SvenTropics t1_j0rs307 wrote
Reply to comment by cmVkZGl0 in Social media influencers are charged with feeding followers ‘a steady diet of misinformation’ in a pump and dump stock scheme that netted $100 million by Wagamaga
Well, make no mistake, the "new money" people were scamming a community of gullible people online. Them going to prison and losing everything is good.
I mean basically what they were doing was taking small volume stocks, scrounging up a whole bunch of activity from these random people online to buy up a ton of it after they already took on a healthy position and then quietly sold it.
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