Home Politics Two Trump Investors Go Down For Trump Media Insider Trading

Two Trump Investors Go Down For Trump Media Insider Trading

Two Trump Investors Go Down For Trump Media Insider Trading


The stock scam that is Truth Social took out two investors who have pleaded guilty to insider trading.

CNN reported:

Florida venture capitalist Michael Shvartsman and his brother Gerald Shvartsman pleaded guilty on Wednesday to participating in an insider trading scheme linked to the blockbuster deal that brought former President Donald Trump’s social media business public.

Each of the brothers pleaded guilty in New York to one count of securities fraud, which carries a maximum sentence of 20 years in prison, according to federal prosecutors.

To get more stories like this, subscribe to our newsletter The Daily.

Everything about Trump’s Truth Social deal has had the hallmarks of a con with various shady players looking to get their fingers in the pie and grab some cash for themselves.

Anyone who buys stock in Trump Media is probably going to lose their money. The best thing that could happen to the MAGAs who are putting their money into Trump Media would be if Trump chooses to hold on to his shares and not cash out.

As soon as Trump sells, the bottom is going to fall out of the stock, if it doesn’t happen sooner, because the company is a money pit that doesn’t produce anything and won’t even tell investors how many users it has.

The house of cards that is known as Truth Social is starting to topple. It is only a matter how much cash Trump will grift before it all comes falling down on everyone else.

A Special Message From PoliticusUSA

If you are in a position to donate purely to help us keep the doors open on PoliticusUSA during what is a critical election year, please do so here. 

We have been honored to be able to put your interests first for 14 years as we only answer to our readers and we will not compromise on that fundamental, core PoliticusUSA value.


Source link

Previous article Saber Interactive CEO Says KOTOR Remake Is ‘Alive and Well’
Next article Rothy’s Lightweight Wedge Sandals: Our Honest Review
Harmony Evans is an award-winning author of Harlequin Kimani Romance, African-American romance, and so on. Harmony Evans is an award-winning author for Harlequin Kimani Romance, the leading publisher of African-American romance. Her 2nd novel, STEALING KISSES, will be released in November 2013. Harmony is a single mom to a beautiful, too-smart-for-her-own-good daughter, who makes her grateful for life daily. Her hobbies include cooking, baking, knitting, reading, and of course, napping and also review some of the best-selling and popular brands and services in the market and also write comprehensive blogs.


Please enter your comment!
Please enter your name here