Zincwarrior
Platinum Member
- Nov 18, 2021
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This is my shocked face. Russian "businessmen" makiing money with Trump.
A Russian-American businessman based in Miami is suspected of making nearly $23 million from alleged insider trading involving former President Donald Trump’s media company, according to federal court records. The businessman, Anton Postolnikov, is the owner of a Caribbean bank that caters to the porn industry and also reportedly loaned $8 million to Trump’s media company. Postolnikov, who owns a few residences on exclusive Fisher Island in Miami, is the nephew of a former high-ranking Russian government official who at one time was a staffer for Russian President Vladimir Putin, according to media reports.
The insider trading allegations surfaced in court documents filed last month in a New York securities fraud case brought last year against three South Florida men: Michael Shvartsman, 52, of Sunny Isles Beach; Gerald Shvartsman, 46, of Aventura; and Bruce Garelick, 54, of Fort Lauderdale. They are accused of making about $23 million from insider trades on the Trump Media merger with a Miami-based company, Digital World Acquisition Corp., and sharing non-public information with friends and business associates about the impending deal so they could profit, according to an indictment.
Trump, who is the front-runner to win the Republican nomination for president this year, has not been accused of any wrongdoing in the case. The former president is the chairman of Trump Media and Technology Group, the parent company of social media platform Truth Social, and he indicated in an April 2023 financial disclosure that he owns 90% of the company. He pegged the value of his stake as between $5 million and $25 million. The startling revelations about Postolnikov were included in government documents filed by defense attorneys for Garelick and Michael Shvartsman in their efforts to get evidence collected by federal investigators thrown out of the case. Postolnikov, 41, has not been charged with any wrongdoing. However, FBI search warrant applications filed in the New York case show that federal agents were investigating his relationship with the three defendants and his trades on Digital World Acquisition’s stock before and after the announcement of its merger with Trump Media in October 2021.
Read more at: https://www.miamiherald.com/news/politics-government/article284580595.html#storylink=cpy