Florida venture capitalist Michael Shvartsman and his brother Gerald Shvartsman pleaded guilty on Wednesday to participating in an insider trading scheme linked to the blockbuster deal that brought former President Donald Trump’s social media business public.

Florida venture capitalist Michael Shvartsman and his brother Gerald Shvartsman pleaded guilty on Wednesday to participating in an insider trading scheme linked to the blockbuster deal that brought former President Donald Trump’s social media business public.

Each of the brothers pleaded guilty in New York to one count of securities fraud, which carries a maximum sentence of 20 years in prison, according to federal prosecutors.

  • proper@lemmy.world
    13·
    8 months ago

    I often wonder if he was already the “second coming” when all his casinos were failing.

    • MagicShel@programming.dev
      6·
      8 months ago

      I think the second coming has to do with Stormy Daniels.

      manually corrected that twice and autocorrect still insisted on Daniel’s