Feds: Ohio stock trader fleeced Twitter users in pump-&-dump

Court papers in Manhattan alleged that Gallagher began defrauding followers of a Twitter account he started in September 2019 under the alias “Alex DeLarge,” a gang leader character who commits violent crimes in the Anthony Burgess novel “A Clockwork Orange.” By last week, the account had over 70,000 followers.

Then, Gallagher secretly sold his securities while continuing to promote them to his followers so he could gain the highest price possible for his own sales, according to a criminal complaint. Trading in one company Gallagher promoted online — Minnesota-based SpectraScience Inc. — was temporarily suspended in February by the Securities and Exchange Commission, which said “certain social media accounts may be engaged in a coordinated attempt to artificially influence the share price,” the complaint said.

Penny stock trading should be banned as it is just unregulated gambling

When are they arresting SpeakerPelosi ?

Greed creed drives it all.

Gosh, does this remind anyone of someone or something from the past?🤑😟

Your only allowed to do this if you're a CEO

Sounds familiar...

Awesome, but pump n dump crypto is legit.

How long was Trump allowed to do this on Twitter again?

JULIE_FX_TRADER you are a trader with so much ambitious goals towards your clients, a woman with love for others. You're honest when it comes to investment, Thanks for changing my life financially. i will be greedy if I don’t share this. Contact👇 JULIE_FX_TRADER

Lol this what Musk has done several times why isn’t he getting prosecuted

coffeebreak_YT

jimcramer does this daily

so smart yet so greedy. Greed got him caught

Who in the world buys stocks on the say-so of someone on Twitter?

I invested $1000 and got a return of $10,000 in 48hours Her transparency and accountability has always been the best kathycrypto6

From NYC? Likely.

Wait, I saw this movie. He's a motivational speaker now right?

When you had a executive administration built and based 'only on lies' what do we expect from the general public? This is the new what's wrong with America....lack of integrity and common sense and they don't care you if you know it.

No offense, but every asshole promoting cryptocurrencies on social media has the same instincts as this guy, they just don't know how to execute it.

Who does this guy think he is? A Congressman?

wolfofwallst

There's a sucker born every minute

I had a dude trying to get me to invest. I turned his booty in. I couldn’t find legit info. Like how dumb are people who fall for this.

Oh stop it—people never lie on Twitter!

MrZackMorris mikalche

cbouzy. Harkles. The list goes on and on, doesn't it?

Is his name Elon Musk? That’s how he does it…

...'pump-and-dump scheme'... I've watched this porno before. 🤣

Isn’t that what $doge Twitter is trying to pull?

There are tons of these scammers on twitter. Seemingly every news article that gets posted has one or more bots trying to get people to join an obvious pump and dump scam, usually involving bitcoin

and what about Nancy Pelosi's investments?

ThiccTeddy you good?

The Wolf of Wall Tweet

Its amazing how many consistently follow these pump-n-dump schemes.

Was it Bitcoin ? LOL 😂 scam !

This reads like satire for Trump’s new social media

Hahahaha follow me for stock tips

Not sure why anyone would believe anything someone said about investing with them on Twitter

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