Embroiled...
I haven't heard that word used in a while. News today: Investor in company that took Trump Media public pleads guilty to insider trading. Who would have thought that everything would have been on the 'up & up' yeah?Gerald Shvartsman pleaded guilty at a hearing before U.S. District Judge Lewis Liman.
"TMTG shares were trading at around $51.60 on Wednesday morning, making Trump's stake worth about $4 billion, though he is not allowed to sell or borrow against it for six months.
Trump Media is also embroiled in legal battles in Delaware and Florida with co-founders Wesley Moss and Andrew Litinsky, who have accused the company of trying to improperly dilute their stake."
Just another day in Trump world.
Link:
The linked story: Trump's Truth Social lost $58 million in 2023, and the stock is taking a hit
And people want this guy to run the country???
Comments (8)
I think this proves once and for all that Trump is no Businessman, never has been and never will be.
He is just a sleazy con artist.
I think this proves once and for all that Trump is no Businessman, never has been and never will be.
He is just a sleazy con artist.
Also share prices go up and down all the time so to disparage Trump for this is simply wrong.
Heading towards yet another Trump business venture failure
Also share prices go up and down all the time so to disparage Trump for this is simply wrong.
You are just looking though rose tinted glasses.
But that’s ok, even fools have the right to believe whatever’s they want.
You are just looking though rose tinted glasses.
But that’s ok, even fools have the right to believe whatever’s they want.
What does Majority Shareholder have to do with Insider-Trading?
I think this proves once and for all that Trump is no Businessman, never has been and never will be.
He is just a sleazy con artist.
Shares dipped 12% on Friday and 8% Monday. After sliding as much as 4.8% on Tuesday, the stock rallied to close at $37.47, up 0.8% for the day but down more than 50% from its peak in late March.
Link:
Soon Trump won't be able to pay his numerous lawyers, maybe the courts will provide him with one?
Already his bill this year is 1million dollars.