Postolnikov, is the proprietor of a Caribbean financial institution that caters to the porn trade and in addition reportedly loaned $8 million to Trump’s media firm. He additionally reportedly owns residences on unique Fisher Island in Miami and is the nephew of a former high-ranking Russian authorities official who at one time was a staffer for Russian President Vladimir Putin, in response to media stories.
Final month, the insider buying and selling allegations surfaced in a New York securities fraud case introduced final 12 months in opposition to three South Florida males: Michael Shvartsman, 52, of Sunny Isles Seashore; Gerald Shvartsman, 46, of Aventura; and Bruce Garelick, 54, of Fort Lauderdale, the Miami Herald reported. The trio is accused of constructing about $23 million from insider trades on the Trump Media merger with a Miami-based firm, Digital World Acquisition Corp., and sharing private data with their mates and enterprise associates in regards to the impending deal so they might earn a living, the indictment claims.
Notably, Trump, who’s the Chairman of the media firm, has not been linked or accused of any wrongdoing within the case.
Different courtroom filings within the federal insider buying and selling case recommend that extra fees may beforth coming however it’s unclear if Postolnikov could be added as a defendant.
Solely time will inform how this pans out.
