Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Group of Financial Influencers BUSTED in Massive Fraud Scheme
Posted
December 19, 2022
Views
281,509
Likes
8,089
Comments
1,039
Engagement
3.24%
December 19, 2022
281,509
8,089
1,039
3.24%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
8:24Now PlayingA group of online financial gurus has been indicted for a giant pumpanddump scheme. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Watch TYT LIVE on weekdays 68 pm ET.
Read more HERE
"If you have ever heard the words “this is not financial advice” or “this is not stock advice” when scrolling through TikTok or YouTube, you can be sure the next several minutes will be devoted to doing exactly that. Now federal law enforcement alleged that several financial influencers followed by hundreds of thousands of would-be traders were using their fans to bet big on stock trades, all the while expecting to cash out before prices tanked.
In an unsealed 44-page indictment filed in the U.S. District Court for the Southern District of Texas, a grand jury charged eight financial influencers in a large-scale securities fraud conspiracy that racked up over $114 million over a little less than two years. The U.S. Department of Justice alleged these influencers went by handles like “PJ Matlock” AKA Perry Matlock, “DipDeity” AKA Daniel Knight, and “LadeBackk” AKA Stefan Hrvatin. Federal law enforcement said all of these accounts hyped up certain companies by posting false info to their thousands of followers on Discord and Twitter and through podcast appearances, all while planning to dump their shares when the stock price became inflated.
***
The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET.
Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks▶
SUBSCRIBE on YOUTUBE☞
📬 Newsletters
If you want to watch more videos from TYT, consider subscribing to other channels in our network:
The Watchlist
Indisputable with Dr. Rashad Richey
Unbossed with Nina Turner
The Damage Report ▶
TYT Sports ▶
The Conversation ▶
TYT Investigates ▶
#TYT #TheYoungTurks #BreakingNews
221215__TB03_Financial_Gurus
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
