8 meme-stock influencers charged over $114-millon fraud in US

The US Securities and Exchange Commission has charged seven Twitter users and a podcaster in an alleged $114-million stock manipulation scheme run through social media. The SEC said the meme-stock influencers promoted certain stocks to "hundreds of thousands of followers" and then quietly sold their positions after a run-up in the stocks' prices. The scheme ran from January 2020-April 2022.