Trump SPAC Investors Charged in $22 Million Scheme

Three investors in Digital World Acquisition Corp. are charged with using inside information to make illegal trades worth $22 million. The investors received confidential information about possible targets of the SPAC, including Trump Media. The SPAC's shares soared after plans for the merger were a

June 30, 2023 . 8:25 AM

1 min read

Three investors in Digital World Acquisition Corp. charged with using inside information to make illegal trades.
Investors received confidential information about possible targets of the SPAC, including Trump Media.
The SPAC's shares soared after plans for the merger with Trump Media were announced.
The three investors face conspiracy and securities fraud charges.
SPACs are under government scrutiny and facing more regulation.