Social media finfluencers face charges in $114 million pump-and-dump scheme
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The defendants allegedly disseminated false and misleading information to their collective 1.5 million Twitter followers to hype interest in certain securities while secretly planning to sell shares at artificially elevated prices, the DOJ charged.
Eight men who promoted themselves as stock-picking gurus are facing civil and criminal charges for allegedly coordinating a long-running pump-and-dump scheme on social media.
To their collective 1.5 million followers on Twitter, the defendants disseminated false and misleading information to hype
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