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Trump Media Investor Convicted Of Insider Trading

By
Madeleine Jackson
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3
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.

Senators Slam Liberal Scheme To House Illegal Aliens Instead Of Veterans

By
Donny Ferguson
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President Donald J. Trump participates in a roundtable discussion on immigration and border security at the U.S. Border Patrol Calexico Station Friday, April 5, 2019, in Calexico, Calif. (Official White House Photo by Shealah Craighead)

A group of United States senators are sounding the alarm on an effort by President Joe Biden to give illegal aliens free taxpayer-funded housing while thousands of American veterans are homeless.

To head off announced plans by the Biden administration to give free housing to illegal aliens, U.S. Sen. John Kennedy (R-LA) introduced the Heroes Over Aliens Act to “prohibit the use of federal dollars to house illegal aliens in the United States when veterans remain homeless,.”

“Veterans sacrificed for our country and deserve our thanks and support. The Heroes Over Aliens Act would prevent the Biden administration from prioritizing illegal immigrants over homeless heroes,” said Kennedy.

Sens. Tom Cotton (R-Ark.), Roger Marshall (R-Kan.), Marsha Blackburn (R-Tenn.) and Kevin Cramer (R-N.D.) are cosponsoring the legislation.

“With so many Americans, especially veterans, struggling thanks to Joe Biden’s failed economic policies, our country should not spend money housing the millions of migrants that his administration let cross our border. This bill will ensure that not a cent can be spent on shelter for illegal immigrants until our veterans are taken care of first,” said Cotton.

“In Joe Biden’s America, illegal immigrants are prioritized over our veterans. As homelessness increases across the nation, it is unthinkable that taxpayer funds are used to house those who break the law instead of American heroes. It’s common sense to stop all federal funding for this offensive practice while there are still thousands of veterans living on the streets,” said Blackburn.

“The Biden administration’s backwards border policies prioritize housing assistance for illegal aliens while neglecting homeless veterans. We must take care of each and every one of our own American heroes before using federal funds to house undocumented migrants,” said Cramer.

The bill is in response to announced plans by the Biden administration to give illegal aliens housing at federal taxpayer expense, after some liberal cities and states have ordered hotels to give rooms to illegals and reportedly kicked out veterans and schoolchildren so government facilities can be used as illegal alien housing.

“On June 12, 2023, August 21, 2023, and April 12, 2024, the Biden administration announced three separate actions to fund housing for immigrants—the majority of whom crossed the border illegally,” Kennedy’s office reports.

“The Department of Housing and Urban Development’s 2023 Annual Homeless Assessment Report found that there were 35,574 homeless veterans living in the U.S.—a 7.4 percent increase from the previous report and the largest increase in 12 years,” Kennedy’s office adds.

“The Biden administration’s open border policies have consumed federal and local resources and made it harder for states and localities to address veteran homelessness effectively,” Kennedy’s office concludes.

Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.

Trump Announces Plan To Appeal ‘Unconstitutional’ Gag Order

By
Madeleine Jackson
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0
Donald Trump via Gage Skidmore Flickr

Donald Trump is fighting back.

On Thursday, the presumptive Republican nominee announced that his legal team in the ongoing hush money trial has filed a motion to appeal Judge Juan Merchan’s “unconstitutional” gag order.

“I just want to let you know that we’ve just filed a major motion in the appellate division concerning the absolutely unconstitutional gag order, where I’m essentially not allowed to talk to you about anything meaningful that’s going on in the case. And many good things are going on with the case. It shouldn’t have been filed,” he said. 

The gag order which was imposed in March prohibits Trump from from attacking witnesses, prosecutors, court staff, and the judge’s family. The gag order does not prevent Trump from attacking the judge or Manhattan District Attorney Alvin Bragg (D). 

 The judge in the case has ruled Trump has violated the order 10 times, resulting in a total of $10,000 in fines, and threatened jail time if Trump continues to violate the order. 

Trump also read legal experts’ commentary on the case to members of the media on Thursday, when legal scholars such as Alan Dershowitz and Jonathan Turley slammed the trial. 

