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As reported on April 3 in the Federal Prosecutor's Office for the Southern District of New York in Manhattan, Russian-speaking American brothers Mikhail and Gerald Schwartzman pleaded guilty to securities fraud, for which they are entitled to up to 20 years in prison, but the sentence that Judge Lewis Lyman appointed for, respectively, 2 and 3 pm on July 17., they will be much shorter.
It is expected that Mikhail will receive from 4 to 5 years in prison, and Gerald from 3 to 4 years. In addition, the elder Schwartzman will contribute $ 18.2 million of illegal profits to the federal treasury, and the younger one $ 4.6 million. Mikhail Shvartsman's Saudi National bank account, the Provocateur yacht and three jet skis attached to it will also be transferred to the state revenue. 53-year-old Mikhail Shvartsman lives in Florida, or rather in Ice Beach, an elite area of Miami, and 46-year-old Gerald in the Miami suburb of Aventura. Prior to the press release, the prosecutor's office said that the Schwartzman brothers "made more than $ 22 million in illegal profits by trading (shares) prior to the announcement that the Digital World Acquisition Company ("DWAC") would merge with the Donald Trump-owned Media company." & Technology Group (“Trump Media”). I will immediately note that the prosecutor's office has no complaints about Trump's company or himself, but they mentioned it for the sake of an objective red word, which was enthusiastically picked up by our left-wing media.
The Schwartzman brothers were arrested in June last year, charged and released on bail of the elder in 20 million dollars, and the younger in 20 million real estate. Together with them, 53-year-old Boris-Bruce Garelik from Fort Lauderdale, a half-hour drive from Miami, was arrested in the case, and the court ordered only 100 thousand rubles for his release. Garelik was initially an investor, became a member of the board of directors of DWAC in September 2021, and also knew about the upcoming merger with Trump Media. He earned less than 50 thousand dollars on this and his trial is scheduled for the end of April. What the Schwartzman brothers pleaded guilty to is known as insider trading (material, non-public information, or "MNPI"), and as Manhattan Federal prosecutor Damian Williams explained in a press release, they "obtained confidential internal information about the upcoming merger of DWAC and Trump Media and used this information for profitable purposes.", but illegal operations on the exchange. Insider trading is a clear and clean fraud, and today's charges should remind anyone tempted to infringe on the integrity of exchange operations that this is their ticket to jail."
Mikhail Shvartsman is known to have owned a nightclub in Miami, and in 2013 founded the venture capital company Rocket Capital, where his younger brother was the chief investment officer. The 15-page indictment alleges that from June to November 2021, the co-conspirators purchased millions of dollars ' worth of DWAC shares and shared the information with friends and employees, who also bought tens of thousands of shares before the merger was announced. In addition to sharing MNPI information with family members, they revealed it to friends during a trip to Las Vegas, neighbors of Mikhail Shvartsman, and employees of Gerald Shvartsman at his furniture store. After announcing the merger of DWAC and Trump's media group in October 2021, the stock price jumped sharply from $ 10 to $ 175. Donald Trump, I repeat, is not considered to be involved in this, but the MNPI information trade case about the merger of his company was immediately attached to other lawsuits of Trump, who claims to return to the White House after the November elections. It is noted that the shares of Trump Media & Technology Group, which, by the way, includes Trump's Truth Social news platform, rose in price, and although they fell by $ 58 million last year, they still brought investors $ 4 million, and the total value of shares in his media group last Wednesday was $ 5.7 billion.
