An individual named Bruce Garelick has been given a prison sentence of 28 months for engaging in insider trading related to the merger plans of Trump Media.
Garelick was found guilty in May for trading based on confidential information he obtained about Digital World Acquisition Corp. before the public announcement of the deal three years ago.
The sentence was delivered by US District Judge Lewis Liman in New York, who emphasized the seriousness of the offense.
Garelick's actions have raised concerns about insider trading and the integrity of financial markets, particularly in high-profile mergers and acquisitions.