All posts tagged: insider

Trump Media investor convicted of insider trading ahead of merger

Trump Media investor convicted of insider trading ahead of merger

[ad_1] Bruce Garelick walks following a hearing at the Manhattan Federal Court, in New York City, July 20, 2023. Amr Alfiky | Reuters A federal jury in New York on Thursday convicted an investor of insider trading in the stock of a shell company ahead of its announcement in October 2021 that it would merge with Trump Media. The investor, Bruce Garelick, had been on the board of directors of the publicly traded company, Digital World Acquisition Corp., at the time he was accused of sharing and exploiting non–public information with others about its plans to merge with then-privately held Trump Media, the owner of the Truth Social app. Trump Media’s majority shareholder is former President Donald Trump, who was not accused of any wrongdoing in the case against Garelick in U.S. District Court in Manhattan. But Garelick’s trial, which began on April 30, took place just blocks away from where Trump is on trial in Manhattan Supreme Court on criminal charges related to a hush money payment to porn star Stormy Daniels. Two co-defendants …

Friends creators reveal final episode scripts were leaked by an insider in 2004 | Ents & Arts News

Friends creators reveal final episode scripts were leaked by an insider in 2004 | Ents & Arts News

[ad_1] The creators of Friends have revealed that parts of the script for the final episode were leaked by an insider ahead of the show airing. Simply titled The Last One, millions tuned in as the episode brought the hit comedy to a close 20 years ago, on 6 May 2004, finally resolving the decade-long “will they, won’t they?” romance between Ross and Rachel. It was the end of an era for its stars – Jennifer Aniston, Courteney Cox, Lisa Kudrow, Matt LeBlanc, Matthew Perry and David Schwimmer – and fans around the world. Image: The six Friends stars got together on screen for the first time in 17 years for a reunion in 2021. Pic: Sky/Warner Media/HBO Looking back at the final shows in an interview with NBC’s Today show in the US, Friends creators Marta Kauffman and David Crane revealed details of the leak. “Oh my god, we tried so hard to keep it a secret!” Kauffman said. “We were desperate to keep it a secret and it got out. And it was …

Prince Harry’s meeting with King Charles will have an ‘elephant in the room’, insider says | Royal | News

Prince Harry’s meeting with King Charles will have an ‘elephant in the room’, insider says | Royal | News

[ad_1] Quinn told the Mirror.: “Harry’s loyalty is entirely to his wife; if she blames the royal family for the breach then so does he. Without the Invictus Games, there’s no way Harry would have come to the UK at all.” The expert believes that when Harry meets with his father and potentially his brother, they will avoid discussing Meghan. He said: “When Harry meets his father and if he meets his brother, there will be one subject that doesn’t get mentioned: Meghan. As one Kensington Palace insider put it, with a grin, ‘Meghan is going to be the elephant in the room’.” The comments come amid suggestions Meghan has her “eye on politics” and that top Democrats “endorse”. https://www.the-express.com/news/royals/136361/meghan-markle-politics-democrats-prince-harry President Joe Biden’s own sister, Valerie Biden Owens, has even reportedly “endorsed” Meghan as a “potential candidate” one day. In an interview with Good Morning Britain in May 2022, Biden Owens said: “It’s wonderful to have women in politics. The more women we have, the better our democratic system will work with a better point …

Trump Media insider trading trial begins in New York

Trump Media insider trading trial begins in New York

[ad_1] Bruce Garelick walks following a hearing at the Manhattan Federal Court, in New York City, July 20, 2023. Amr Alfiky | Reuters The federal criminal trial of a man accused of insider trading in shares of a shell company ahead of its announcement of a plan to merge with Trump Media began Tuesday, just blocks from where former President Donald Trump was sitting at his criminal trial in a case related to a hush money payment. The first witness in the insider trading case against Bruce Garelick was Andy Litinsky, a co-founder of Trump Media. Litinsky himself is involved in complicated civil litigation against Trump in several jurisdictions, over how many shares he is owed in Trump’s eponymous social media company. “It’s a long story,” Litinsky sighed on the stand in U.S. District Court in Manhattan. Garelick has decided to take his chances with a jury after his two co-defendants, the brothers Michael Shvartsman and Gerald Shvartsman, pleaded guilty on April 3 to insider trading charges in the case. The allegations Garelick is accused …

A National Security Insider Does the Math on the Dangers of AI

A National Security Insider Does the Math on the Dangers of AI

[ad_1] One type of risk you’ve been very interested in for a long time is “biorisk.” What’s the worst thing that could possibly happen? Take us through that. I started out in public health before I worked in national security, working on infectious disease control—malaria and tuberculosis. In 2002, the first virus was synthesized from scratch on a Darpa project, and it was sort of an “oh crap” moment for the biosciences and the public health community, realizing biology is going to become an engineering discipline that could be potentially misused. I was working with veterans of the smallpox eradication campaign, and they thought, “Crap, we just spent decades eradicating a disease that now could be synthesized from scratch.” There’s a lot of vulnerability in society. Covid was a demonstration of this. Jason Matheny I then moved to working in biosecurity, trying to figure out, How could we increase the security around biolabs so that they’re less likely to be used? How can we detect biological weapons programs? Which, unfortunately, still exist in significant numbers …

