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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEC Charges Eight Influencers in $100 Million Securities FraudEight 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
Read more »
DOJ and SEC charge social media influencers in alleged $100 million stock pump and dump schemeThe defendants allegedly used Twitter and Discord to promote stocks without disclosing alleged plans to sell once the prices rose.
Read more »
It's stacking up: SEC to file separate charges against FTX's SBFAccording to unconfirmed sources, SBF will also soon be fighting United States Securities and Exchange Commission (SEC) charges relating to securities fraud and securities fraud conspiracy.
Read more »
Sam Bankman-Fried charged with securities fraud tracing back to the ‘inception’ of FTXFormer FTX CEO Sam Bankman-Fried charged with securities fraud by the SEC
Read more »
Canadian Securities Regulators to Strengthen Crypto Oversight After FTX CollapseCanadian securities regulator will strengthen its approach to crypto oversight and will consider enforcement action if crypto companies do not comply. By camomileshumba
Read more »
US Securities Watchdog Charges Sam Bankman-Fried With Fraud Over FTX Collapse – Bitcoin NewsSEC chair Gary Gensler alleges that the disgraced FTX co-founder SBF “built a house of cards on a foundation of deception.”
Read more »