The British newspaper The Guar-dian on April 3, in connection with the admissions of guilt by the Schwartzman brothers, reported that Trump's company took emergency loans from ES Family Trust, which is backed by Russian-American businessman Anton Postolnikov, a person involved in the investigation of the FBI and the Department of Homeland Security. The newspaper explains that in 2021, Trump Media found itself in a difficult situation and was forced to take out emergency loans, including from the ES Family Trust. The trust opened an account with a small bank, Paxum Bank, on the Caribbean island of Dominica, "which is best known for providing financial services to the porn industry." Judging by the leaked documents, ES Family Trust acted as a laying firm for Paxum Bank co-owner Anton Postolnikov, the nephew of Alexander Smirnov, a former Deputy Minister of Justice of Russia, then head of the Russian President's Public Relations Department for five years, and now General Director of Rosmorport, who lives in the United States. In the case of the Schwartzman brothers and Garelik, there is an "emelka", that is, an email that Garelik sent to Postolnikov on June 24, 2021, about four months before the merger was announced. "Anton, we had a great time last night! "it's written there. - In continuation of the SPAC topic of the Trump media group, which we mentioned. The deal will be completed this week. Please let us know if you are interested in investing...". A copy of Emelka was sent to Mikhail Shvartsman.
The Guardian notes that Paxum Bank cannot provide loans in the United States due to the lack of a banking license, so Postolnikov could use the pad "to help save Trump Media," which had a hard time getting loans after the events at the Washington Capitol on January 6, 2021. So far, no charges have been filed against Postolnikov, and there is no indication that Trump or Trump Media knew about the nature of the loans, other than that they were "opaque," but The Guardian writes that ES Family Trust money helped Trump's media company "stay afloat" in 2022, and now Trump can receive billions of dollars from the merger of Trump Media and Technology Group and Digital World Acquisition Corporation, which bought out the parent company Truth Social. A Trump Media spokesperson said The Guardian was "spreading a false story" about the company's ties to Russia. Well, Trump is no stranger to this - the investigation into his alleged ties to the Kremlin lasted almost two years and cost almost $ 32 million.
Last September, Slava, a 45-year-old doctor named Stanley Kaplan, from Hopewell Junction in New York's Dutchess County, 68 miles north of Manhattan, pleaded guilty to a related insider trading case in the same Manhattan federal prosecutor's office. His accomplice, 44-year-old American Joseph Dupont from Massachusetts, also pleaded guilty to the fact that he and Kaplan earned more than $ 2.2 million on the purchase and sale of shares in the pharmaceutical company Portola Pharmaceuticals, Inc. Judge Gregory Woods set sentences for both of them for January 5, 2024, one for an hour and the other for three o'clock in the afternoon. Together with Kaplan and Dupont, Sean Cronin and Paul Friedman are on trial, and all four are accused of earning more than $ 4 million by buying and selling shares in the pharmaceutical company Portola Pharmaceuticals, Inc. In 2020, Slava Kaplan and Joseph Dupont and their associates engaged in insider trading in connection with the merger of Portola Pharmaceuticals and Alexion Pharmaceuticals, where Dupont was a vice president. On January 31, 2020, he learned about the proposed merger, and in April provided documents about it to his childhood friend so that he could make money from it. A friend of Dupont's, in turn, told Slava Kaplan, who also knew Dupont, and asked him for help in developing a strategy for illegal earnings. Kaplan shared the information with his relative, as well as with a friend and colleague, and in the end, everyone bought Alexion shares before the merger was announced, and on May 5, 2020, after the announcement, they sold them at a big profit. In particular, the indictment states that on April 26, 2020, Paul Friedman sent Slava Kaplan a text message with the word "lekarstva", and he replied with the Russian word "Yes".
At the trial, his lawyers Rachel Maimin and Logan Vickery asked for Slava Kaplan to be sentenced to probation, explaining that he came to the United States from Soviet Belarus when he was 15 years old, and became a law-abiding American who "is now especially ashamed of the fact that he violated the law of the country that saved his life." In their motion, the lawyers noted that at the height of the Covid-19 pandemic, Kaplan's doctor worked 80 hours a week in three hospitals, was separated from his family due to quarantine, and had to work among the dead, for whom there was no place in morgues, which could cause him to become infected and also die. With this in mind, Judge Woods kept his word and on January 5 sentenced Kaplan to 5 months in prison and three years of supervision after serving time, obliging him to return 475,054 ill-gotten dollars to the people of his new homeland.
