The Department of Justice claims the 8 individuals utilized Twitter, Discord and other platforms to form the unofficial stock trading group they exploited.
BUSINESS
SEC Charges 8 Social Media Influencers With $110M+ Stock Manipulation Scheme
Jordan Belfort. Bernie Madoff. Martin Shkreli. SBF. All operated on different levels of fraud, and all were caught. But not even the 'stratonites' from Belfort's infamous brokerage could touch the arrogance and stupidity of the SEC's newest chief-clown-officer: Zack Morris of Atlas Trading. No, we didn't open a fugazi hedge fund. Coincidentally using the same name, Atlas Trading is the subject of a new SEC suit against a host of Instagram and Twitter-based frauds. These Gucci tracksuit-wearing rented-Lamborgini driving 'hedge fund' masters are in fact a group of ill-experienced scammers who defrauded people of millions of dollars, and then bragged about it.