Podcasts · Patrick Boyle On Finance
Pump and Dump Schemes are Now Totally Legal
· 20 min
Episode Pump and Dump Schemes are Now Totally Legal
Send us a textA Texas District Judge Andrew S. Hanen has dismissed all charges against seven social-media influencers the SEC and Justice Department had accused of perpetrating a “stock manipulation scheme” on Twitter and Discord, ruling that the prosecution failed to state an offense in a case alleging securities fraud. The influencers were accused of securities fraud through a Pump and Dump scheme as they posted on social media that they owned or were buying various penny stocks but did not...
Transcript
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