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Trump Media Investor Convicted Of Insider Trading

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Arrest image via Pixabay

On Thursday, a Manhattan grand jury found financier Bruce Garelick guilty of insider trading charges in a scheme that involved the merger of former President Donald J. Trump’s social media company with a publicly traded shell company.

Federal prosecutors had charged Garelick with five counts of securities fraud and conspiracy. 

Authorities claimed Garelick shared confidential information with his boss and at least one other person that Trump Media & Technology Group, the parent company of Truth Social, was close to announcing a merger with Digital World Acquisition Group, the shell company.

Mr. Garelick, 54, a former hedge fund manager, had been a board member of Digital World. 

The New York Times has more:

The information helped two brothers — Michael Shvartsman and Gerald Shvartsman — make nearly $23 million in illegal trading profits by buying Digital World securities in advance of the announcement, which sent the stock soaring. Mr. Garelick, who worked for Michael Shvartsman at a small Miami-based venture capital firm called Rocket One, made about $50,000 by trading off what authorities said was nonpublic information.

Last month, the Shvartsman brothers decided to forgo a trial and pleaded guilty to securities fraud charges. In their plea agreements, prosecutors have recommended a sentence of roughly four to five years for Michael Shvartsman; and three to four years for his younger brother.

Digital World raised about $300 million from investors in its initial public offering in September 2021. A little over a month later, the SPAC announced a deal to merge with Trump Media. After a long delay, the merger was completed in March and Trump Media became a publicly traded company. Mr. Trump’s nearly 70 percent stake in the firm is worth about $6 billion.

In a closing argument, Daniel Nessim, a federal prosecutor, described Mr. Garelick as a “sophisticated professional” who “cheated” and used inside information to benefit himself and his boss, Michael Shvartsman.

Garelick could face at least 25 years in prison.

This is a breaking news story. Please check back for updates.

Trump Urges Governors to Embrace AI Data Centers as Public Opposition Grows

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President Donald J. Trump visits the El Arepazo Doral restaurant, Monday, March 9, 2026, in Miami, Florida. (Official White House Photo by Daniel Torok)

President Donald Trump is urging governors and mayors to welcome artificial intelligence data centers into their communities, arguing that the enormous facilities will generate jobs, tax revenue and technological breakthroughs even as Americans increasingly express concerns about their impact on electricity, water and the environment.

Speaking during a White House meeting with technology and cryptocurrency industry leaders, Trump argued that communities rejecting data-center projects risk being left behind as the United States races to expand its AI infrastructure.

“If I were the mayor of a town or the governor of a state, and I had a chance to get a big plant in an AI plant or a data center, I would absolutely want it because the jobs are enormous, and the money paid, the taxes paid are just enormous,” Trump said.

“And if you don’t take it, you’re going to be left behind because there are plenty of places that want it,” he added.

“Many of them are designed in a very beautiful way,” he said. “It’s really very positive.”

Americans Aren’t So Sure

Trump acknowledged that the rapidly expanding industry may need “a little public relations help,” and polling suggests he has a point.

A Gallup poll released in May found a majority of Americans opposed construction of data centers in their own communities. Among the major concerns are the facilities’ substantial electricity and water requirements, as well as their potential environmental effects.

The electricity issue has become particularly contentious as the AI boom accelerates. Data centers require enormous quantities of power to operate servers and cooling systems, raising questions about whether their expansion could strain electrical grids or ultimately increase utility costs for ordinary consumers.

The Trump administration has attempted to manage that backlash by encouraging technology companies and data-center developers to secure additional sources of electricity rather than simply adding their enormous demand to existing grids.

Trump has also backed efforts to speed construction. An executive order issued in July 2025 called for accelerating federal permitting for qualifying data-center infrastructure.

The president argued Wednesday that communities should weigh those concerns against the economic benefits the projects can bring.

Trump Points to Jobs and Medical Breakthroughs

Asked what he would tell Americans who remain skeptical about AI, Trump again emphasized employment while making a broader case for the technology’s potential.

“I think it’s going to create a lot of jobs. It’s going to create success. It’s going to create tremendous innovation medically,” Trump said.

He referenced an unspecified medical development he had recently reviewed involving a “pretty unstoppable disease.”

“All of a sudden they’re coming up with answers that they never thought were possible,” Trump said.

AI is already being explored for uses ranging from drug discovery and medical imaging to disease detection and personalized treatment, making health care one of the areas frequently cited by the industry’s proponents when arguing that the enormous investments in computing infrastructure could produce benefits beyond the technology sector.

