Stay updated with breaking news from Tom Cooperman. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Department of Justice has indicted eight social media influencers for allegedly utilizing their wide reach to "pump and dump" securities at the cost of investors.
Eight men have been charged over a $114 million stock manipulation scheme orchestrated through Discord and Twitter..
Zack Morris and seven other men are charged with what's known as a "pump and dump" scheme that made more than $114 million, the Justice Department said
US prosecutors and the SEC charged eight individuals in a securities fraud scheme, alleging that the men made $114 million by using Twitter and Discord platforms to manipulate stock prices.
The influencers are accused of using Twitter and Discord to boost stocks.