Trump Media Investor Gerald Shvartsman Sentenced to 22 Months for Insider Trading

Shvartsman profited from confidential information about the merger between Digital World Acquisition Corp. and Trump Media.

Gerald Shvartsman was sentenced to nearly two years in prison for insider trading related to Trump Media's public offering.
Shvartsman, along with his brother Michael, made over $22 million from illegal trades using confidential merger information.
Prosecutors described Shvartsman's actions as 'brazen corruption and greed,' while his defense sought leniency citing personal and professional losses.
Former President Donald Trump and his company were not implicated in any wrongdoing in the insider trading case.
Trump Media shares experienced volatility, with recent fluctuations adding billions to Trump's net worth as a major shareholder.