politics
Former Trump White House teleprompter operator to pay over $172,000 after insider-trading probe
The former White House teleprompter staffer who was charged with using privileged information to make bets on prediction markets will pay a $172,539.02 fine for his actions.
TL;DR
- Former White House teleprompter staffer Gabriel Perez to pay $172,539.02 fine.
- Fine includes $107,539.02 in earnings from prediction market bets and a $65,000 civil penalty.
- Perez used privileged information to bet on specific words President Trump would use in speeches.
- CFTC called the fine a 'substantial discount' due to Perez's 'exemplary cooperation'.
- Perez was placed on unpaid administrative leave and suspended after the news broke.