Two Florida men plead guilty to insider trading charges related to taking Trump media firm public

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Donald Trump,U.S. News

Two Florida brothers have pleaded guilty to insider trading charges, admitting they made over $22 million illegally before the 2021 public announcement that an acquisition firm was taking former President Donald Trump's media company public.

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Authorities said the defendants sold their securities for $22 million in profits once the news about the Trump Media business was made public. The merger and public trading of Trump Media & Technology Group was eagerly anticipated by Trump's political supporters, who viewed the Truth Social platform as a worthy response to Trump's temporary ejection from some social media platforms after the Jan. 6, 2021,

 

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