{"id":88192,"date":"2024-05-10T00:25:17","date_gmt":"2024-05-10T04:25:17","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88192"},"modified":"2024-05-10T00:04:25","modified_gmt":"2024-05-10T04:04:25","slug":"trump-media-investor-convicted-of-insider-trading-ahead-of-merger","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2024\/trump-media-investor-convicted-of-insider-trading-ahead-of-merger.html","title":{"rendered":"Trump Media investor convicted of insider trading ahead of merger"},"content":{"rendered":"\n<p>(CNBC) A federal jury in New York on Thursday convicted an investor of\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/04\/03\/brothers-plead-guilty-to-trump-media-merger-insider-trading.html\">insider trading<\/a>\u00a0in the stock of a shell company ahead of its announcement in October 2021 that it would merge with\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/DJT\/\">Trump Media<\/a>. The investor,\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/05\/01\/trump-media-insider-trading-trial-begins-in-new-york-.html\">Bruce Garelick<\/a>, had been on the board of directors of the publicly traded company,\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/03\/22\/trump-social-dwac-stock-falls-after-merger-approved.html\">Digital World Acquisition Corp.<\/a>, at the time he was accused of sharing and exploiting non&#8211;public information with others about its plans to merge with then-privately held Trump Media, the owner of the Truth Social app.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/05\/09\/trump-media-investor-convicted-of-insider-trading-ahead-of-merger.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) A federal jury in New York on Thursday convicted an investor of\u00a0insider trading\u00a0in the stock of a shell company ahead of its announcement in October 2021 that it would merge with\u00a0Trump Media. The investor,\u00a0Bruce Garelick, had been on the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88192","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88192"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88192\/revisions"}],"predecessor-version":[{"id":88193,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88192\/revisions\/88193"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}