‘We’re Robbing F*cking Idiots’: Twitter Influencers ‘Bragged and Laughed’ While Pumping and Dumping Stocks, SEC Says
The SEC and DOJ say eight influencers manipulated their 1.5 million followers on the way to earning $100 million in "fraudulent profits.”
Hasnain says:
“The case could potentially answer one of the most defining legal questions of our time: whether writing “not financial advice.. don’t buy/sell off my tweets EVER” in your Twitter bio can protect you from being found guilty of conspiracy to commit securities fraud. According to the SEC, it can’t. Parallel charges have been brought by the SEC, the Department of Justice, and the U.S. Attorney’s Office for the Southern District of Texas.”
Posted on 2022-12-15T16:36:44+0000