WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Wednesday said it has charged eight individuals in a $100 million securities fraud scheme, alleging they used Twitter and Discord to manipulate stocks.
The SEC alleged that seven of the defendants purported to be successful traders on the social media platforms. The eighth individual was charged with aiding and abetting the scheme with his podcast.
(Reporting by Chris Prentice; Editing by Mark Porter)