“‘This is a Frankenstein case. They took a dead misdemeanor, they attached it to a dead, alleged federal felony and zapped it back into life. So many of us are just amazed to watch this actually walk into court because it’s not a recognizable crime that any of us have seen,” Trump said, quoting Fox News contributor Turley. 

“‘I’ve been doing this for 60 years, and I don’t understand what crime he’s been charged with. Nobody understands this. I just don’t get the crime. There’s no evidence of any crime whatsoever. This is a sham,'” Trump continued, quoting Dershowitz. 

Trump is being charged with 34 counts of falsifying business records to make alleged hush money payments to porn actress Stormy Daniels.

On Tuesday, Trump’s team filed for a mistrial after Daniel’s shocking testimony. The move was denied.

Conservative Group FreedomWorks Shuts Down, Cites Trump Effect

By
Madeleine Jackson
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3
Gage Skidmore Flickr

On Wednesday, conservative group FreedomWorks announced it is shutting down, blaming Donald Trump for his “splintering effect” on the Republican Party.

“We’re dissolved,” said the group’s president, Adam Brandon. “It’s effective immediately.”

FreedomWorks’ board of directors voted unanimously on Tuesday to dissolve the organization, Brandon said. Wednesday was be the last workday for the group’s roughly 25 employees, though staffers will continue to receive paychecks and health care benefits for the next few months.

He said the decision to dissolve the company was driven by the ideological changes driven by Trump’s time in office.

“A lot of our base aged, and so the new activists that have come in [with] Trump, they tend to be much more populist,” Brandon said. “So, you look at the base and that just kind of shifted.”

He said FreedomWorks staff became divided into MAGA Trump supporters and “Never Trump” Republicans. Brandon said the organization saw “an erosion of conservative donors” because they specifically wanted the group to work for Trump, when the organization would only support Trump if it was on topics they agree with.

Brandon called it “an impossible situation” to navigate as some donors would say he wasn’t doing enough to support Trump and others would say he was doing too much. Brandon, who has been with FreedomWorks since 2005 and has acted as president for about 10 years, told the outlet he plans to create a new organization that is focused on politically independent millennials and Gen Z members.

The group’s closure doesn’t come as a complete shock for employees as FreedomWorks laid off 40 percent of its staff in March 2023, and its total revenue dropped by roughly half since 2022, Brandon told Politico.

Article Published With The Permission of American Liberty News.

Barron Trump To Serve As GOP Convention Florida Delegate

By
Madeleine Jackson
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2
Donald Trump via Gage Skidmore Flickr

It runs in the family…

Presumptive Republican presidential nominee Donald Trump’s youngest son Barron, 18, was named a Florida delegate for this year’s Republican National Convention.

Barron will serve as one of the 41 at-large GOP delegates to represent Florida at the July convention, where the party is expected to officially nominate his father as its presidential candidate to run against President Biden in November, Republican Party of Florida chairman Evan Power confirmed to The Associated Press.

Trump, who turned 18 earlier this year, joins three of the former president’s other children — Donald Trump Jr., Eric and Tiffany — who were also selected as delegates. NBC News first reported Barron’s selection as a delegate Wednesday.

“We are fortunate to have a great group of grassroots leaders, elected officials, and members of the Trump family working together as part of the Florida delegation to the 2024 Republican National Convention,” Power said in an emailed statement to the AP.

Barron, who was 10 when his father was elected to the White House in 2016, was mostly kept out of the public spotlight while the former president was in office.

Court Asked To Rule Against Trump Prosecutor Who Failed To Respond To Record Lawsuit

By
Donny Ferguson
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2
Gavel via Wikimedia Commons Image

A high profile conservative law firm is asking a Georgia court to enter a default judgment against anti-Trump prosecutor and liberal Fulton County District Attorney Fani Willis, after Willis failed to respond to a lawsuit demanding documents detailing her coordination with Washington liberals in Trump’s case.

The non-profit public interest law firm Judicial Watch announced it “has asked the Superior Court of Fulton County, Georgia, to declare a default judgment against District Attorney Fani Willis in Judicial Watch’s lawsuit seeking records of communications Willis had with Special Counsel Jack Smith and the House January 6 Committee.”

