London Daily

Focus on the big picture.
Tuesday, Mar 03, 2026

Influencers who promoted stock on social media charged with $100m fraud scheme

Influencers who promoted stock on social media charged with $100m fraud scheme

While their fans were being duped on Twitter and Discord, the accused showcased their "extravagant lifestyles" online, including posing in photos with luxury cars, authorities have alleged.

Eight social media influencers who allegedly used their status to manipulate stock prices have been charged in a $100m (£81m) fraud scheme.

The young men had a combined following of 1.5 million people on Twitter, and used it alongside messaging platform Discord to promote themselves as successful traders and encourage their fans to invest in selected shares.

According to charges brought by the US Securities and Exchange Commission, when the price of those shares rose, they would regularly sell them off without ever disclosing their plans.

It's a process often referred to as "pump and dump".

Authorities said the group's loyal followers were fed "a steady diet of misinformation" since at least January 2020, "which resulted in fraudulent profits of approximately $100m".

While their fans were being duped, the accused showcased their "extravagant lifestyles" online, including posing in photos with luxury cars, authorities alleged.



Seven of the men have been charged with securities fraud, and their Twitter handles were revealed alongside their names and states of residence:

• Perry Matlock (@PJ_Matlock) of Texas

• Edward Constantin (@MrZackMorris) of Texas

• Thomas Cooperman (@ohheytommy) of California

• Gary Deel (@notoriousalerts) of California

• Mitchell Hennessey (@Hugh_Henne) of New Jersey

• Stefan Hrvatin (@LadeBackk) of Florida

• John Rybarczyk (@Ultra_Calls) of Texas

Tweets from the men regularly encouraged members of the "Goblin Gang" to purchase stock, inviting followers to contact them to "get these levels" and the daily "game plan" texted straight to them.

Most of the accounts are still online and were tweeting as recently as three or four days ago.



The eighth man, Daniel Knight (@DipDeity) of Texas, has been charged with aiding and abetting the alleged scheme, including via a podcast he co-hosted and used to promote many of the other men as expert traders.

He is said to have also traded in concert with them and regularly profited from doing so.

Each could face up to 25 years in jail for conspiracy to commit securities fraud and each count of securities fraud.

Constantin also faces a maximum term of 10 years if convicted of engaging in unlawful monetary transactions.


It comes amid a US crackdown on high-profile people who promote financial products, including cryptocurrency.

Last month, an Instagram star was jailed in California for more than 11 years over an international, multi-million dollar scam which targeted an English Premier League club.

Weeks earlier, Kim Kardashian was fined and banned from promoting crypto for three years to settle federal charges over an Instagram post about the EthereumMax asset.

Newsletter

Related Articles

0:00
0:00
Close
UK Arrests Prominent Figures Linked to Epstein Network as Questions Mount Over US Action
Trump Says UK ‘Took Far Too Long’ to Approve Use of Airbases for Iran Strikes
Scope of Britain’s Role in the Expanding Middle East Conflict Comes Under Scrutiny
Trump Says He Is ‘Very Disappointed’ in Starmer Over Iran Comments
U.S. Embassy in Riyadh Struck by Drones Amid Escalating Iran Conflict
Starmer Confronts Strategic Test After Drone Strike Near British Base in Cyprus
Rolls-Royce Chief Signals Openness to Germany Joining UK-Led Fighter Jet Programme
UK Stocks Slip as Escalating Iran Conflict Triggers Global Market Selloff
UK Overhauls Asylum System to Make Refugee Status Temporary
Starmer Warns of ‘Reckless’ Iranian Strikes Amid Escalating Regional Tensions
British Base in Cyprus Targeted as Drones Intercepted Amid Expanding Iran Conflict
Starmer Diverges from Trump on Iran Strategy, Rejects ‘Regime Change from the Skies’
U.S. and Israel Intensify Strikes on Iran as Conflict Expands to Lebanon and Gulf States
Violent Pro-Iranian Protesters Storm U.S. Consulate in Karachi
Missile Debris Sparks Fires at Dubai’s Jebel Ali Port Near Palm Jumeirah
Iran Strikes U.S. Fifth Fleet Headquarters in Bahrain Amid Wider Gulf Retaliation
When the State Replaces the Parent: How Gender Policy Is Redefining Custody and Coercion
Bill Clinton Denies Knowing Woman in Hot Tub Photo During Closed-Door Epstein Deposition
Former U.S. President Bill Clinton Testifies on Ties to Jeffrey Epstein Before Congressional Oversight Committee
Dyson Reaches Settlement in Landmark UK Forced Labour Case
Barclays and Jefferies Shares Fall After UK Mortgage Lender Collapse Rekindles Credit Market Concerns
Play Exploring Donald Trump’s Rise to Power by ‘Lehman Trilogy’ Author to Premiere in the UK
Man Arrested After Churchill Statue Defaced in Central London
Keir Starmer Faces Political Setback as Labour Finishes Third in High-Profile By-Election
UK Assisted Dying Bill Set to Fall Short in Parliament as Regional Initiatives Gain Ground
UK Defence Ministry Clarifies Position After Reports of Imminent Helicopter Contract
Independent Left-Wing Plumber Secures Shock Victory as Greens Surge in UK By-Election
Reform UK Refers Alleged ‘Family Voting’ Incidents in By-Election to Police
United Kingdom Temporarily Withdraws Embassy Staff from Iran Amid Heightened Regional Tensions
UK Government Reaches Framework Agreement on Release of Mandelson Vetting Files
UK Police Contracts With Israeli Surveillance Firms Spark Debate Over Ethics and Oversight
United Airlines Passenger Hears Cockpit Conversations After Accessing In-Flight Audio Channel
Spain to Conduct Border Checks on Gibraltar Arrivals Under New Post-Brexit Framework
Engie Shares Jump After $14 Billion Agreement to Acquire UK Power Grid Assets
BNP Paribas Overtakes Goldman Sachs in UK Investment Banking League Tables
Geothermal Project to Power Ten Thousand Homes Marks UK Renewable Energy Milestone
UK Visa Grants Drop Nineteen Percent in 2025 as Migration Controls Tighten
Barclays and Jefferies Among Banks Exposed to Collapse of UK Mortgage Lender MFS
UK Asylum Applications Edge Down in 2025 Despite Rise in Small Boat Crossings
Jefferies Reports Significant Exposure After Collapse of UK Lender MFS
FTSE 100 Reaches Fresh Record Highs as Major Share Buybacks and Earnings Lift London Stocks
So, what's happened is, I think, government policy, not just under Labour, but under the Conservatives as well, has driven a lot of small landlords out of business.
Larry Summers, the former U.S. Treasury Secretary, is resigning from Harvard University as fallout continues over his ties to Jeffrey Epstein.
U.S. stocks ended higher on Wednesday, with the Dow gaining about six-tenths of a percent, the S&P 500 adding eight-tenths of a percent, and the tech-heavy Nasdaq climbing roughly one-and-a-quarter percent.
From fears of AI-fuelled unemployment to Big Tech's record investment, this is AI Weekly.
Apple just dropped iOS 26.4.
US Lawmakers Seek Briefing from UK Over Reported Encryption Order Directed at Apple
UK Business Secretary Calls on EU to Remove Trade Barriers Hindering Growth
Legal Pathways for Removing Prince Andrew from Britain’s Line of Succession Examined
PM Netanyahu welcome India PM Narendra Modi to Israel
×