Thursday, December 15, 2022 2:29:55 PM
https://www.trendradars.com/digg/article-1008158-influencers-fraud-8-charged-in-social-media-pump-and-dump-stock-scheme
The U.S. government on Wednesday charged eight men of earning more than US$100 million in illicit stock market profits by manipulating their novice-investor followers on social media.
The Justice Department and the Securities and Exchange Commission said that from early 2020 to around April of this year the men, who had combined following of over 1.5 million on Twitter, ran a "pump-and-dump" scheme.
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