"Brothers Admit Guilt in Trump Media Insider Trading Case"
Two brothers, Michael and Gerald Shvartsman, pleaded guilty to securities fraud in connection with a $22 million insider trading scheme related to the merger between Digital World Acquisition Corp. (DWAC) and Trump Media & Technology Group. They illegally traded on nonpublic information about the merger, and face a maximum sentence of 20 years in prison. Another individual, Bruce Garelick, who provided critical information to the brothers, is set to go to trial at the end of the month.