Federal prosecutors arrested and charged three men with insider trading relating to a deal to bring former President Donald Trump's media company public. According to the indictment, the men illegally traded on knowledge that was not public that Digital World Acquisition Corporation was buying Trump Media & Technology Group, the owner of the social media platform Truth Social. the men allegedly tipped off friends about the deal, who purchased securities in Digital World. Once the deal was announced, the investments soared, and they all then sold their securities making more than $22M off the covert knowledge.