Twitter user 'Alex DeLarge' charged in pump-and-dump scheme

Twitter user 'Alex DeLarge' charged in pump-and-dump scheme

Prosecutors say the stock trader allegedly operated a social media scheme involving penny stocks that garnered $1 million in illicit profits.

Twitter User ‘Alexander Delarge’ Charged for Hyping Penny Stocks

(Bloomberg) -- The man behind a popular Twitter account that promoted penny stocks was criminally charged for touting securities while simultaneously dumping shares, the latest sign that authorities are setting their sites on the social-media frenzy that’s invaded U.S. equity markets. Continue Reading. Read more on OnWeb by BloombergQuint.

Twitter User ‘Alexander Delarge’ Charged for Hyping Penny Stocks

(Bloomberg) -- The man behind a popular Twitter account that promoted penny stocks was criminally charged for touting securities while simultaneously dumping shares, the latest sign that authorities are setting their sites on the social-media frenzy that’s invaded U.S. equity markets. Most Read from BloombergCities' Answer to Sprawl? Go Wild.Hamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaWhy Americans and Britons Are Rushing to B…