3 charged in insider trading case related to taking Trump media firm public, accused of making $22M - LocalNews8.com - KIFI Skip to content Skip to Content

3 charged in insider trading case related to taking Trump media firm public, accused of making $22M

KIFI

By LARRY NEUMEISTER and BERNARD CONDON
Associated Press

NEW YORK (AP) — Three Florida men have been charged with making $22 million illegally by insider trading ahead of the public announcement that an acquisition firm was going to take ex-President Donald Trump’s media company public. The charges were outlined Thursday in papers unsealed in federal court in New York and do not implicate Trump in any way. The court papers say the men were invited to invest in Digital World Acquisition Corp. and were provided confidential information about it and another special purpose acquisition company, Benessere Capital Acquisition Corp. Court papers say the men were told a potential target of the acquisition companies was Trump Media & Technology Group, which owns Trump’s Truth Social platform.

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