Since at least January 2020, influencers have allegedly been involved in a pump-and-dump operation. The SEC have charged the influencers in $100 million fraud.
Federal prosecutors and the Securities and Exchange Commission indicted eight social-media influencers in connection with a purported stock-manipulation scheme in which they exploited their platforms to manipulate stock prices and earn more than $100 million illegally.
Both the criminal and civil complaints (read below), filed ...