News Formal

Eight finance influencers indicted in $100-million stock manipulation scheme

  • 📰 latimes
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 82%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The SEC and U.S. prosecutors filed cases against eight influencers, including two in California, accusing them of using Twitter and Discord to manipulate stocks.

Eight influencers, based from California to Florida, promoted themselves on social media as financial gurus who could pick winning stocks.scheme, in which the perpetrators work to inflate the prices of stocks while pushing them as good investments before dumping them for profit.

Authorities believe that the defendants made at least $114 million through the scheme from January 2020 to April 2022.The maximum potential prison exposure from the eight-count criminal indictment filed against Bankman-Fried is 115 years, according to prosecutors. On Twitter, Cooperman and Deel billed themselves as multimillionaire day traders and co-founders of the YouTube channel “Goblin Gang.”

Edward Constantinescu, aka Constantin, 38, of Montgomery, Texas, also faces three counts of securities fraud and one count of engaging in monetary transactions in property derived from specified unlawful activity, prosecutors said.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Dang, they finally busted Elon, huh?

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 11. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Eight Personal Finance Influencers Were Charged With Fraud After Creating A $100 Million Stock Manipulation SchemeA complaint filed by the SEC stated that the influencers “bragged and laughed about making profits at the expense of their followers” in private chats.
Källa: BuzzFeed - 🏆 730. / 51 Läs mer »