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Securities Fraud Charges Dropped Against Social Influencers Accused of Stock-Manipulation Scheme
A federal judge dismissed all charges against a group of social-media influencers the SEC and Justice Department had accused of perpetrating a "stock manipulation scheme" on Twitter and Discord.
A federal judge has dismissed all charges against seven social-media influencers the SEC and Justice Department had accused of perpetrating a “stock manipulation scheme” on Twitter and Discord. The individuals cleared in the matter are Perry Matlock, Edward Constantin, Thomas Cooperman, Gary Deel, Mitchell Hennessey, Stefan Hrvatin and John Rybarcyzk. “I was arrested by the FBI and accused of misconduct that I was innocent [of] from the get-go… The DOJ never had evidence I committed a crime because I didn’t.” Hennessey said the government’s “baseless allegations have had profound impact on me and my family, my reputation.”
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