Gerald Shvartsman was sentenced to 22 months in prison for his involvement in an insider trading scheme related to the merger of Digital World Acquisition Corp. and Trump Media & Technology Group, which resulted in a profit of at least $4.6 million. His brother, Michael Shvartsman, received a 28-month sentence the following day for similar charges. Both brothers pleaded guilty to securities fraud charges, and another associate, Bruce Garelick, was found guilty earlier and is awaiting sentencing. Prosecutors argued for a harsher sentence, citing the severity of their actions, while the defense sought probation, emphasizing the personal and professional repercussions faced by the Shvartsmans. Despite the legal troubles surrounding the merger, former President Donald Trump and his company were not implicated in any wrongdoing. The stock of Trump Media has experienced volatility recently, reflecting broader market trends as the upcoming presidential election approaches.