Two investors in Trump Media insider trading case plead guilty
Two investors in Trump Media insider trading case plead guilty

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Two investors in Trump Media insider trading case plead guilty | CNN Business

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.