SEC v. Bruce Garelick

Bruce Garelick, Michael Shvartsman, Rocket One Capital LLC, and Gerald Shvartsman allegedly purchased securities of Digital World Acquisition Corporation (DWAC) on the basis of material nonpublic information about the progress of DWAC’s merger negotiations with Trump Media & Technology Group Corp. According to the complaint, Gerald Shvartsman and Michael Shvartsman sold their DWAC securities for net profits of $4640325 and $18269042, respectively.

Summary generated from official Securities and Exchange Commission press release