(CNBC) A federal jury in New York on Thursday convicted an investor of insider trading in the stock of a shell company ahead of its announcement in October 2021 that it would merge with Trump Media. The investor, Bruce Garelick, had been on the board of directors of the publicly traded company, Digital World Acquisition Corp., at the time he was accused of sharing and exploiting non–public information with others about its plans to merge with then-privately held Trump Media, the owner of the Truth Social app.
Trump Media investor convicted of insider trading ahead of merger
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