2 Investors Plead Guilty to Insider Trading Related to Trump’s Truth Social Merger

Published on April 3, 2024

Two investors in former President Donald Trump’s social media company pleaded guilty on Wednesday to insider trading in connection to the recent merger that ultimately took the company public. Florida venture capitalists Michael Shvartsman and Gerald Shvartsman entered the pleas in a New York court to one count of securities fraud, which can carry a maximum sentence of 20 years in prison, according to prosecutors in a news release. “Michael and Gerald Shvartsman admitted in court that they received confidential, inside information about an upcoming merger between DWAC and Trump Media and used that information to make profitable, but illegal, open-market trades,” Damian Williams, the U.S. Attorney for the Southern District of New York, said in the release issued Wednesday....

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Supreme Court Won’t Intervene in Washington State Legislative Map Dispute

April 3, 2024
The U.S. Supreme Court turned away an emergency request to put on hold a court decision that changed the boundaries of several legislative districts in Washington state following a voting rights lawsuit.The redrawn boundaries are expected to benefit Democrats in the already Democrat-dominated state.The decision (pdf) on the emergency application in Trevino v. Palmer came late in the day on April 2

Tories Lost Up to 9 Ridings in 2021 Election Due to Chinese Interference, Says O’Toole

April 3, 2024
Former Tory leader Erin O’Toole says his party lost up to nine ridings in the 2021 elections because of interference from the Chinese regime.While testifying before the Public Inquiry into Foreign Interference on April 3, Mr. O’Toole said six to nine seats “were possibly changed as a result of foreign interference.”The inquiry is currently in its second phase of hearings to explore foreign interfe