Investors Accused of Insider Trading in Trump Media Deal Worth $22 Million

Overview

• Three men invested in Digital World Acquisition Corp. and received confidential information about Trump Media & Technology Group.
• After public announcement, men sold securities for significant profit.
• The Securities and Exchange Commission (SEC) has also filed a civil complaint against the individuals and a venture capital firm owned by one of them.
• The charges do not involve Trump or his family members.
• The merger between Digital World Acquisition Corp and Trump Media & Technology Group has not yet happened due to difficulties in raising funds and ongoing federal investigations.