as two others—were arrested and charged with insider trading.

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