The Fashion Insider Diary: Yomi Adegoke

The Fashion Insider Diary: Yomi Adegoke

[ad_1] A force to be reckoned with in the style and literary world, Yomi Adegoke is one of those women who exudes effortless elegance in everything she does.  When she’s not on the red carpet donning vibrant yellow Roksanda dresses, attending brand dinners in Damson Madder or revelling in the glory of being a Sunday Times Bestselling Author, Yomi is a woman after our own hearts, admitting that after a busy week getting dressed, she usually opts for “pyjamas or comfy home clothes” on the weekends.  Ahead of the paperback launch of her book The List, which hits shelves on April 29th we chatted with Yomi about all things fashion…  What This Fashion Insider Wears In A Week: Day One The Gallery Opening This evening, I was attending the launch of the ‘Filling In the Pieces In Black’ exhibition at Saatchi Gallery, curated by June Sarpong. I love art, and think the relationship between fashion and art cannot be overstated. I opted for this Sleeper dress and paired it with a white bag by Aspinal …

Former GOP insider: Trump has “reprogrammed a generation” to fight against democracy

Former GOP insider: Trump has “reprogrammed a generation” to fight against democracy

[ad_1] The first of Donald Trump’s four criminal trials is finally underway in Manhattan. This trial, on campaign-finance charges related to Trump’s alleged “hush money” payments to Stormy Daniels, is truly historic, marking the first time in American history that a current or former president has been tried for criminal offenses. A guilty verdict in combination with the outcomes of his three other pending trials in Florida, Georgia and Washington, D.C., will clearly have an impact on how many Americans vote in the upcoming presidential election. The potential consequences should not be underestimated, given that current polls show a statistical dead heat between Trump and President Biden. In an evocative preview published by the Economist, the “hush money” trial is described as a “meld of genres”:   The solemnity of the first prosecution of a former president, who also happens to be running again, will nod to tragedy. Really, though, this is a seedy burlesque, with a bit of farce. The case is about sex, money and blackmail. Mr. Trump’s former lawyer and fixer, who will testify against …

Brothers plead guilty to Trump Media merger insider trading

Brothers plead guilty to Trump Media merger insider trading

[ad_1] Jonathan Raa | Nurphoto | Getty Images Two Florida brothers pleaded guilty Wednesday in New York federal court to insider trading charges related to their purchase and sale of securities of the company that eventually merged with former President Donald Trump’s social media firm. The brothers, Michael Shvartsman and Gerald Shvartsman, earned more than $22 million in illegal profits by trading in securities of the shell company, Digital World Acquisition Corp., in October 2021 after learning of nonpublic information that DWAC planned a merger with the privately held Trump Media & Technology Group, prosecutors said. Although that merger was announced in late October 2021, it only was completed last month in a deal that led to Trump Media becoming a publicly traded company. “I’ve made a terrible mistake,” Gerald Shvartsman, 46, told Judge Lewis Liman in Manhattan federal court as he pleaded guilty, according to the Associated Press. He also said that what he had done was “wrong and the mistake I will pay for dearly the rest of my life.” A third defendant …

Two plead guilty to insider trading in Kodak before Trump loan announcement

Two plead guilty to insider trading in Kodak before Trump loan announcement

[ad_1] NEW YORK : A former pharmaceutical executive and his cousin pleaded guilty on Wednesday to insider trading in Eastman Kodak, based on tips that the company was arranging a surprise $765 million loan from the Trump administration to make drug ingredients. Andrew Stiles and Gray Stiles each admitted to one count of securities fraud at a hearing before U.S. District Judge Ronnie Abrams in Manhattan. Both defendants were accused of buying Kodak shares in anticipation of the U.S. International Development Finance Corp loan to the former photography giant, and selling them after the loan was announced on July 28, 2020. Prosecutors said this led to more than $500,000 of illegal profit for Andrew Stiles and more than $700,000 for Gray Stiles. Lawyers for the defendants did not immediately respond to requests for comment. Andrew Stiles was a vice president at Phlow, a Richmond, Virginia-based medicine supply chain company working with Kodak, when he allegedly learned about the loan and tipped his cousin. An indictment included coded text messages between the pair, including where Gray …

Trump Media insider trading defendants signal possible guilty pleas

Trump Media insider trading defendants signal possible guilty pleas

[ad_1] A Florida venture capitalist and his brother moved Monday toward potential guilty pleas in an insider trading case connected to the merger that took Donald Trump’s social media company public last week. Michael Shvartsman, the venture capitalist, and his brother, Gerald Shvartsman, both previously pleaded not guilty to criminal charges of insider trading and conspiracy, related to trading shares in of the shell company that merged with Trump Media last week. A new court filing Monday revealed that a change of plea hearing for the brothers will be held Wednesday afternoon in U.S. District Court in Manhattan. A change of plea hearing typically involves a defendant pleading guilty. Also Monday, New York defense attorney Alan Futerfas filed a notice with the court that he had joined Michael Shvartsman’s legal team. Futerfas has represented Donald Trump in the past, as well as Trump’s adult children and his company, the Trump Organization, in various legal matters. In a brief phone call with CNBC on Monday, Futerfas said he could not talk about the case and whether …