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Trial begins for financial executive in insider trading case tied to taking Trump media firm public

An insider trading trial has begun for a financial executive charged with enabling his boss and others to make millions of dollars illegally on news that an acquisition firm was taking former President Donald Trump's media company public. In an opening statement, Assistant U.S. Attorney Elizabeth Hanft on Tuesday accused Bruce Garelick of tipping off his boss and friends to news that the special purpose acquisition company, Digital World Acquisition Corp., was merging with Trump Media &...
United States Sunny Isles Beach Rhode Island Donald Trump Jonathan Bach Bruce Garelick
Source: kob.com

Trump social media firm's rising shares pressure short-sellers, S3 says

NEW YORK : Short-sellers in Trump Media & Technology Group are feeling the heat from the recent rally in the company's stock and the higher cost of borrowing its shares, analytics firm S3 Partners said. Shares of the company, which operates former President Donald Trump's social media firm Truth Social, j
United States Ihor Dusaniwsky Adena Friedman Donald Trump Trump Media Technology Group Trump Media

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