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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.
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