Trump SPAC Investors Charged in $22 Million Insider Scheme (1)

Three investors in the listing vehicle that was poised to take Donald Trump’s fledgling media company public were charged with using inside information about the plans to make more than $22 million in illegal trades.

Federal prosecutors say the three Florida men, who were arrested and charged in an indictment unsealed Thursday, were invited to invest in the special purpose acquisition company, Digital World Acquisition Corp., after signing nondisclosure agreements with it and another SPAC.

They got confidential information about possible targets of the SPAC, including Trump’s company, Trump Media & Technology Group Corp., the US alleges. ...