"Guilty Plea: Investor in Trump Media Company Admits Insider Trading"
Gerald Shvartsman, an early investor in the company that took Trump Media public, pleaded guilty to insider trading charges related to TMTG's plan to go public. He and two others allegedly made $22 million in illegal profit by trading on inside information about TMTG's merger with a blank-check company. TMTG's stock has been volatile, and it recently disclosed a $58 million loss in 2023. Additionally, Trump Media is facing legal battles with co-founders accusing the company of improperly diluting their stake.