Trump Wants Regulation Without ‘Stifling’ AI

The administration is simultaneously confronting another question: how aggressively Washington should regulate a technology Trump believes could become even more consequential than the internet.

“We’re leading by a lot with AI. We want to keep it that way,” Trump said. “We want to regulate, but we want to have regulation where they can continue to lead, not regulation that’s going to stifle a very important industry.”

Trump has made winning the global AI race a significant economic and national-security priority of his second administration.

On his second day back in office in January 2025, Trump appeared alongside technology executives to announce Stargate, a private-sector venture with plans to invest as much as $500 billion in American AI infrastructure.

Its flagship data-center complex in Abilene, Texas, has since become partially operational, while additional projects have been pursued around the country.

But the scale of the buildout has also transformed data centers from an obscure piece of digital infrastructure into a local political issue. Communities that once competed enthusiastically for major corporate investments are increasingly weighing promised construction jobs and tax revenues against higher electricity demand, water consumption, land use and potential effects on utility bills.

READ NEXT: Biden Weaponizing Artificial Intelligence (AI) to be ‘Woke’

Trump Returns To Twitter – Now X

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Photo via Pixabay images

Former President Donald Trump’s official X account is back…for now.

The first ad, posted at 2:54 am, included a voiceover from Ronald Reagan and was captioned, “Are you better off now than you were when I was president? Our economy is shattered. Our border has been erased. We’re a nation in decline. Make the American Dream AFFORDABLE again. Make America SAFE again. Make America GREAT Again!”

Another ad was published at 3:00 am and read, “They want to silence me because I will never let them silence you. They’re not coming after me, they’re coming after you. I just happen to be standing in their way and I’m never moving. We will Make America Great Again!”

Musk and Trump will talk live on X at 8 pm ET and Musk has already addressed the technical issues that have plagued past events – including the glitchy of Florida Gov. Ron DeSantis’s (R) presidential campaign last spring.

“Am going to do some system scaling tests tonight & tomorrow in advance of the conversation,” Musk wrote on X ahead of the event.

Trump had been banned from Twitter, which Musk bought for a staggering $44 billion and renamed X, after the January 6th attack on the U.S. Capitol.

Trump has only posted once since Musk restored his Twitter account, @realDonaldTrump, as the former president reserves his social media usage for Truth Social, which he owns. In August of 2023, Trump post his Fulton Country jail mugshot with a link soliciting donations.

Billionaire Makes Massive Political Contribution To Trump

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Image via Pixabay free images

One of the largest single disclosed gifts ever…

A reclusive billionaire from a storied American family with a legacy dating back to the Gilded Age has made one of the largest political contributions in the history of American politics.

Timothy Mellon, heir to the Mellon banking fortune, made a $50 million contribution to the pro-Trump super PAC, Make America Great Again Inc.

At the end of April, the organization had only $34.5 million.

In a memo following Mellon’s donation, the PAC announced it had reserved $100 million in advertising through Labor Day.

The New York Times continues:

Mr. Mellon is now the first donor to give $100 million in disclosed federal contributions in this year’s election. He was already the single largest contributor to super PACs supporting both Mr. Trump and Robert F. Kennedy Jr., who is running as an independent. Mr. Mellon has previously given $25 million to both.

Gage Skidmore from Peoria, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons

Democrats have sought to portray Mr. Kennedy as a spoiler supported by Republicans, in part by emphasizing Mr. Mellon’s dual contributions and seemingly split loyalties. The pro-Kennedy super PAC has distributed quotations from the hard-to-reach Mr. Mellon, and for a blurb that appears on the cover of Mr. Mellon’s upcoming book, Mr. Kennedy called the billionaire a “maverick entrepreneur.”

It is not clear what Mr. Mellon’s mega-donation means for his support of Mr. Kennedy going forward. He has so far toggled between giving to support both candidates. His most recent donation to Mr. Kennedy’s super PAC was a $5 million contribution in April.

But Mr. Mellon’s $50 million gift will significantly help pro-Trump forces narrow the financial advantage that President Biden and his allies have enjoyed so far. Miriam Adelson, the casino billionaire and widow of Sheldon G. Adelson, who died in 2021, has also made plans to fund a pro-Trump super PAC with at least as much money as the $90 million that her family gave in the 2020 campaign, although much of the cash has yet to arrive.

Mellon’s contributions follow Donald Trump‘s conviction in a hush money trial.

Critics argue that the case is politically motivated and based on an overly broad interpretation of campaign finance laws. They add that such payments are common among public figures seeking to avoid public scrutiny.

