A U.S.-Listed Chinese Microcap Sat at the Center of a $110 Million Pump-and-Dump Scheme
2 Articles
2 Articles
A U.S.-Listed Chinese Microcap Sat at the Center of a $110 Million Pump-and-Dump Scheme
A U.S.-Listed Chinese Microcap Sat at the Center of a $110 Million Pump-and-Dump Scheme - Deepfake celebrity ads on Facebook and Instagram funneled retail investors into WhatsApp stock-picking groups, where scammers allegedly drove demand for Ostin Technology shares as low-cost investors sold into the rally
A silent lawsuit accuses Brock Pierce and Scott Walker of operating boom and dump schemes, organizing illegal poker games with drugs and alcohol, and defrauding investors. The lawsuit, which includes RICO violations, shakes the cryptic world. *** Demand accuses Pierce and Walker of pumpkin and dump and illegal poker games. They pledged profits and returned just $0.70 for each dollar invested. Tether’s pledged share of the funds was taxed or out …
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