Eight social-media influencers were charged in an alleged $100 million stock-manipulation scheme in which they used their platforms on Twitter and Discord to alter stock prices, the Securities and Exchange Commission said
The Securities and Exchange Commission said the influencers involved took advantage of their large followings.
Federal prosecutors and the Securities and Exchange Commission charged eight social-media influencers over an alleged stock-manipulation scheme in which they used their platforms to alter stock prices and illicitly make more than $100 million.detailed accusations against these influencers of encouraging their followers online to buy certain stocks they had purchased without sharing their intent to dump them after share prices or trading volumes climbed.
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