The motion was filed after Willis simply refused to respond to Judicial Watch’s suit seeking what are supposed to be publicly-available records.

“I think this is the first time in Judicial Watch’s thirty years that a government official failed to answer an open records lawsuit in court,” Judicial Watch President Tom Fitton said. “This further shows Ms. Willis has something to hide about her collusion with the Biden administration and Nancy Pelosi’s Congress on her unprecedented and compromised ‘get-Trump’ prosecution.”

“The lawsuit was filed in the Superior Court of Fulton County, GA, after Willis and the county denied having any records responsive to an August 2023 Georgia Open Records Act request for communications with the Special Counsel’s office and/or the January 6 Committee (Judicial Watch Inc. v. Fani Willis et al. (No. 24-CV-002805)). (Judicial Watch dismissed Fulton County from the lawsuit.),” Judicial Watch notes.

Judicial Watch notes Willis “was served with the lawsuit on March 11, 2024, but that she has not yet answered it,” writing in its motion:

Defendant has not filed an answer and no answer has been served upon [Judicial Watch].… Defendant’s answer was due 30 days after service, or on April 10, 2024. Pursuant to [Georgia law] the case automatically became in default when an answer was not filed by the due date. Further pursuant to that Code section, Defendant was permitted as a matter of right to open the default within 15 days of the day of default, or by April 25, 2024.

Judicial Watch asserts it “is now entitled to a verdict and judgment by default.”

By all accounts, Willis coordinated her case with some liberals in Washington, and has records that Judicial Watch and the public are legally entitled to see.

In its lawsuit Judicial Watch states that Willis’ “representation about not having records responsive to the request is likely false.”

Judicial Watch points to “a December 5, 2023, letter from House Judiciary Committee Chairman Jim Jordan to Willis that cites a December 2021, letter from Willis to then-House January 6 Committee Chairman Bennie Thompson. In that letter Willis requested assistance from the committee and offered to travel to DC.”

Judicial Watch also cited “news reports and other records which ‘indicate that representatives of Willis’s office traveled to Washington, DC, and met with January 6 Select Committee staffers in April, May, and November 2022, as Willis proposed in her December 17, 2021 letter …’”

Judicial Watch is assisted in the case by John Monroe of John Monroe Law in Georgia.

Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.

Former House Speaker Announces He Won’t Vote For Trump

    By
    Madeleine Jackson
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    8
    Gage Skidmore Flickr

    Former House Speaker Paul Ryan (R-Wisc.) does not plan to support Donald Trump’s latest bid for the White House.

    The former lawmaker said in an interview that he plans to write in a different Republican’s name on the ballot but stopped short of revealing who it is.

    “Character is too important to me,” Ryan, who left Congress in 2019, told Yahoo Finance at the Milken Global Institute Conference. “And it’s a job that requires the kind of character that he just doesn’t have.”

    “Having said that, I really disagree with [President Biden] on policy,” he added. “I wrote in a Republican the last time, I’m gonna write in a Republican this time.”

    Ryan, the head of the Republican House majority during Trump’s first two years in the White House, has become a vocal critic of the former president.

    “Historically speaking, all of his tendencies are basically where narcissism takes him, which is whatever makes him popular, makes him feel good in any given moment,” Ryan said in an interview late last year.

    “He doesn’t think in classical liberal conservative terms,” he continued at the time. “He thinks in an authoritarian way, and he’s been able to get a big chunk of the Republican base to follow him because he’s the culture warrior.”

    Appeals Court To Weigh Trump’s Bid To Disqualify Fulton County DA

    By
    Madeleine Jackson
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    2
    Donald Trump via Gage Skidmore Flickr

    On Wednesday, the Georgia Court of Appeals agreed to review former President Donald Trump’s application to appeal Judge Scott McAfee’s ruling to keep embattled Fulton County District Attorney Fani Willis on the case.

    The district attorney’s office had opposed the move. 

