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All the time, they were allegedly planning to dump their own shares in the companies and make off with a healthy profit."}],"_type":"block"},{"markDefs":[],"children":[{"text":"In total, an indictment unsealed this week in Texas showed that the fraud totaled ","_key":"911f9e64c32d0","_type":"span","marks":[]},{"_type":"span","marks":["strong"],"text":"a whopping $114 million","_key":"911f9e64c32d1"},{"_type":"span","marks":[],"text":" over the course of under two years.","_key":"911f9e64c32d2"}],"_type":"block","style":"normal","_key":"208fd6168a33"},{"style":"normal","_key":"84c9a78581b0","markDefs":[],"children":[{"_type":"span","marks":[],"text":"Through Twitter posts, podcast appearances, Discord conversations, and other online commentaries, the defendants are accused of swindling their most gullible fans.","_key":"357ae98e10310"}],"_type":"block"},{"_key":"ea1f3f7437b1","markDefs":[],"children":[{"_type":"span","marks":[],"text":"In addition to pending federal counts, the Securities and Exchange Commission also handed down its own charges against the group.","_key":"8f0b7fbf41680"}],"_type":"block","style":"normal"},{"_key":"986434039815","markDefs":[],"children":[{"_type":"span","marks":["strong"],"text":"Damning communications","_key":"97f2653b6c7e0"}],"_type":"block","style":"normal"},{"markDefs":[],"children":[{"_key":"80a17ce257bc0","_type":"span","marks":[],"text":"According to the SEC complaint, members of the group were brazen in their discussion of the illegal ploy. When one suspect expressed some remorse about their behavior and said he wanted to “do it the right way,” an alleged co-conspirator shot back: “The f—king right way? "},{"_type":"span","marks":["strong"],"text":"We’re robbing f—ing idiots of their money","_key":"80a17ce257bc1"},{"text":".”","_key":"80a17ce257bc2","_type":"span","marks":[]}],"_type":"block","style":"normal","_key":"4d300b0fcabb"},{"markDefs":[],"children":[{"_type":"span","marks":[],"text":"Such rhetoric is not likely to bode well for them at trial.","_key":"da6edb4954210"}],"_type":"block","style":"normal","_key":"6f450728869b"},{"markDefs":[],"children":[{"text":"Joseph Sansone of the SEC described the alleged scheme succinctly, asserting that they fed their followers “a steady diet of misinformation.\"","_key":"f2f41fd4699a0","_type":"span","marks":[]}],"_type":"block","style":"normal","_key":"4a2eb677f0aa"}],"_id":"1ebcbe3c-11da-4f72-8957-affe2a2e84a0","_updatedAt":"2023-03-01T15:50:39Z","author":{"_ref":"phCNL32Gn","_type":"reference"},"id":"iaAnqL","summary":"The alleged \"pump-and-dump\" scheme targeted their own followers.","title":"Indictment Describes Dark Side Of Social Media Financial Influencers","_createdAt":"2022-12-15T00:07:51Z"}]