The Mellon family‘s wealth started when an Irish immigrant named Thomas Mellon founded T. Mellon & Sons’ Bank in Pittsburgh in 1869. His sons, Andrew W. Mellon and Richard B. Mellon, later grew the bank into a strong financial institution. This bank eventually became Mellon Financial Corporation, one of the largest banking institutions in the United States.

During the late 19th and early 20th centuries, Andrew Mellon played a crucial role in financing and supporting key industries such as aluminum, oil, and steel, contributing to the growth of major corporations, such as Gulf Oil, and Union Steel. As secretary of the Treasury from 1921 to 1932, his influence shaped the economic policies of the 1920s, known as the Mellon Plan, which contributed to the economic boom of the decade.

National Photo Company Collection, Public domain, via Wikimedia Commons

In 2007, Mellon Financial Corporation merged with The Bank of New York to form BNY Mellon, one of the world’s largest asset management and securities services companies, preserving their 150-year legacy in banking and finance.

Article Published With The Permission of American Liberty News

Obama Claims New Yorkers ‘Don’t Take Trump Seriously’

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The White House, Public domain, via Wikimedia Commons

During a podcast interview, former President Barack Obama swiped at Donald Trump claiming the former President is not taken “seriously” in the city he called home for years, New York City.

Obama appeared alongside Bill Clinton and President Biden in the newest episode of the “SmartLess” podcast. 

Obama was asked on the “SmartLess” podcast by co-host Jason Bateman whether he was surprised how quickly the “protection and passion for democracy was diluted” in recent years. Obama responded by noting the trend began during former President Clinton’s time in the White House before accelerating during his presidency.

“I have been surprised that there haven’t been guardrails inside the Republican Party. Trump didn’t surprise me,” he said, before taking aim at Trump.

“I mean, he comes from New York. There’s nobody in New York who does business with him or lend him money. He’s not considered a serious guy here,” Obama added.

Obama went on to explain how he thought more Republicans would say some of Trump’s behavior went too far.

“But, so I was surprised he was elected, but I wasn’t surprised in terms of his behavior. I did expect, and I suspect Bill and Joe, you’d agree with this, that there would be some folks in the Republican Party who would say, no, you can’t go that far. You can’t start praising Putin and saying that his intelligence is better than the US intelligence agencies,” he said.

Trump is currently on trial in New York for falsifying business records to make alleged hush money payments to porn actress Stormy Daniels.

Report: United CEO Pitches Merger to Trump That Would Create World’s Largest Airline

Image via Pixabay

United Airlines CEO Scott Kirby is reportedly floating a blockbuster idea inside the Trump orbit: a potential merger with American Airlines that would create the largest airline in the world — and instantly reshape the U.S. aviation industry.

According to reports, Kirby raised the possibility toward the end of a White House meeting focused on the future of Washington Dulles International Airport. The timing is notable. Transportation Secretary Sean Duffy has already launched an initiative to “revitalize” Dulles, signaling a broader push to strengthen major U.S. travel hubs and compete globally.

And the stakes are massive. Data from the Metropolitan Washington Airports Authority shows that a dominant 68.5 percent of commercial passengers at Dulles in December flew United — underscoring just how much influence one airline already holds at a key East Coast gateway.

Now imagine that power combined.

In 2023, United and American ranked first and third, respectively, in revenue by passenger miles among U.S.-based airlines, according to the Bureau of Transportation Statistics. A merger between the two wouldn’t just be big — it would create an aviation giant unlike anything seen before, potentially giving the U.S. a dominant global carrier at a time of rising international competition.

Kirby, who knows both companies well, previously served as president of American Airlines after its 2013 merger with U.S. Airways before joining United in 2016 — adding another layer of intrigue to the reported pitch.

Not surprisingly, the reaction from Washington’s political class — especially on the left — was immediate and hostile.

Sen. Ruben Gallego (D-Ariz.) fired off a blunt response on X, writing, “That’s gonna be a no.”

Matt Stoller, a researcher at the anti-monopolist American Economic Liberties Project, went even further, calling the idea “corporate crime” that is “now legal.”

But behind the outrage is a deeper policy divide. Under Trump appointee Andrew Ferguson, the Federal Trade Commission has taken a more business-friendly approach than it did under former Chair Lina Khan, whose aggressive antitrust stance often targeted large corporate mergers. For many conservatives, that shift reflects a broader belief that American companies need scale to compete with state-backed foreign rivals — particularly in industries like aviation.

