The regulatory agency charged them in what it says was a $100m securities fraud scheme run by people who portrayed themselves as successful stock traders - using social media platforms Twitter and Discord, as well as podcasts, to manipulate the price of certain stocks.
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SEC says social media influencers used Twitter and Discord to manipulate stocks
The SEC said in a complaint filed Tuesday that recordings of some of the defendants showed them discussing their alleged scheme over Discord voice chats, including one from March 1, 2021, between Knight and Cooperman.
