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Social media influencers charged with fraud over alleged $100 million 'pump and dump' scam involving stock manipulation

Photo by Phil Barker/Future Publishing via Getty Images

Eight social media influencers were charged with securities fraud after they allegedly participated in a "pump and dump" scheme involving stock market trading.

The Security and Exchange Commission and the Department of Justice filed parallel charges against the eight people they accused of operating the scam on their followers on Twitter and Discord, two popular social media platforms.

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