Three Florida men, investors in Donald Trump’s media company, were charged for reaping $22 million from illegal trading.
Three Florida Men Accused of Illegal Trading After Leaking Confidential Information of Trump’s Media Company
Three Florida men identified as Gerald Shvartsman, Michael Shvartsman, and Bruce Garelick—investors in Trump’s media company—were accused of illegal trading after they leaked confidential information during a vacation with their friends.
According to a report from Daily News, the three Florida men allegedly reaped $22 million from the illegal trading they conducted after spending millions to invest in the social media company owned by the former president.
The Florida men reportedly shared confidential information with others and sold their stocks illegally, which was considered cheating and could lead people to jail—probably what will happen to the three Florida men if convicted.
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Three Florida Men Face Charges After Allegedly Reaping Millions from Illegal Trading in Trump’s Media Company
The three Florida men faced fraud-related charges after allegedly reaping millions in profit from illegal trading conducted in the company, which can lead to the Florida men receiving 20 year-sentence.
Authorities are now working on the case to investigate who among the investors aside from the three Florida men are involved in corruption, which could affect the operation of the media company.
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