US government charges 8 social media influencers over alleged pump-and-dump scheme | CNN Business

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The Securities and Exchange Commission has charged seven Twitter users and a podcaster in an alleged $100 million stock manipulation scheme run through social media, the agency said Wednesday

According to the SEC, the seven Twitter users also used the messaging app Discord to promote certain stocks to “hundreds of thousands of followers,” and then quietly sold their positions after a run-up in the stocks’ prices. The alleged scheme dated back to at least January 2020 and involved a nationwide network of participants, including four of the defendants who reside in Texas; two in California; one in New Jersey and one in Florida.

The Justice Department simultaneously filed separate criminal fraud charges against the defendants, the SEC said. The alleged scheme was active until about April of this year, according to a Justice Department release, and resulted in at least $114 million in profits. Altogether, the defendants had more than 1.5 million Twitter followers. Two of the defendants allegedly ran a group on Discord known as Atlas Trading.

 

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This story is all about what I do , I learn so much by being attentive and watching the evil people go about there evil ways it’s a learning experience to see other people conspiring to cause other people harm this is fascinating

Those people should be getting worse punishment than the Chrisley's

¿ViejoCuecha eres uno de esos 7?

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