"Trump Media Investors Plead Guilty to Insider Trading Scheme"

Two investors in Trump Media, Michael and Gerald Shvartsman, pleaded guilty to securities fraud in connection with an insider trading scheme related to the merger of Digital World Acquisition Corporation and Trump Media & Technology Group. The brothers, along with a third individual, allegedly made over $22 million in illegal profits by trading on nonpublic information about the impending deal. The frenzy on Wall Street began after former President Donald Trump revealed plans to merge his new social media business with a special purpose acquisition company. The guilty pleas serve as a reminder of the consequences of corrupting the integrity of the stock market, and the Trump Media merger finally closed last week, leading to a surge in share price and a financial windfall for Trump.