| Insider
Trader on
Trump Media
SPAC Deal
Wants Wilmer
Hale Asked
About Orlando
Suit
by
Matthew Russell Lee, Patreon Book
Substack
SDNY COURTHOUSE,
March 29 – As the third of
four insider trading
prosecutions announced on June
29, 2023 by the US Attorney
for the Southern District of
New York, Michael Shvartsman,
Gerald Shvartsman, and Bruce
Garelick were charged with
making more than $22 million
dollars in illegal profits by
trading in securities of
Digital World Acquisition
Corporation based on MNPI
about DWAC’s planned but not
yet public business
combination with a media
company founded by former
President Donald J.
Trump.
On July 5, the
case was assigned - wheeled
out - to Judge Lewis J. Liman:
"NOTICE OF HEARING as to
Michael Shvartsman, Gerald
Shvartsman, Bruce Garelick: An
Arraignment and Initial
Conference is scheduled for
July 20, 2023 at 12:00 PM in
Courtroom 15C, 500 Pearl
Street, New York, NY 10007
before Judge Lewis J. Liman."
Inner City Press
was there on July 20 and live
tweeted, thread
On December 29 as
part of omnibus pre-trial
motions Shvartsman filed
copies of DHS reports of
investigation, including audio
recordings of Shvartsman
saying he would open an LLC in
Belize which would buy
assets... and ultimately
provided funding for the
'Truth Social' media platform.
It also names the agents who
brought the arrested
defendants to the Wilke D.
Ferguson Jr. Federal
Courthouse and the Marshals...
Late on March 15
Shvartsman through counsel
wrote to Judge Liman alleging
that the US used a Lawyer
Informant to record him.
Counsel identified the Zoom
account used: John [at]
lighthousetrust [dot]
ch. A Google search of
that shows a Lighthouse Trust
General Counsel named John
Ivsan at Linhart Seuss Ivsan
LLP
More on X for
Subscribers here
& Substack here
On March 29 there
was a conference, thread:
Defense: We
contest their attempt to call
cannabis bank account a prior
bad act. The bank knew, and
continued to process the
payments.
AUSA: The bank
was misinformed.
Judge: I'm not
sure it's 404(b)
Defense: DWAC has
sued Mr Orlando, in Florida,
alleging he spoke publucly
about merger with Trump Media
Group. I had assumed Orlando
would be a government witness
against my client. So DOJ
should ask DWAC, or their
counsel at Wilmer Hale,
their basis
This case
is US v. Shvartsman, et al.,
23-cr-307 (Liman)
***
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