Trump Media Investors Indicted for Insider Trading Crimes.

[Poor Richard Saunders]

https://www.washingtonpost.com/technology/2023/06/29/truth-social-insider-trading-charges/

Bruce Garelick, Gerald Shvartsman and Michael Shvartsman were arrested in south Florida on Thursday morning on multiple counts of securities fraud, officials with the Southern District of New York said in a statement. The Securities and Exchange Commission separately charged the men with insider trading.

The men made millions in illegal trades after being told in September 2021 that the firm, Digital World Acquisition, had plans to merge with Trump Media & Technology Group, the owner of Trump’s social network Truth Social, but before the news was publicly announced the next month.

People associated with Trump charged with a crime? Say it ain't so.

I feel bad for all those poor Trump followers that bought Trump Media at $150 per share. Good news is, they may get their $20 back minus whatever was grifted.