Federal prosecutors and the SEC charged Michael Shvartsman, Gerald Shvartsman, and Bruce Garelick with securities fraud in a $22.9 million insider trading scheme centered on the DWAC-Trump Media merger. Bruce Garelick, a former DWAC board member and chief strategy officer at Rocket One Capital, …
Michael ShvartsmanGerald ShvartsmanBruce GarelickRocket One CapitalSouthern District of New York+1 moreinsider-tradingspac-frauddwacrocket-one-capitalfinancial-networks+1 more
FBI and HSI agents arrested Michael Shvartsman, Gerald Shvartsman, and Bruce Garelick on June 29, 2023, for an insider trading scheme related to Digital World Acquisition Corp (DWAC), which was set to merge with Trump Media & Technology Group. The defendants allegedly made over $22 million in …
Michael ShvartsmanGerald ShvartsmanBruce GarelickFBIHSI+3 moredwacinsider-tradingfbi-arreststrust-social-investigationtruth-social+2 more
Digital World Acquisition Corp (DWAC), a special purpose acquisition company, announced its agreement to merge with Trump Media & Technology Group Corp (TMTG), bringing Trump’s Truth Social platform public. The announcement triggered massive trading volume and price volatility, with DWAC …
Donald TrumpDigital World Acquisition CorpTrump Media & Technology GroupSECBruce Garelick+1 morespac-fraudtruth-socialdwacregulatory-capturetrump-media+1 more