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submitted 2 months ago by kescusay to c/politics

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 Trumpโ€™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.

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submitted 2 months ago by vegeta to c/news
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Lemmy.World

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