Insider Trading Trial Begins for Trump Media Executive
The trial of Bruce Garelick, accused of insider trading linked to Trump Media's public offering, commenced in New York.
- Bruce Garelick is charged with sharing non-public information about a merger involving Trump Media, leading to significant illegal profits.
- Co-defendants Michael and Gerald Shvartsman have pleaded guilty, with profits over $23 million from the insider trading.
- Defense argues Garelick is innocent, emphasizing his ethical conduct and minimal personal gain from the alleged trades.
- The trial features key testimonies from Trump Media co-founder Andy Litinsky, highlighting internal company challenges and disputes over equity.
- Prosecution and defense present contrasting views on Garelick’s role and intentions in the alleged insider trading scheme.