3 charged in insider trading case related to taking Trump media firm public, accused of making $22M

Published June 29, 2023 12:20 PM

By LARRY NEUMEISTER and BERNARD CONDON
Associated Press

NEW YORK (AP) — Three Florida men have been charged with making $22 million through illegal insider trading before the public announcement that an acquisition firm was going to take former President Donald Trump’s media company public. The charges were outlined Thursday in papers unsealed in federal court in New York and do not implicate Trump or the Trump Media & Technology Group. That’s the parent company of Trump’s Truth Social platform. Prosecutors say the men were given confidential information about a merger deal. Lawyers for all three declined to comment. The three were freed on bond after a court hearing in Miami.

Article Topic Follows: AP National News

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.