The highlight of these days, where a man, whose name is Steven Gallagher, who is involved in the Ohio Stock found has been the headline of the news. Tons of people and investors especially are showing a good amount of interest to know about him. As per the report we got to know that he has earned around $1 million USD illegally with the help of 70K followed on Twitter, he got them to buy stock. Here are the complete details, read the post to know the complete story.
Steven Gallagher Stock Fraud
Steven is one of the 50 years old people, who was recently charged with securities fraud, wire fraud, and market manipulation. According to the Washington report, he has fleeced twitter used in pump & dump. Ricky J., who is a New York office for Homeland Security Investigations. He has said that pump and dump stock schemes cause market distrust and save the real victim who invests lots of money to fulfill his dream.
Steven had been defrauding followers since Sep 2019, he used to buy a large number of shares which are even less than $1 USD secretly. In the beginning while purchased he did not use to inform anyone.
But after purchasing huge number of shares he used to inform his Twitter followers to buy the same share and this used to increase the price of shares and this is how he was earning money. His user name was Alex Dalarge on Twitter, he was a sharp-minded person, it is the gang leader’s name from the Novel’A Clockwork Orange.
Twitter User Earned $1 Million By Stock Market
This novel was written by Anthony Burgers, in which he has portrayed the character who commits violent crimes. And Steven used the name to make a scheme to his followers, without his followers he could not do this, because, if they had not invested the price of share, would not have increased neither he had earned this amount of money.
Now has been arrested and in the custody of police. He used to promote some companies through his social media handles mainly Twitter, one of the companies is SpectraScience, which has been suspended by the Securities and Exchange Commission.
As per the further details a Homeland Security agent, whose name is Kingston Moy has signed the complaint, that he has met more than 2 investors, who have lost $2000 USD after they started to follow Steven on Twitter. Same like this there are lots investigation who has got lots of loss. Now he is handcuffed, hence beofre investing, be careful with more details stay connected.