It is expected that Mikhail will receive from 4 to 5 years in prison, and Gerald from 3 to 4 years. In addition, the elder Schwartzman will contribute $ 18.2 million of illegal profits to the federal treasury, and the younger one $ 4.6 million. Mikhail Shvartsman's Saudi National bank account, the Provocateur yacht and three jet skis attached to it will also be transferred to the state revenue. 53-year-old Mikhail Shvartsman lives in Florida, or rather in Ice Beach, an elite area of Miami, and 46-year-old Gerald in the Miami suburb of Aventura. Prior to the press release, the prosecutor's office said that the Schwartzman brothers "made more than $ 22 million in illegal profits by trading (shares) prior to the announcement that the Digital World Acquisition Company ("DWAC") would merge with the Donald Trump-owned Media company." & Technology Group (“Trump Media”). I will immediately note that the prosecutor's office has no complaints about Trump's company or himself, but they mentioned it for the sake of an objective red word, which was enthusiastically picked up by our left-wing media.
The Schwartzman brothers were arrested in June last year, charged and released on bail of the elder in 20 million dollars, and the younger in 20 million real estate. Together with them, 53-year-old Boris-Bruce Garelik from Fort Lauderdale, a half-hour drive from Miami, was arrested in the case, and the court ordered only 100 thousand rubles for his release. Garelik was initially an investor, became a member of the board of directors of DWAC in September 2021, and also knew about the upcoming merger with Trump Media. He earned less than 50 thousand dollars on this and his trial is scheduled for the end of April. What the Schwartzman brothers pleaded guilty to is known as insider trading (material, non-public information, or "MNPI"), and as Manhattan Federal prosecutor Damian Williams explained in a press release, they "obtained confidential internal information about the upcoming merger of DWAC and Trump Media and used this information for profitable purposes.", but illegal operations on the exchange. Insider trading is a clear and clean fraud, and today's charges should remind anyone tempted to infringe on the integrity of exchange operations that this is their ticket to jail."
Mikhail Shvartsman is known to have owned a nightclub in Miami, and in 2013 founded the venture capital company Rocket Capital, where his younger brother was the chief investment officer. The 15-page indictment alleges that from June to November 2021, the co-conspirators purchased millions of dollars ' worth of DWAC shares and shared the information with friends and employees, who also bought tens of thousands of shares before the merger was announced. In addition to sharing MNPI information with family members, they revealed it to friends during a trip to Las Vegas, neighbors of Mikhail Shvartsman, and employees of Gerald Shvartsman at his furniture store. After announcing the merger of DWAC and Trump's media group in October 2021, the stock price jumped sharply from $ 10 to $ 175. Donald Trump, I repeat, is not considered to be involved in this, but the MNPI information trade case about the merger of his company was immediately attached to other lawsuits of Trump, who claims to return to the White House after the November elections. It is noted that the shares of Trump Media & Technology Group, which, by the way, includes Trump's Truth Social news platform, rose in price, and although they fell by $ 58 million last year, they still brought investors $ 4 million, and the total value of shares in his media group last Wednesday was $ 5.7 billion.