    “Upon consideration of the Application for Interlocutory Appeal, it is ordered that it be hereby GRANTED,” read the one-page ruling from the Georgia Court of Appeals. 

    Judge McAfee’s order in March said that special prosecutor Nathan Wade had to be removed in order to keep Willis from disqualification in the Trump election interference case in Georgia. Willis and Wade were alleged to have had an “improper” romantic affair.

    Trump and his co-defendants contended that McAfee’s factual findings made clear the romance amounted to more than just an apparent conflict of interest.  

    “If this law means anything, the trial court’s actual findings here establish an actual conflict,” their application for an appeal read. 

    Steve Sadow, who represents Trump in the case, welcomed the development.

    “President Trump looks forward to presenting interlocutory arguments to the Georgia Court of Appeals as to why the case should be dismissed and Fulton County DA Willis should be disqualified for her misconduct in this unjustified, unwarranted political persecution,” Trump attorney Steve Sadow said in a statement. 

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

    Newsmax Host Delivers Blunt Assessment To Former VP Contender

    By
    Madeleine Jackson
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    2

    South Dakota Governor Kristi Noem is in hot water over her recent book and it could cause a major dent in her career.

    Noem’s new memoir No Going Back has sparked several controversies over its content, including an anecdote about Noem killing her 14-month-old dog and a story about the governor meeting North Korean leader Kim Jong-un which the Republican has yet to corroborate.

    Interrogating Noem over the book on Newsmax’s Wake Up America, Rob Finnerty assessed that Donald Trump likely won’t invite the Republican to be his running mate due to the recent scandal.

    Finnerty then said, “Governor, if you asked me a month ago who’s at the top of the list to run with Donald Trump, I would have said your name. If you asked me that same question this morning, I don’t even think you’re on the list.”

    The host went on to say that the content within Noem’s book, specifically her allegedly fabricated meeting with Kim Jong-un, is likely what spoiled her chances of becoming Trump’s running mate.

    “I should not have put that anecdote in the book,” conceded Noem, to which Finnerty shot back, “But an anecdote indicates that it happened, right?”

    “I’m not going to talk about my conversations with world leaders,” Noem bluntly declared – a statement she has made repeatedly when pressed about the alleged meeting with Kim Jong-un.

    Finnerty snapped, “Governor, I’m not asking you about the details of this alleged meeting. I’m asking if the meeting actually happened. I don’t think it did and I think if it did, you’d be able to confirm for me that, ‘Yes, it did, and here’s when it happened.’ It happened, say, at such and such a date or a month or you don’t have to be specific.”

    After Noem refused yet again to say whether the alleged meeting actually took place, Finnerty continued, “Again, I think at one point you were at the top of that list, but you’re going to get questions a lot more difficult than that.”

    Despite endorsing Noem’s book, Trump allegedly told several people he was “disgusted” by the governor’s anecdote about killing her 14-month-old dog Cricket in a gravel pit.

    According to unnamed sources, Trump was baffled by Noem’s confession that she shot her dog after it proved “less than worthless” as a hunting dog and questioned, “Why would she do that?” and “What is wrong with her?”

    Trump Classified Docs Trial Postponed Indefinitely

    By
    Madeleine Jackson
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    1
    Gavel via Wikimedia Commons Image

    This is exactly what Trump wanted…

    On Tuesday evening, Florida Judge Aileen Cannon indefinitely postponed former President Trump’s Mar-a-Lago documents case.

    The Tuesday order was issued less than two weeks before Trump’s trial was still on the books to kick off on May 20.

    The Hill has more:

    Cannon pinned the delay on the need to resolve numerous issues dealing with how classified information will be handled at trial, details governed by the Classified Information Procedures Act (CIPA). 

    “The Court also determines that finalization of a trial date at this juncture — before resolution of the myriad and interconnected pre-trial and CIPA issues remaining and forthcoming — would be imprudent and inconsistent with the Court’s duty to fully and fairly consider the various pending pre-trial motions before the Court,” Cannon wrote. 

    In laying out the new schedule, Cannon noted that she still has “eight substantive pretrial motions” she must rule on. 

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