3 charged in insider trading case related to taking ex-President Donald Trump’s media company public

By LARRY NEUMEISTER
Associated Press

NEW YORK (AP) — Three Florida men have been charged with making over $22 million illegally through insider trading by trading ahead of the public announcement that a special purpose acquisition corporation was going to take a media company owned by former President Donald Trump public. The charges were outlined Thursday in court papers unsealed in Manhattan federal court. The court papers said the men were invited to invest inDigital World Acquisition Corp. and were provided confidential information about DWAC and another acquisition corporation, Benessere Capital Acquisition Corp. According to court papers, they were told that a potential target of the acquisition corporations was Trump Media & Technology Group.