Trending

8 Social-Media Influencers Charged In ‘Pump-And-Dump’ Scheme

  • Seven social media influencers and one podcast host were indicted in a federal court for allegedly using Twitter and Discord to pump and dump stocks to their millions of followers.
  • The influencers hyped certain stocks by posting misleading information and concealing their intent to sell the securities at an inflated press, according to a Department of Justice (DOJ) press release.
  • The scheme brought in approximately $114 million over the course of two years, the DOJ estimated.
Click to read full article Go back home

Sign Up for Our Newsletter

Join our list!

Sign up here to get our daily newsletter with the top trending headlines.