Russian businessman suspected of insider trading related to Trump Media: Report

Russian businessman suspected of insider trading related to Trump Media: Report

Business

Anton is accused of making $23m from insider trading on the Trump Media merger

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(Web Desk) - Russian-American businessman Anton Postolnikov is being accused of making nearly $23 million from alleged insider trading on the Trump Media merger with a Miami-based company, the Miami Herald reports.

Postolnikov is the owner of a Caribbean bank that caters to the porn industry and also reportedly loaned $8 million to Trump’s media company.

While he hasn't been charged, Postolnikov with three Florida-based businessmen currently being investigated for insider trading related to the same merger.

"Anton, Good times last night! Following up on that Trump Media Group SPAC we mentioned.

The deal is going to finalize this week. Please let us know if you are interested in investing..,"Oone of the man being investigated, Bruce Garelick, said in an email to Postolnikov "on or about June 24, 2021," according to court documents obtained by Newsweek.

Trump media did not respond to the outlet's request for comment.