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A Miami investor who pleaded guilty to making insider trades connected to the parent company of President Trump’s Truth Social platform helped fund a pro-Trump documentary film in hopes of securing a presidential pardon, according to a lawsuit by an L.A. studio that accuses him of threats and extortion.
Michael Shvartsman pleaded guilty in 2024 to insider trading associated with the Trump Media & Technology Group, which federal prosecutors said netted him $18.2 million in ill-gotten gains.
Four months later, Shvartsman helped fund the documentary “The Man You Don’t Know” in an effort to obtain a pardon, according to the lawsuit filed last month in Los Angeles. He denies the allegations.
A company controlled by Shvartsman provided a $425,000 loan in August 2024 to help fund the film, according to the suit. The film featured interviews with Trump’s sons Eric Trump and Donald Trump Jr. and painted a flattering portrait of the president.
Shvartsman attended the film’s premiere that October at Trump’s Mar-a-Lago club in Palm Beach, Fla., where he revealed, according to the lawsuit, that he had provided financing for the movie and “was hoping his participation would enable him to get a pardon.”
The event featured a who’s who of Trump-world insiders, including former New York Mayor Rudolph W. Giuliani, the late pro wrestler and media personality Hulk Hogan, Eric and Donald Trump Jr., as well as the former and soon-to-be president.
Shvartsman and his associates “arranged meetings” with “contacts and stars” associated with the movie in the hopes of achieving his goal of a pardon, the lawsuit said, though it doesn’t state specifically whom he targeted.
Shvartsman had good reason to seek their help.
Days before the event, he had been sentenced by a federal judge in New York to two years and four months in prison for insider trading connected to the announcement of a merger that would make Trump Media & Technology Group a publicly traded company.
Shvartsman, who is a Canadian citizen, also faced the prospect of deportation after his sentence.
Shvartsman said he “disputes all facts and allegations” in the lawsuit and plans to file a countersuit.
“We are not going to litigate this matter through the press,” he wrote in a message to The Times. “We intend to address the issues through the appropriate legal process, where the relevant facts and documentation can be properly presented and considered.”
Shvartsman’s efforts to mitigate his penalty weren’t limited to the documentary film. A day before his sentencing, the Aleph Institute, a Jewish criminal justice reform group, filed a letter to the federal court in New York laying out a proposed community service plan for Shvartsman to follow. The group had been instrumental in helping secure clemency during Trump’s first term for Philip Esformes, a south Florida man who was serving a 20-year prison sentence for his role in a $1.3-billion Medicare fraud scheme.