Still, even some legal experts say the proposal would face an uphill battle.

Antitrust lawyer Seth Bloom told Reuters the deal would be unlikely to survive regulatory scrutiny, warning that it could hit consumers where it hurts most: prices.

“The administration has said it really cares about the issues that affect the consumer’s pocketbook, and this would give the airlines more pricing power,” Bloom said.

That tension — between building a stronger, more competitive American airline industry and protecting consumers from higher costs — is likely to define the debate if this idea gains traction.

For now, Kirby’s reported pitch remains just that — a pitch.

Judge Judy Labels Trump Hush Money Case ‘Nonsense’

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Donald Trump via Gage Skidmore Flickr

A waste of time and taxpayer dollars…

“Judge Judy” Sheindlin called Manhattan District Attorney Alvin Bragg’s (D) hush money case against former President Trump “nonsense” in a recent interview.

“You gotta twist yourself into a pretzel to figure out what the crime was. [Bragg] doesn’t like him — New York City didn’t like him for a while,” Sheindlin said of Trump in a “Who’s Talking to Chris Wallace?” interview streaming Friday on Max.

“I would be happier, as someone who owns property in Manhattan, if the district attorney of New York County would take care of criminals who were making it impossible for citizens to walk in the streets and use the subway, to use his efforts to keep those people off the street, than to spend $5 million or $10 million of taxpayers’ money trying Donald Trump on this nonsense,” the longtime TV judge told Wallace.

Watch:

“I, as a taxpayer in this country, resent using the system for your own personal self-aggrandizement,” the “Judy Justice” personality said of Bragg.

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Asked by the CNN anchor what she thought of Trump, the 81-year-old former Manhattan Family Court judge replied, “I think he was a good businessman, a real estate guy. And he was certainly terrific on ‘The Apprentice.’”

The celebrity judge’s comments come as the Manhattan DA seeks an extension of the restraining order against former President Donald Trump. (RELATED: Manhattan DA Seeks Extended Gag Order Against Trump Amid Death Threats To Bragg)

They argue that Trump’s public statements have increased tensions and led to threats against Bragg and his team before Trump’s July 11 sentencing.

The Manhattan District Attorney’s Office charged Trump with 34 counts of falsifying business records as part of a hush-money scheme to prevent porn star Stormy Daniels from speaking out about her alleged extramarital affair before the 2016 presidential election.

Before Trump, no sitting or former president ever faced criminal charges. This is the lowest level felony in New York, any potential sentence will more than likely be served after the 2024 election.

As The New York Times reports:

The order, issued before Mr. Trump’s Manhattan criminal trial began in mid-April, bars him from attacking witnesses, jurors, court staff and relatives of the judge who presided over the trial, Juan M. Merchan.

Mr. Trump’s lawyers have sought to have the order lifted since Mr. Trump’s conviction in late May. But in a 19-page filing on Friday, prosecutors argued that while Justice Merchan no longer needed to enforce the portion of the gag order relating to trial witnesses, he should keep in place the provisions protecting jurors, prosecutors, court staff and their families.

Article Published With The Permission of American Liberty News

Former PayPal President Ditches Democrat Party, Endorses Trump

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Trump just scored another major donor…

Former president of PayPal David Marcus announced he has switched political parties and endorsed Donald Trump via X.

“I am crossing the Rubicon and backing the Republican Party and President Trump. Many — including a former version of myself — get trapped in a mental framework that becomes their identity and prevents them from radically evolving their thinking with new facts and information. I finally broke free from it.”

“My journey has been a gradual political 180 from where I stood in every previous election. It has been an eye-opening process of disenchantment, zero-basing lifelong beliefs, and rebuilding from there,” wrote Marcus.

Marcus cited an anecdote where, in 2017, he was enlisted to raise $100M from Silicon Valley for the Democratic National Convention in order to “prevent a repeat of Hillary Clinton’s inadequate, outdated 2016 campaign.”

David Marcus is aligned with Trump on technology innovations like crypto and AI as well as foreign policy–especially the Middle East. Marcus opined, “on Iran, this administration is continuing a misguided Obama-era plan to bring Iran closer to the West by unfreezing Trump-era sanctions, thus giving the Mollahs’ regime the ability to fund terrorism and pursue its anti-America, anti-Israel, and anti-Jewish agenda.”

“I believe we need a President who is unequivocally pro: America, the Constitution, business, Bitcoin/crypto, innovation, Israel, small government, legal immigration, free speech, meritocracy, and common sense — and anti: regulatory proliferation, illegal immigration, unjust wars, Iran’s current regime, and domestic groups that oppose American values.”

