Fog/Mist 48°
Tag:

Daniel Knight

News
Hoboken Influencer Ran $114 Million 'Pump And Dump' Stock Scheme: Feds Hoboken Influencer Ran $114 Million 'Pump And Dump' Stock Scheme: Feds
Hoboken Influencer Ran $114 Million 'Pump And Dump' Stock Scheme: Feds A social media influencer from Hoboken and seven other men were charged with running a $114 million "pump and dump" stock scheme. Mitchell Hennessey, 24, used his extensive social media following to hype interest in particular securities by posting false and misleading information on Twitter and Discord, according to prosecutors in the Southern District of Texas. The influencers and self-proclaimed traders artificially inflated the prices of the securities by hyping them up on their platforms, only to "dump" them after the fact, prosecutors said.From in or around January 2020 to in or arou…

SHARE

by Annie DeVoe