"Three Men Charged in Insider Trading Scheme Linked to Trump's Media Company"

Three investors in a special purpose acquisition corporation, Digital World Acquisition Corporation, have been charged with insider trading by federal prosecutors in New York. The investors allegedly made over $22 million in illegal profits by acting on confidential information about the plan to take former President Donald Trump's media company, Trump Media & Technology Group, public. The defendants used the information to buy securities in the corporation and disclosed it to friends and employees who also bought securities. They are facing charges of conspiracy to commit securities fraud and securities fraud.