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Eight influencers charged in $100m ‘pump-and-dump’ market manipulation scheme

Photo: Adobe Stock Images

Martina Lindberg

3 min read
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The social media influencers used the platforms Discord and Twitter to manipulate exchange-traded stocks.

Eight individuals are facing charges in a $100m securities fraud scheme in which they used the social media platforms Twitter and Discord to manipulate exchange-traded stocks. The individuals are being charged by the Securities and Exchange Commission (SEC) and the Department of Justice’s (DOJ) Fraud Section in two separate

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