Tom Cooperman News Today

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.

A federal grand jury in the Southern District of Texas returned an indictment that was unsealed charging eight men with conspiracy to commit securities fraud for a long-running, social media-based “pump and dump” scheme.

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

The conspirators used podcasts and social media to talk up stock prices to their large followings, then sold their shares, according to court filings by the S.E.C. and the Justice Department.

According to a release, the men charged in the scheme had over 1.5 million followers on Twitter, and allegedly used Discord to spread false information about

(NEW YORK) -- "We're going to keep growing and making a lot of money," social media influencer Zack Morris said during a Dec. 11 recording on Twitter. "I never dump on my followers...." he tweeted in February. Morris, whose real name is Edward Constantinescu, might not be making so much money anymore. The Justice Department

Eight social media influencers, four from the Houston area, have been accused of using their social media presence to commit securities fraud.

(NEW YORK) -- "We're going to keep growing and making a lot of money," social media influencer Zack Morris said during a Dec. 11 recording on Twitter. "I never

According to the Department of Justice and the Securities and Exchange Commission, between January 2020 and April 2022, a group of eight social media influencers conspired to...

They're booked for "pump and dump" scheme hyping particular stocks to followers