Three investors in the SPAC that has agreed to take Trump Media & Technology Group public were indicted on charges they used inside information about the deal to make $22 million in illegal trades, Bloomberg reports.
Digital World Acquisition is the SPAC that has signed a deal to merge with Trump Media, which runs Donald Trump’s “Truth Social” network, and take it public.
Michael Shvartsman, the CEO of Rocket One Capital. and his brother Gerald Shvartsman, were named in a federal indictment unsealed Thursday in Manhattan federal court. Bruce Garelick, chief investment officer of Rocket and a member of the DWAC board, was also named. Read more.