CNN —
An investor in the shell company that merged with Trump Media was found guilty on Thursday of insider trading, according to federal prosecutors.
Bruce Garelick, who served as a director at the shell company, was accused of using secret knowledge of the impending deal with Trump Media to trade and tip off others.
Those trades paid off as shares of the shell company, Digital World Acquisition Corporation (DWAC), spiked in October 2021 on news of the blockbuster deal to bring Truth Social owner Trump Media (DJT) public.
“As a unanimous jury has just found, Garelick
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