The defendants allegedly used their platforms to hype stocks before selling them off once the prices rose.
A group of social media influencers has been charged with conspiring to manipulate stock prices in an alleged scheme that netted them $114m .
On Twitter and Discord, the group "promoted themselves as successful traders", the SEC said in a news release. The alleged crimes took place between January 2020 and April 2022. Each of the accused had over 100,000 Twitter followers as of this month.
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