RE: Well Well Well14 Dec 2022 20:53
Sound familiar
To their legions of followers on social media, the eight defendants have, for years,
promoted themselves as trustworthy stock-picking gurus. In reality, they are seasoned stock
manipulators. They identify stocks ripe for manipulation, acquire substantial positions in these
securities, and then recommend those stocks as good investments to their followers on Twitter, in
online stock-trading forums they run, and on podcasts. They encourage their followers to
purchase the selected stocks, often claiming that they likewise have bought or intend to buy these
Case 4:22-cv-04306 Document 1 Filed on 12/13/22 in TXSD Page 1 of 39
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stocks for themselves and hold them. Instead, the defendants sell their shares into the demand
that their deceptive promotions generate.