American authorities have once more brought down a social media influencer over claims their wealth and presence were done fraudulently. According to an indictment unsealed this week, a group of eight men who by all appearances had become successful social influencers have been charged in a $114m pump and dump scheme. Feds claim that the group would show off stocks and promote them to their followers only to turn around and dump them as soon as the price(s) rose.
A prime example of one of the fraudsters according to the SEC complaint:
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