I reported an April SEC filing showed Bondi as an investor in Trump Media & Technology Group with 106,250 shares and 31,250 warrants to purchase common stock - worth over $3.6 million based on recent DJT price (her brother advised DWAC on the merger deal)
Bankruptcy filings reveal newly reported info on a large shareholder of Donald Trump's Trump Media DJT stock. Filings also reveal entities affiliated with the DJT investor allegedly conducted naked short selling (a practice prohibited in US) causing tens of millions in losses to partners, my latest:
#Trump #DonaldTrump #DJT #DWAC #PatrickOrlando #TrumpMedia #TMTG
Investor Gets Prison Time For Trump Media Insider Trading Scheme
Gerald Shvartsman sentenced to almost two years in prison after pleading guilty to a $22 million insider trading scheme involving the effort to take Trump Media & Technology Group public
Sentencing for his brother Michael is scheduled for Thursday and associate Bruce Garelick (former director of DWAC which merged w/Trump Media) will be sentenced Nov 7
Financier Found Guilty in Trump Media Insider Trading Trial
Bruce Garelick was convicted of securities fraud for leaking confidential info about merger involving parent company of Trump's Truth Social to Michael and Gerald Shvartsman who made $23mil - both pleaded guilty to securities fraud.
Garelick was a former board member of Digital World Acquisition Corp which recently merged with Trump Media & Technology Group.
Trial began Tues for Bruce Garelick - charged with enabling boss Michael Shvartsman at Rocket One and others to make millions illegally on inside info that acquisition firm DWAC was taking Trump Media public
Garelick made about $50,000 from DWAC trades, Michael Schvartsman made $18 mil, Gerald Shvartsman made $5mil - Shvartsmans both pled guilty
Russian born FL businessman Anton Postolnikov made $22mil (not charged)
#BruceGarelick #MichaelShvarstman #DWAC #TrumpMedia
https://www.cnbc.com/2024/05/01/trump-media-insider-trading-trial-begins-in-new-york-.html
#Trump Media & Tech stock fell 18%, erasing hundreds of millions from its *market value* — & putting a dent in Trump’s majority stake, worth >$3B. Since a surge in its 1st days of trading as #TrumpMedia, which lifted the value of the co to ~$8B at one point, the company’s shares have dropped by >50%.
Trump Media was expected to register the potential sale of new shares after the completion of its merger w/ #DWAC, a #ShellCompany known as a #SPAC.
The Hacking Lawsuit Looming Over Trump's Truth Social
In a lawsuit filed in Florida by Patrick Orlando, the founding CEO of DWAC (the company that merged with Trump Media) Orlando accused his former assistant Alexander Cano of hacking his accounts as part of a coup d'état by Eric Swider who replaced him as CEO
The #Hacking Lawsuit Looming Over #TruthSocial
The founding CEO of #DWAC has accused his former assistant of hacking into his accounts as part of a “coup d'état,” the latest legal mess for Truth Social.
#Trump #djt
AND
He changed his plea to #GUILTY
2 Brothers in #TrumpMedia #InsiderTrading Scheme Plead Guilty
Gerald & #MichaelShvartsman, who had originally pleaded not guilty to #securities #fraud charges, each pleaded guilty to one count of #SecuritiesFraud.
#Trump #criminal #law #NationalSecurity #Russia #PaxumBank #DWAC #MoneyLaundering #SEC #FDIC
https://www.nytimes.com/2024/04/03/business/trump-media-insider-trading-guilty.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=c-cb
Wendy Siegelman
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