Perry Matlock News Today

The District Court of the Southern District of Texas has seen a motion filed for the court to move to

The former SEC official also underlined how "social media has become the virtual rope that many crypto bros (and sisters) use to hang themselves."

The Justice Department said the defendants showcased their "extravagant lifestyles" to fool others into thinking they were skilled stock traders.

The conspirators used podcasts and social media to talk up stock prices to their large followings, then sold their shares, say court filings by the SEC.

On December 14, 2022, the Securities and Exchange Commission (“SEC” or the “Commission”) announced charges against eight social media influencers in a $100 million securities fraud...

WASHINGTON—Prosecutors said they have charged eight individuals in a securities fraud scheme, alleging they reaped about $114 million ...

Eight social media influencers have been charged by the The Securities and Exchange Commission involving $100 million in securities fraud. (Article by Margaret Flavin republished from [...]

The SEC said that since January 2020, seven of the charged individuals promoted themselves as successful traders to their hundreds of thousands of social media followers.

The defendants were co-founders of the company named Atlas Trading. The company dealt with stock trading on Discord. 

U.S. government regulators charged eight social media influencers Wednesday in a $100 million fraud scheme in which they're accused of promoting exchange-traded...