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. He also reportedly owns residences on exclusive Fisher Island in Miami and is the nephew of a former high-ranking Russian government official who at one time was a staffer for Russian President Vladimir Putin, according to media reports.
Last month, the insider trading allegations surfaced in a New York securities fraud case brought last year against three South Florida men: Michael Shvartsman, 52, of Sunny Isles Beach; Gerald Shvartsman, 46, of Aventura; and Bruce Garelick, 54, of Fort Lauderdale, the Miami Herald reported. The trio is accused of making about $23 million from insider trades on the Trump Media merger with a Miami-based company, Digital World Acquisition Corp., and sharing non-public information with their friends and business associates about the impending deal so they could make money, the indictment claims.
Notably, Trump, who is the Chairman of the media company, has not been linked or accused of any wrongdoing in the case.
Other court filings in the federal insider trading case suggest that more charges could beforth coming but it’s unclear if Postolnikov would be added as a defendant.
Only time will tell how this pans out.
