Michael Shvartsman

Shvartsman Brothers and Bruce Garelick Charged in $22.9 Million DWAC Insider Trading Scheme

2023-06-29 00:00:00 +0000 UTC | Importance: 8/10

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 Shvartsman Gerald Shvartsman Bruce Garelick Rocket One Capital Southern District of New York +1 more insider-trading spac-fraud dwac rocket-one-capital financial-networks +1 more

FBI Arrests Three in "Trust Social" Investigation for DWAC Insider Trading

2023-06-29 00:00:00 +0000 UTC | Importance: 9/10

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 Shvartsman Gerald Shvartsman Bruce Garelick FBI HSI +3 more dwac insider-trading fbi-arrests trust-social-investigation truth-social +2 more