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U.S. SEC Charges Charges Eight Twitter Influencers in $100 Million Stock Pump-And-Dump Scheme
Welcome to CyberFinance! The U.S. Securities and Exchange Commission (SEC) announced charges against eight individuals in a $100 million securities fraud scheme in which they used the social media platforms Twitter and Discord to manipulate exchange-traded stocks. According to the SEC, seven of the defendants promoted themselves as successful traders and cultivated hundreds of thousands of followers on Twitter and in stock trading chatrooms on Discord.