Bruce Garelick, an ex-board member with Digital World Acquisition Corp—the publicly traded company that merged with Trump Media in March—was convicted Thursday of conspiracy and securities fraud for trading shares of the company’s stock prior to the merger, according to multiple outlets.
Garelick will be sentenced Sept. 12. (AP Photo/John Minchillo, file)
Garelick was found guilty of all five of the conspiracy and securities fraud charges against him and now faces up to 25 years in prison.
The former hedge fund manager will be sentenced Sept. 12 and remain free on bail until the hearing.
This is a developing story. Check back for updates.
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