Marcus completed his post by referencing the attempt on former President Trump’s life at a rally in Butler, PA on July 13.

“It’s impossible to close this post without mentioning President Trump’s recent assassination attempt. The courage and resolve he displayed seconds after being hit by a bullet was awe-inspiring for his followers and detractors alike. This was a man, however imperfect, who, at that moment, incarnated the American spirit in the most vivid way, starting to bring a split nation together,” wrote Marcus.

“In this pivotal moment, confronted with the choices we have, I am endorsing and supporting a return to a Republican administration in 2025,” the post concluded.

Trump has seen a number of prominent pro-business donors flock to his campaign this season as Republicans seek to a return to the White House.

Elon Musk Accuses Trump Ally Of ‘Leaking’ Info To The Media

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UK Government, CC BY 2.0 , via Wikimedia Commons

Tensions are running high within Trump’s inner circle…

Billionaire Elon Musk clashed publicly with Boris Epshteyn, one of Trump’s closest allies in what sources called a “massive blowout” over key Cabinet appointments.

According to three sources cited by Axios, the dispute reached a boiling point during a dinner at Trump’s Mar-a-Lago club last week during which Musk accused Epshteyn of leaking sensitive details about the transition process, including potential personnel picks.

“You don’t know what you’re talking about,” Epshteyn reportedly fired back during the heated exchange.

The altercation highlights a power struggle as Musk, a newcomer to Trump’s inner circle, increasingly advocates for his preferred candidates. Musk has reportedly criticized Epshteyn’s influence in selecting Justice Department nominees, including Matt Gaetz for attorney general.

Musk is lobbying for Howard Lutnick, co-chair of Trump’s transition team, as Treasury secretary, over Wall Street veteran Scott Bessent.

Despite the friction, Musk maintains considerable support among Trump’s family and allies. 

However, the tech billionaire’s growing role in the transition has rankled longtime Trump loyalists, who view him as overstepping boundaries. 

Musk has been among the president-elect’s most vocal and influential supporters since he endorsed Trump immediately after a July assassination attempt at a Pennsylvania rally but some in Trump’s inner circle say the Tesla CEO is being to overstay his welcome.

“Elon won’t go home. I can’t get rid of him. Until I don’t like him,” Trump quipped, according to a source in the room when Trump met with Republican lawmakers on Capitol Hill last Wednesday.

some Republicans have questioned how long Trump and Musk can happily co-exist, particularly given Trump’s past frustration with those who take up too much of the spotlight.

“Trump is not going to have another alpha. I think Trump is going to tire of him,” one source close to the transition told The Hill.

One Republican lobbyist with ties to Trump said there are some in the president-elect’s orbit who think Musk is “a little big for his britches.”

Trump transition team spokesperson Karoline Leavitt did not respond to requests for comment from The Hill, but in a statement on Wednesday to NBC News described Musk and Trump as “great friends and brilliant leaders working together to Make America Great Again.”

“Elon Musk is a once in a generation business leader and our federal bureaucracy will certainly benefit from his ideas and efficiency,” Leavitt said.

Facebook Admits ‘Mistake’ In Censoring Iconic Trump Assassination Attempt Photo

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Photo via Pixabay images

On Monday, a Facebook spokesperson admitted the platform wrongly called the popular image of Donald Trump pumping his fist in the air after an assassination attempt against him an “altered photo.”

Meta Public Affairs Director Dani Lever later explained on X it was done in error as the systems were meant to detect a separate version of the image.

“This was an error. This fact check was initially applied to a doctored photo showing the secret service agents smiling, and in some cases our systems incorrectly applied that fact check to the real photo. This has been fixed, and we apologize for the mistake,” Lever wrote.

Lever confirmed the mistake when Fox News Digital reached out for a comment.

The altered image Lever referenced featured the Secret Service members surrounding Trump smiling. USA Today and AFP United States previously fact-checked the images as “altered,” though it confirmed the accuracy of the original image.

“None of the agents in the original image are smiling as they surround Trump, who has blood on his face and his right arm in the air. The image – which was captured by Associated Press photographer Evan Vucci and distributed by the AP – appeared with coverage of the shooting by CNN, The Atlantic, Business Insider and many other legitimate news outlets,” USA Today explained.

USA Today’s fact-check on the altered photo was used as a “third-party fact-checker” when Facebook corrected the photo.

Google has recently come under criticism for omitting search results for Trump’s recent assassination attempt.