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Michael Shvartsman, a Florida venture capitalist, and his brother Gerald Shvartsman pleaded guilty on Wednesday to participating in an insider trading scam related to the blockbuster sale that took former President Donald Trump’s social media business public. The pair were arrested in June 2023 and pled guilty today before U.S. District Judge Lewis J. Liman. U.S. Attorney Damian Williams issued a statement saying, “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 t…

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