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ALBUQUERQUE, N.M. (AP) — A former high-ranking Democratic legislator in New Mexico has pleaded not guilty to numerous federal charges stemming from a corruption investigation into allegations that millions of dollars meant for educational programs in the state’s largest school district were diverted to businesses and charities in which she had an interest.
ATLANTA (AP) — The former chief financial officer for Atlanta pleaded guilty on Monday to stealing money from the city for personal travel and guns and trying to cheat the federal government on his income taxes.
NEW YORK (AP) — Two Florida brothers pleaded guilty Wednesday to insider trading charges, admitting making over $22 million illegally before the public announcement in 2021 that an acquisition firm was taking former President Donald Trump’s media company public.
NEW YORK (AP) — Two Florida brothers pleaded guilty Wednesday to insider trading charges, admitting making over $22 million illegally before the public announcement in 2021 that an acquisition firm was taking former President Donald Trump’s media company public.
Two investors connected to an insider trading scheme regarding the merger of Digital World Acquisition Corporation (DWAC) with Trump Media & Technology Group have pled guilty to securities fraud in connection to the scheme.
Two Florida brothers pleaded guilty Wednesday in New York federal court to insider trading charges related to their purchase and sale of securities of the company that eventually merged with former President Donald Trump's social media firm. The brothers, Michael Shvartsman and Gerald Shvartsman, earned more than $22 million in illegal profits by trading in securities of the shell company, Digital World Acquisition Corp., in October 2021 after learning of nonpublic information that DWAC planned a merger with the privately held Trump Media & Technology Group, prosecutors said. Although that merger was announced in late October 2021, it only was completed last month in a deal that led to Trump Media becoming a publicly traded company. "I've made a terrible mistake," Gerald Shvartsman, 46, told Judge Lewis Liman in Manhattan federal court as he pleaded guilty, according to the Associated Press. He also said that what he had done was "wrong and the mistake I will pay for dearly the rest of my
A Florida venture capitalist and his brother moved Monday toward potential guilty pleas in an insider trading case connected to the merger that took Donald Trump's social media company public last week. Michael Shvartsman, the venture capitalist, and his brother, Gerald Shvartsman, both previously pleaded not guilty to criminal charges of insider trading and conspiracy, related to trading shares in of the shell company that merged with Trump Media last week. A new court filing Monday revealed that a change of plea hearing for the brothers will be held Wednesday afternoon in U.S. District Court in Manhattan. A change of plea hearing typically involves a defendant pleading guilty. Also Monday, New York defense attorney Alan Futerfas filed a notice with the court that he had joined Michael Shvartsman's legal team. Futerfas has
PHOENIX (AP) — The leader of an offshoot polygamous sect near the Arizona-Utah border has pleaded guilty to conspiring to transport underage girls across state lines in what authorities say was a yearslong scheme to orchestrate sexual acts involving children.