'FinTwit' influencers face charges in $150m scheme
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.
Source: afr.com
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Eight men indicted for $114 million securities fraud scheme orchestrated through social media
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.
Source: setexasrecord.com
US Authorities Charge 8 Social Media Influencers in Securities Fraud Scheme
WASHINGTON—Prosecutors said they have charged eight individuals in a securities fraud scheme, alleging they reaped about $114 million ...
Source: theepochtimes.com
'FinTwit' Influencers Face Charges in $100 Million Scheme
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.
Source: nytimes.com
DOJ: Eight men charged in $114 million "pump and dump" scheme
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
Source: kagstv.com