The promise was simple: Follow them and get rich.Eight influencers, based from California to Florida, promoted themselves on social media as financial gurus who could pick winning stocks.But in reality, federal authorities said, it was a "pump and dump" scheme, in which the perpetrators work to inflate the prices of stocks while pushing them as good investments before dumping them for profit.
#years #social-media #authorities #prosecutors #acquisition #influencers #attorneys-office #online-community
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