The British newspaper The Guar-dian on April 3, in connection with the admissions of guilt by the Schwartzman brothers, reported that Trump's company took emergency loans from ES Family Trust, which is backed by Russian-American businessman Anton Postolnikov, a person involved in the investigation of the FBI and the Department of Homeland Security. The newspaper explains that in 2021, Trump Media found itself in a difficult situation and was forced to take out emergency loans, including from the ES Family Trust. The trust opened an account with a small bank, Paxum Bank, on the Caribbean island of Dominica, "which is best known for providing financial services to the porn industry." Judging by the leaked documents, ES Family Trust acted as a laying firm for Paxum Bank co-owner Anton Postolnikov, the nephew of Alexander Smirnov, a former Deputy Minister of Justice of Russia, then head of the Russian President's Public Relations Department for five years, and now General Director of Rosmorport, who lives in the United States. In the case of the Schwartzman brothers and Garelik, there is an "emelka", that is, an email that Garelik sent to Postolnikov on June 24, 2021, about four months before the merger was announced. "Anton, we had a great time last night! "it's written there. - In continuation of the SPAC topic of the Trump media group, which we mentioned. The deal will be completed this week. Please let us know if you are interested in investing...". A copy of Emelka was sent to Mikhail Shvartsman.
The Guardian notes that Paxum Bank cannot provide loans in the United States due to the lack of a banking license, so Postolnikov could use the pad "to help save Trump Media," which had a hard time getting loans after the events at the Washington Capitol on January 6, 2021. So far, no charges have been filed against Postolnikov, and there is no indication that Trump or Trump Media knew about the nature of the loans, other than that they were "opaque," but The Guardian writes that ES Family Trust money helped Trump's media company "stay afloat" in 2022, and now Trump can receive billions of dollars from the merger of Trump Media and Technology Group and Digital World Acquisition Corporation, which bought out the parent company Truth Social. A Trump Media spokesperson said The Guardian was "spreading a false story" about the company's ties to Russia. Well, Trump is no stranger to this - the investigation into his alleged ties to the Kremlin lasted almost two years and cost almost $ 32 million.
Last September, Slava, a 45-year-old doctor named Stanley Kaplan, from Hopewell Junction in New York's Dutchess County, 68 miles north of Manhattan, pleaded guilty to a related insider trading case in the same Manhattan federal prosecutor's office. His accomplice, 44-year-old American Joseph Dupont from Massachusetts, also pleaded guilty to the fact that he and Kaplan earned more than $ 2.2 million on the purchase and sale of shares in the pharmaceutical company Portola Pharmaceuticals, Inc. Judge Gregory Woods set sentences for both of them for January 5, 2024, one for an hour and the other for three o'clock in the afternoon. Together with Kaplan and Dupont, Sean Cronin and Paul Friedman are on trial, and all four are accused of earning more than $ 4 million by buying and selling shares in the pharmaceutical company Portola Pharmaceuticals, Inc. In 2020, Slava Kaplan and Joseph Dupont and their associates engaged in insider trading in connection with the merger of Portola Pharmaceuticals and Alexion Pharmaceuticals, where Dupont was a vice president. On January 31, 2020, he learned about the proposed merger, and in April provided documents about it to his childhood friend so that he could make money from it. A friend of Dupont's, in turn, told Slava Kaplan, who also knew Dupont, and asked him for help in developing a strategy for illegal earnings. Kaplan shared the information with his relative, as well as with a friend and colleague, and in the end, everyone bought Alexion shares before the merger was announced, and on May 5, 2020, after the announcement, they sold them at a big profit. In particular, the indictment states that on April 26, 2020, Paul Friedman sent Slava Kaplan a text message with the word "lekarstva", and he replied with the Russian word "Yes".
At the trial, his lawyers Rachel Maimin and Logan Vickery asked for Slava Kaplan to be sentenced to probation, explaining that he came to the United States from Soviet Belarus when he was 15 years old, and became a law-abiding American who "is now especially ashamed of the fact that he violated the law of the country that saved his life." In their motion, the lawyers noted that at the height of the Covid-19 pandemic, Kaplan's doctor worked 80 hours a week in three hospitals, was separated from his family due to quarantine, and had to work among the dead, for whom there was no place in morgues, which could cause him to become infected and also die. With this in mind, Judge Woods kept his word and on January 5 sentenced Kaplan to 5 months in prison and three years of supervision after serving time, obliging him to return 475,054 ill-gotten dollars to the people of his new homeland.
