Three Investors In Trump’s Truth Social Indicted By SEC For Insider Trading
Three investors have been indicted by the Securities and Exchange Commission (SEC) for their plans to make Donald Trump’s Twitter alternative Truth Social live. The three men, Michael and Gerald Shvartsman and Bruce Garelick, violated their insider trading rules confidentiality agreement by making $23 million in October 2021 through illegal trading. Neither Trump, his company nor Trump Media & Technology Group Corp, who owns Truth Social, was accused by the SEC of wrongdoing. Trump was recently indicted on 37 federal counts for illegally retaining classified government documents and storing...